other material
confidence high
sentiment positive
materiality 0.55
Amesite reports 29% revenue growth in first nine months of FY2022; cash burn down 13.5% YoY in Q3
Amesite Inc.
- Revenue growth for first nine months of FY2022 approximately 29% vs prior year.
- FYQ3 cash burn $1.35M, down 13.5% from FY2021 Q3 and lowest since IPO.
- Reduced full-time staff 23% from Q2 to Q3; offboarded contract IT with $300K termination payment.
- New partnerships: CUNY, Conner Prairie museum, 3-year Wayne State extension (98% retention).
- Average quarterly cash burn down 28.4% vs year-to-date quarterly average.