Brief: System1 Announces Second Quarter 2022 Financial Results

System1

11/08/2022 21:13

Aug 11 (Reuters) - System1 Inc  SST.N :
    * SYSTEM1 ANNOUNCES SECOND QUARTER 2022 FINANCIAL RESULTS
    * Q2 REVENUE ROSE 30 PERCENT TO $220 MILLION
    * QTRLY REVENUE INCREASED 30% YEAR-OVER-YEAR TO $220 MILLION
    * QTRLY REVENUE INCREASED 7% YEAR-OVER-YEAR ON A PRO FORMA
BASIS
    * QTRLY UPDATING ITS FULL YEAR OUTLOOK
    * SEES FY PRO FORMA REVENUE BETWEEN $900 MILLION AND $930
MILLION
    * QTRLY NET LOSS OF $34 MILLION, COMPARED TO $12 MILLION

Source text for Eikon:  ID:nBwbK0T3Pa 
Further company coverage:  SST.N 

 ((Reuters.Briefs@thomsonreuters.com;))