earnings
confidence high
sentiment negative
materiality 0.70
Insignia Systems Q4 net sales down 10.4% to $4.5M; full-year revenue up 11.6% but net loss $3.5M
BLOOMIA HOLDINGS, INC.
- Q4 net sales $4.5M (-10.4% YoY); net loss $1.0M ($0.56/share) vs net loss $0.96M in Q4 2020.
- Full year 2021 net sales $19.5M (+11.6%); net loss $3.5M ($2.01/share) improved from $4.6M loss in 2020.
- Non-POPS revenue grew 44.3% now 72% of sales; POPS revenue fell 64.3% on competitive pressures and COVID.
- Company exploring strategic alternatives including M&A; engaged Chardan as financial advisor.
- Cash and restricted cash $3.9M at Dec 31, 2021, down from $7.1M at year-end 2020.