Ridgetech Inc RDGT

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Fiscal Year 2022 Financial Highlights

		For the Year Ended March 31,
($ millions, except per share data)		2022		2021		% Change
Revenue		164.39		133.13		23.5 %
Retail drugstores		84.23		76.10		10.7 %
Online pharmacy		30.22		22.48		34.4 %
Wholesale		49.94		34.55		44.6 %
Gross profit		36.52		29.24		24.9 %
Gross margin		22.2 %		22.0 %		0.2 pp*
Loss from operations		(2.69)		(8.84)		69.5 %
Net loss		(3.20)		(8.38)		61.8 %
Loss per share		(0.92)		(2.39)		61.5 %
*Notes: pp represents percentage points

• Revenue increased by 23.5% to $164.39 million for the fiscal year ended March 31, 2022 from $133.13 million for the same period of last year.
• Gross profit increased by 24.9% to $36.52 million for the fiscal year ended March 31, 2022 from $29.24 million for the same period of last year.
• Gross margin increased by 0.2 percentage points to 22.2% for the fiscal year ended March 31, 2022 from 22.0% for the same period of last year.
• Net loss was $3.20 million, or $0.92 per basic and diluted share, for the fiscal year ended March 31, 2022, compared to net loss of $8.38 million, or $2.39 per basic and diluted share, for the same period of last year.