8-K
filed November 21, 2022, 6:59 PM ET
ticker AIFF
CIK 0000803578
earnings
confidence high
sentiment negative
materiality 0.70
WaveDancer Q3 2022 revenue down 47% to $2.3M, net loss $4.7M including goodwill impairment
FIREFLY NEUROSCIENCE, INC.
2022-Q3 EPS reported
-$0.47
revenue$9,619,273
- Total revenues $2.3M vs $4.3M YoY; professional fees $2.1M vs $2.8M.
- Gross profit $0.48M vs $0.98M; gross margin 20.9% vs 22.8%.
- Net loss $(4.7)M includes $2.3M goodwill impairment, vs $(0.1)M loss.
- Adjusted EBITDA $(1.5)M vs $0.1M positive.
- Signed first commercial customer for Maverix platform; advanced discussions with others.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
FIREFLY NEUROSCIENCE, INC. reported the nine months ended September 30, 2022 results: revenue $9.6 million, net income $(8.3) million.
- Period
- the nine months ended September 30, 2022
- Revenue
- $9.6 million
- Net income
- $(8.3) million
- Result
- reported results
Exact text from the filing
Nine Months 2022 Key Financial Items (all comparisons to prior year period unless otherwise noted) ● Total revenues decreased to $9.6 million, compared with $12.5 million. ● Professional fees decreased to $7.0 million, down from $8.6 million. ● Gross margin for our Tellenger business unit improved to 25.8% compared with 23.7%; higher-margin professional fees accounted for 71.3% of revenues. ● Net loss of $(8.3) million, including a goodwill impairment charge of $2.3 million, compared with net income of $0.2 million. ● Adjusted EBITDA of $(4.6) million, compared with $0.9 million
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
FIREFLY NEUROSCIENCE, INC. reported the three months ended September 30, 2022 results: revenue $2.3 million, net income $(4.7) million.
- Period
- the three months ended September 30, 2022
- Revenue
- $2.3 million
- Net income
- $(4.7) million
- Result
- reported results
Exact text from the filing
Total revenues decreased to $2.3 million, compared with $4.3 million. ● Professional fees decreased to $2.1 million, down from $2.8 million. ● Gross profit decreased to $0.48 million, compared with $0.98 million. ● Gross margin declined to 20.9% from 22.8%; higher-margin professional fees accounted for 91.7% of revenues. ● Net loss of $(4.7) million, including a goodwill impairment charge of $2.3 million, compared with net loss of $(0.1) million. ● Adjusted EBITDA 1 of $(1.5) million, compared with $0.1 million
View on SEC.gov
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