- Oriental Culture press release ( NASDAQ: OCG ): 1H GAAP EPS of $0.27.
- Revenue of $17.05M (-30.3% Y/Y).
- Gross margin was 93.7% for the six months ended June 30, 2022, compared with a gross margin of 94.3% for the six months ended June 30, 2021.
- As of June 30, 2022, the Company had approximately $40.6 million in cash and short term investment. With approximately $16.8 million cash and investment being frozen as mentioned above, the Company still had approximately $23.7 million in cash and approximately $0.6 million from IPO proceeds escrow account which is expected to be returned to the Company in January 2023.
- The Company’s working capital was approximately $24.3 million at June 30, 2022, excluding the funds that was frozen.
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Oriental Culture GAAP EPS of $0.27, revenue of $17.05M