Viewbix reports 2021 revenue of $45.2M, net income of $591K; acquired Cortex Media for ~$11M

Viewbix Inc.

Revenue grew 19% YoY to $45.2M in 2021 from $38.1M in 2020.
Net income attributable to shareholders fell to $300K in 2021 from $2.3M in 2020.
Acquired 70% of Cortex Media Group on Oct 13, 2021 for approx. $11M; recorded $9.6M goodwill and $6.3M intangible assets.
Total assets as of Dec 31, 2021 were $51.3M, up from $23.7M a year earlier, driven by the acquisition.
Operating income declined to $541K in 2021 from $1.96M in 2020 due to higher traffic-acquisition costs.

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