Twelve Months 2021 Financial Highlights (all comparisons to prior year period unless otherwise noted)
- Total revenues increased 8.1% to $15.0 million, compared with $13.9 million.
- Professional fees increased 91.6% to $10.6 million up from $5.5 million.
- Gross profit expanded significantly, increasing to $3.6 million, compared with $2.2 million; gross margin expanded to 24.1%; higher-margin professional fees accounted for 70.5% of revenues.
- Net loss of $(1.1) million, compared with net income of $0.4 million as our gross margin growth was more than offset by our investments in SG&A.
- Adjusted EBITDA1 of $0.4 million, compared with $0.5 million, notwithstanding significant SG&A investments
