- System1 press release (NYSE:SST): Q4 GAAP Net Loss Decreased 2% Over Prior Quarter to $25 million
- Revenue of $96.1M (-31.4% Y/Y) misses by $2.1M.
- Sold subscription business segment for $240 million of gross cash and the retirement of approximately 29.1M Class A shares.
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The Company expects for the first quarter of 2024:
- Revenue between $82 million and $84 million.
- Gross Profit between $15 million and $17 million.
- Adjusted Gross Profit between $28 million and $30 million.
- Adjusted EBITDA between $(2) million and $(1) million.