Cautionary Statement Regarding Forward-Looking Statements

• our assumptions, estimates and beliefs regarding the possible effects of the

COVID-19 pandemic on general economic conditions, public health and consumer

demand, and the Company's results of operations, liquidity, capital resources

and general performance in the future;

• our ability to obtain financing, including the possible impact of COVID-19 and

the limitations in the Revenue Sharing Agreement;

• our limited cash and our history of losses;

• our ability to achieve profitability;

• our ability to continue as a going concern;

• whether we obtain market acceptance and effectively commercialize our products;

• the adequacy of protections afforded to us by the patents that we own and the

cost of maintaining, enforcing and deeding our patents;

• receiving an unfavorable ruling in our current litigation proceedings, which

• changes in economic, competitive, governmental, technological and other factors

that may affect our business (including component costs) and prospects;

• our success at managing the risks involved in the foregoing items; and

• other factors discussed in this report and our other filings with the SEC.

(a) The approximate $12,000 decrease in revenues from automotive array microphone

products for the three months ended March 31, 2022, as compared to the same

period in 2021, is the result of timing of sales to integrators of public

safety and mass transit vehicle solutions.

(b) The approximate $77,000 increase in revenues from OEM array microphone

products for the three months ended March 31, 2022, as compared to the same

period in 2021, is primarily the result of sales to new customers that are

integrating our commercial product audio solutions.

(c) The decrease of approximately $27,000 in customized digital products revenue

for the three months ended March 31, 2022, as compared to the same period in

(d) The increase of approximately $48,000 in revenues of all other Andrea DSP

Microphone and Audio Software Products for the three months ended March 31,

2022, as compared to the same period in 2021, is primarily the result of

increased revenues of speaker and amplifier kits, a new addition to our

General, Administrative and Selling Expenses

The cash provided by financing activities of $70,000 reflects the proceeds from long-term notes.

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