09:39 AM EST - Standard Mercantile Acquisition Corp. : Released its financial results for the quarter ended March 31, 2022. Income from operations for the quarter was higher than same quarter last year due to lower revenue of $69,000 compared to same period last year, as a result of reduced mortgage portfolio as the mortgage monetization strategy continues, offset by lower expenses related to share-based compensation expense of $55,000 and lower general and administrative expenses of $29,000 compared to same period last year. Basic income per share from the three months ended March 31, 2022 was $0.01 compared to $0.01 in the same period in 2021. Standard Mercantile Acquisition Corp.
shares T.SMA are trading unchanged at $1.26.
