System1(SST) - 2024 Q2 - Quarterly Results

Exhibit 99.1 System1 Announces Second Quarter 2024 Financial Results Above High-End of Guidance All Key Financial Results Above the High-End of Guidance Range • Revenue Increased $9.7 Million Over Prior Quarter to $94.6 Million • Gross Profit Increased 40% Over Prior Quarter to $26.1 Million • Adjusted Gross Profit Increased 24% Over Prior Quarter to $38.8 Million • GAAP Net Loss Increased 152% Over Prior Quarter to $34.8 Million • Adjusted EBITDA Increased $9.5 Million Over Prior Quarter to $9.9 Million • ...