Brief extracts from Q2, 2022 ResultsA few observations from Q2, 2022 Result numbers:
- We all know that ETC was acquired September 1, 2021 and as a result, the comparative financial statements for the three and six months ended June 30, 2022 vs. the same periods in 2021 are of only modest interest.
- Operating expenses for Q2 2022 and the 2022 year-to-date period included a one-time $14.6 million charge to settle litigation and arbitration disputes with the former owners of VIZIYA.
- Consolidated Adjusted EBITDA for the three and six months ended June 30, 2022 was negative $9.0 million and $70.1 million
- Cash generated from (used in) operations for the three and six months ended June 30, 2022 was $77.8 million and $68.6 million. Cash and cash equivalents and short-term investments were $122.9 million at June 30, 2022, compared to $72.6 million at December 31, 2021.
- Net income (loss) for the three and six months ended June 30, 2022 was ($23.8) million, or ($0.21) per diluted share, and $33.1 million, or $0.25 per diluted share,
Many issues, business transition strategies, Wilan division Review process, and ITS(intelligent transportation systems) management focus are unfolding here and the future growth of this company can be a very interesting participation opportunity,
Peace,
Good Decision-making to All,
ElJ