BM Technologies Non-GAAP EPS of -$0.35, revenue of $12.99M misses by $5.34M

• BM Technologies press release (NYSE:BMTX): Q2 Non-GAAP EPS of -$0.35.
• Revenue of $12.99M (-43.5% Y/Y) misses by $5.34M.
• Outlook: For the second half of 2023, the Company expects to generate positive Core EBITDA¹ and operating cash flow inclusive of the effect of the delayed transfer of our Higher Education customer deposits and the continued challenging economic and interest rate environment.
• The Company will continue to provide updates to its 2023 outlook in its future earnings releases, particularly as it relates to business execution for the anticipated transfer of our Higher Education deposits from Customers Bank to FCB.

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