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Adjusted EBITDA was $19.5 million, a decline of 26.1% compared to Adjusted EBITDA of $26.5 million in the second quarter of 2022.
As of June 30, 2023, Neo had cash and cash equivalents of $126.9 million plus restricted cash of $3.3 million, compared to $147.5 million plus $1.2 million as at December 31, 2022.