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Otonomo Technologies Q3 Revenue $2M

Benzinga · 11/16/2022 08:08
  • Revenue for the third quarter 2022 was $2.0 million compared to $0.2 million for the third quarter 2021.
  • GAAP operating loss for the third quarter 2022 was $37.0 million, including an impairment charge of $26.3 million for writing off all Goodwill and Intangible assets related to acquisitions made in the past, compared to $0 million for the third quarter 2021.
  • Non-GAAP operating loss* for the third quarter 2022 was $13.4 million compared to a non-GAAP operating loss of $9.1 million for the third quarter 2021.
  • Cash and cash equivalents, short term investments, restricted cash and long-term deposits as of September 30, 2022, were $155.5 million.