ARCpoint Inc. provided preliminary earnings guidance for the third quarter and year to date ending September 30, 2022. For the quarter, the company anticipated total revenue to be around $1.7 million compared to $4.8 million for the three months ended September 30, 2021 and Net loss is anticipated to be around $1.9 million compared to the net income of $1.3 million for the three months ended September 30, 2021.
For the year to date, the company expects 9.6 million in total revenues for the nine months ended September 30, 2022 compared to $13.3 million for the nine months ended September 30, 2021 and $2.2 million in net loss for nine months ended September 30, 2022 compared to the net income of $4.2 million for the nine months ended September 30, 2021.