Insignia Systems Q4 net loss narrows to $0.41/sh; full year net income boosted by $12M settlement

BLOOMIA HOLDINGS, INC.

Q4 net sales $4.5M flat YoY; net loss $733K ($0.41/sh) vs $1.0M loss ($0.56) in Q4 2021.
Full year 2022 net sales $18.8M (-3.6% YoY); net income $10.0M ($5.61/sh) includes $12M litigation settlement.
Non-signage revenue grew 21.5% YoY; signage revenue declined 81.5%; winding down POPS signage by end of 2023.
Cash and equivalents $14.5M at Dec 31, 2022, up from $3.9M a year ago.
Exploring strategic alternatives with Chardan as financial advisor; no assurance of transaction.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BLOOMIA HOLDINGS, INC. reported financial results for the fourth quarter and full year ended December 31, 2022.

Period: the fourth quarter and full year ended December 31, 2022
Result: reported results

Exact text from the filing

On March 6, 2023, Insignia Systems, Inc. issued a press release announcing the Company’s fourth quarter and full year 2022 financial results.

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36 earnings releases filed in the last 30 days. Browse all earnings releases →

BLOOMIA HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001654954-23-002427

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