Profound(PROF) - 2023 Q1 - Quarterly Report

EXHIBIT 99.1 G&A expenses for the 2022 fourth quarter decreased by 35% to approximately $2.1 million, compared with approximately$3.2 million in the same period in 2021, due to lower salaries and benefits, consulting fees, share based compensation, rent, software, insurance and other expenses. Fourth quarter 2022 S&D expenses decreased by 27% to approximately $1.7 million, compared with$2.3 million in the fourth quarter of 2021. This was driven by lower salaries and benefits, consulting fees and share bas ...