CEA Industries Inc. Common Stock Q4 FY2021 earnings call

• Changed company name from Surna Inc. to CEA Industries, Inc. and subsidiary to Surna Cultivation Technologies to better reflect capabilities. - Three strategic pillars: pursue aggressive organic growth, seek strategic relationships/mergers acquisitions, uplist to NASDAQ. - Organic growth strategy includes new markets (non-cannabis controlled environment agriculture), new products/services (expanded from environmental control to more CEA technical infrastructure), and architectural design services to engage with customers earlier. - Core expertise in engineering environmental controls of CEA facilities, with knowledge of primary components aiding in strategic decisions.

In 2021, revenue was $13.6 million, a 60% increase over 2020. Net bookings more than doubled compared to 2020, with the second half of 2021 net bookings at $9.6 million, the highest in the company's history and a 22% increase from 2020. Gross profit margin in 2021 was 21.5% compared to 18.2% in 2020. As of December 31, 2021, cash position was $2.16 million, but after the $24 million capital raise in February 2022, cash equivalents as of March 15, 2022, were approximately $21 million.

• Management has not historically provided guidance and does not currently offer any forward-looking guidance. - They do periodically provide press releases on recently completed contracts.

• Forward-looking statements are subject to uncertainties, and actual results could differ materially from those expressed. Risk factors are set forth in the Form 10-K filed with the SEC.

Q: Can you talk about some of the potential acquisitions and timing of those acquisitions that you'd be contemplating?

A: I really couldn't speak to that directly other than to say we have these firmly in mind and are doing everything we can to fulfill our strategic objective of growing our platform. We have stated in public filings there are opportunities internationally, and we've long operated in Canada with interest in pursuing opportunities outside North America at some stage.

Q: Do you know what the cash value per share is?

A: The cash value per share is $2.66