CynergisTek (CTEK) Tops Q1 EPS by 4c

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Go back to CynergisTek (CTEK) Tops Q1 EPS by 4c

CynergisTek Files First Quarter 2022 Financial Results

May 16, 2022 4:01 PM EDT

AUSTIN, Texas--(BUSINESS WIRE)-- CynergisTek, Inc. (NYSE AMERICAN: CTEK) (the Company or CynergisTek), a leader in cybersecurity, privacy, and compliance, today announced financial results for the three months ended March 31, 2022.

First Quarter Summary of Financial Results for Q1 2022 compared to Q1 2021:

Revenue increases 12% to $4.7 million compared to $4.2 million. Gross margin improves to 40% compared to 38%, after adjusting Q1 2021 for the employee retention credits. Net loss was unchanged at $0.9 million. Adjusted EBITDA loss was unchanged at $0.6 million.

First Quarter 2022 Operational Highlights

22%... More