Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
BLOOMIA HOLDINGS, INC. reported first quarter ended March 31, 2023 results: revenue Q1 2023 net sales increased 108.7% to $12.8 million from $6.1 million in Q1 2022., net income Q1 2023 net income was $1.6 million, or $0.92 per basic share and $0.91 per diluted share, EPS $0.92 per basic share and $0.91 per diluted share. Guidance initiated.
- Period
- first quarter ended March 31, 2023
- Revenue
- Q1 2023 net sales increased 108.7% to $12.8 million from $6.1 million in Q1 2022.
- Net income
- Q1 2023 net income was $1.6 million, or $0.92 per basic share and $0.91 per diluted share
- EPS
- $0.92 per basic share and $0.91 per diluted share
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Overview · Q1 2023 net sales increased 108.7% to $12.8 million from $6.1 million in Q1 2022. · Q1 2023 operating income was $1.5 million compared to $73,000 in Q1 2022. · Q1 2023 net income was $1.6 million, or $0.92 per basic share and $0.91 per diluted share, compared to $62,000, or $0.03 per basic and diluted share in Q1 2022. Insignia’s President and CEO, Kristine Glancy, commented, “Q1 2023 was the company’s best revenue quarter ever, primarily driven by both new clients and retail expansion on our display solutions. We secured and supported several new brands launching in retail for their first time, while also retaining a significant number of clients executing additional projects with us. Our on-pack solutions also grew significantly, reaching our highest revenue quarter thus far, driven primarily by several larger new clients. I am extremely pleased with the strong start to 2023. Our clients appreciate our tailored approach to retail and have become some of our best advocates
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