Wejo reports 2022 EPS ($1.58) vs. ($5.00) last year

Reports revenue $8.4M vs. $2.6M last year. Richard Barlow, Founder and Chief Executive Officer said, "Wejo delivered an outstanding year operationally, accomplishing the objectives we set out in 2022, including growth in key KPIs, expansion into new products and services and continued strong revenue growth, despite significant cost reductions. We expect these trends to continue into 2023 with revenue projected to grow almost 200% at the mid-point of our guidance and additional cost reductions expected to improve our Adjusted EBITDA, which we believe will allow us to pull forward our cash-flow breakeven point to mid-2024."