Insignia Systems Q2 net sales up 82% to $6.1M but net loss $894k; restates prior periods for sales tax

BLOOMIA HOLDINGS, INC.

2021-Q2 EPS reported -$0.93 revenue$11,482,000

Net sales $6.1M, up 82% YoY; non-POPS revenue grew 182%, POPS declined 9%.
Net loss $894k ($0.51 per share) vs loss $1.8M ($1.07) in Q2 2020; operating loss $853k.
Restated FY 2019-2020 and Q1 2021 financials for material misstatements in sales tax accounting.
Cash and equivalents $6.0M at June 30, 2021, down from $7.1M at Dec 31, 2020.
10-year selling agreement with News America Marketing expired April 2021; POPS challenged.

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