Recent Company Highlights
- Revenues increased 35% year-over-year to
$5.4 million in the first six months of 2022 - Achieved positive net income of
$274 thousand in the second quarter of 2022 compared to a net loss of$152 thousand in the prior year quarter
Management Commentary
“The significant increase in year-to-date revenue and positive net income in the second quarter is a reflection of the significant transformation that LTBH has undergone over the last year,” said
“We have worked diligently to build strength in our business model as demonstrated by our operating performance and outlook”, said
Outlook
As previously indicated, LTBH’s revenue cycle is expected to increase substantially in the third and fourth quarters of 2022. The Company is reaffirming its 2022 outlook of doubling its 2021 revenue to
About
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this release that do not relate to matters of historical fact should be considered forward-looking statements, including statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate” and similar statements of a future or forward-looking nature. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update or revise any forward-looking statements for any reason, except as required by law.
Company Contact:
IR@LTBH.com
Investor Relations:
+1 949-546-6326
LTBH@mzgroup.us
Source:
2022 GlobeNewswire, Inc., source