secwatch.observer — SEC 8-K summary
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Issuer:     BLOOMIA HOLDINGS, INC. (TULP)
CIK:        0000875355
Form:       8-K
Filed at:   2021-08-23T23:59:59+00:00
Accession:  0001654954-21-009354
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/875355/000165495421009354/0001654954-21-009354-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/875355/000165495421009354/a2021_0823isigform8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-21-009354

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