VOTI Detection Inc. provided earnings guidance for the second quarter of 2022. This update is necessitated by the fact that the softness experienced in the first quarter of fiscal 2022, primarily related to the impact of the Omicron variant and the resulting slower than expected recovery from the pandemic, has extended into the second quarter. The timing of a return to more normal markets remains uncertain at this time.

As a result, second quarter revenues are expected to fall below the expected $6 million level to a range of between $4.575 million and $4.7 million. At the same time, the company has experienced an erosion in its gross margins, with gross margins in the second quarter expected to range between 25.5% and 27%.