Discontinued Operations

6 Months Ended

Jun. 30, 2023

Discontinued Operations

Discontinued Operations

2. Discontinued Operations

The Company, upon Board approval on September 15, 2022, discontinued (i.e., the “discontinued operations”) the Parade print business (“Parade Print”) that was acquired on April 1, 2022 (as part of the Parade acquisition, as further described below in Note 3), on November 13, 2022 (the last date of any obligation to deliver issues of Parade Print).

The table below sets forth the loss from discontinued operations for the period from April 1, 2022 to June 30, 2022:

Revenue	$	11,323
Cost of revenue		9,106
Gross profit		2,217
Operating expense:
Selling and marketing		1,825
General and administrative		1,130
Total operating expenses		2,955
Loss from discontinued operations		(738	)
Income tax benefit		55
Net loss from discontinued operations	$	(683	)

The discontinued operations of Parade Print also included Relish and Spry Living print products that were acquired as part of the Parade acquisition. Further information is provided under the heading Supplemental Pro Forma Information in Note 3 and in Note 16.