System1 Inc reports results for the quarter ended March 31 - Earnings Summary
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System1 Inc reported a quarterly adjusted loss of 21 cents per share for the quarter ended March 31, compared to a loss of 16 cents per share in the same quarter last year. Revenue decreased by 12.3% to $74.51 million. Analysts had expected a loss of 35 cents per share and revenue of $69.87 million. The company reported a total loss of $15.88 million. Despite a quarterly share rise of 8.1%, shares have fallen 54.1% this year. The average analyst rating remains "buy" with a 12-month price target of $5.00.
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