Insignia Systems Q3 net sales down 21.2% to $3.5M; net loss $0.52 per share

BLOOMIA HOLDINGS, INC.

2021-Q3 EPS reported -$1.45 revenue$14,975,000

Q3 net sales $3.5M, down 21.2% YoY from $4.4M; net loss $921k ($0.52/share) vs $886k loss.
Operating loss widened to $925k from $863k; gross margin improved to 15.6% from 12.6%.
Non-POPS portfolio up 70% YTD, but POPS signage revenue fell 21.5% on competition and COVID.
Cash and restricted cash $3.7M at Sep 30, down from $7.1M at Dec 31, 2020.
CEO plans to right-size signage investments and shift resources to non-POPS growth; no guidance.

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