Emerald reports FY2021 net loss of $78.1M; guides FY2022 revenue >$300M

Emerald Holding, Inc.

2021-FY EPS reported -$1.59 revenue$145,500,000

Net loss improved to $78.1M from $633.6M in 2020; revenue $145.5M (+14.2%).
Q4 revenue $41.1M (+236.9% YoY); Q4 net loss $7.3M vs $33.9M loss prior year.
Acquired MJBiz for $120M initial consideration on Dec 31, 2021; cannabis event platform.
Ended year with $231.2M cash; generated $83.4M free cash flow in FY2021.
Full-year 2022 guidance: revenue >$300M, Adj. EBITDA >$50M (excl. insurance, $10M growth).

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