Total revenues for the first half of 2023 are approximately $21.5 million, representing a 132.1% increase over revenues of $9.3 million for the comparable period in 2022. Gross profit grew to approximately $2.4 million, up 84.8% from $1.3 million in the comparable period in 2022. Total cash and equivalents as of June 30, 2023 were $3.3 million, compared to $2.7 million as of June 30, 2022. “We delivered a solid second quarter revenue and gross profit performance, underpinned by the strength in both of our business segments,” said Max Munn, CEO of Applied UV. “Our second quarter results demonstrated a good balance of topline performance and a significant reduction in net loss from the first quarter of 2023. Applied UV has excellent products and position driving large and growing markets and we remain focused on sustainable, profitable growth.”
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