Half-Year Ended March 31, 2022 Summary:
- Revenue declined by 31% to $60.09 million for the six months ended March 31, 2022, from $87.37 million for the same period in 2021;
- Gross margin grew to 14% for the six months ended March 31, 2022, from 12% for the same period in 2021;
- Operating income decreased by 23% year-over-year to $1.63 million for the six months ended March 31, 2022, from $2.13 million for the same period in 2021;
- Net income was $1.20 million for the six months ended March 31, 2022, compared to $1.45 million for the same period in 2021;
- Earnings per share was $0.11 for the six months ended March 31, 2022, compared to $0.14 for the same period in 2021;
- Cash and cash equivalents grew to $3.53 million at March 31, 2022, from $2.14 million at March 31, 2021.
