Aug. 18 at 1:48 AM
$CISO 2 Qtr Positives:
EPS improved 55.6% YoY — Loss per share narrowed from roughly -
$0.09 to -
$0.04, a significant improvement in profitability trajectory.
Net income improved 46.4% YoY — Net loss narrowed to -
$1.6M vs. a larger loss in the prior year period.
Operating loss improved 36.2% YoY — Operating loss narrowed to -
$1.49M, with operating margin improving ~902 basis points YoY.
Net margin expanded ~1,699 bps YoY — Net margin improved to -27.8% from a much deeper loss margin a year ago.
Operating cash flow nearly breakeven — Net cash used in operations was only -
$68.6K, a dramatic improvement of ~97% YoY.
Gross margin held stable — Gross margin was ~24.6%, essentially flat YoY (+18 bps), showing cost discipline.
Revenue declined 13.7% YoY to
$5.79M — top-line contraction remains the primary concern, even as the company is clearly cutting losses and improving margins.
So close… hope this new team can perform. Communication with retail is key. Dave, This is the Nasdaq!
