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AUVI - Applied UV GAAP EPS of -$0.16 in-line revenue of $3.36M misses by $0.35M
Applied UV Inc.
Applied UV press release (NASDAQ:AUVI): Q1 GAAP EPS of -$0.16 in-line. Revenue of $3.36M (+45.5% Y/Y) misses by $0.35M. Gross profit as a percentage of sales decreased approximately 5.8% from 40.0% in Q1 of 2021 to 34.2% in Q1 of 2022. The company had ~$7.1M of unrestricted cash available on its consolidated balance sheet as of March 31, 2022.