IIOT-OXYS reports strong Q1 2023 revenue, expects full-year growth; notes maturity pending extension

IIOT-OXYS, Inc.

Strong revenue for Q1 2023 marks four consecutive quarters of revenue growth; expects 2023 revenue to exceed 2022.
DOT Bridge Monitoring project to contribute strong revenue through mid-2023; expects extensions in H2 2023.
Smart Manufacturing CNC POC concluding; expects SaaS contract to contribute revenue in H2 2023.
Two Senior Secured Notes matured March 2023 without extension; company believes final terms will be reached soon.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

IIOT-OXYS, Inc. updated its the year ended December 31, 2022 and the three-months ended March 31, 2023 guidance (raised).

Period: the year ended December 31, 2022 and the three-months ended March 31, 2023
Guidance: raised
Result: preliminary results

Exact text from the filing

IIOT-OXYS, Inc. announced an update on the Company’s business operations. “We are pleased to announce that strong revenue continued in our first quarter of 2023. This marks four consecutive quarters of strong revenue. We are on-track for year over year growth, and overall expect 2023 revenue will exceed that of 2022.

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Source: SEC EDGAR

accession 0001683168-23-002257

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