Akerna (NASDAQ: KERN) reported on Monday its unaudited financial results for the third quarter, which ended September 30, 2022.
The company saw a “double-digit growth in reported software sales for the quarter,” Jessica Billingsley, CEO of Akerna, said.
The Denver-based company also implemented aggressive cost control measures throughout the year resulting in the narrowing of its adjusted EBITDA losses.
“We continue to focus our resources on building a stable and sustainable financial model at Akerna, and we are well-positioned for future growth,” Billingsley continued.
Q3 2022 Financial Highlights
- Software revenue was $5.3 million, up 17% year-over-year.
- Total revenue was $5.4 million, up 5% year-over-year.
- Gross profit of $3.4 million, or 62% of total revenues, …