Why did HUBC's Q4 2021 earnings report show no surprise?

Hub Cyber Security's (HUBC) Q4 2021 earnings report likely did not surprise the market for several reasons:

1. **Financial Performance**: The company reported a net loss of $13.62 million and no revenue figures were provided, which suggests a significant decline in financial performance. However, the market may have anticipated such a decline given the challenging cybersecurity landscape and competitive pressures in the industry.

|code|Ticker|Name|Date|Total Revenue|Net Income|Diluted EPS|market_code|
|---|---|---|---|---|---|---|---|
|HUBC|HUBC.O|Hub Cyber Security|2021 Q1||-4500||185|
|HUBC|HUBC.O|Hub Cyber Security|2021 Q2||-117||185|
|HUBC|HUBC.O|Hub Cyber Security|2021 Q3||-1400|0|185|
|HUBC|HUBC.O|Hub Cyber Security|2021 Q4|3.252E7|-1.3616983E7||185|

2. **Market Expectations**: The lack of surprise may also be attributed to the market's expectations. Analysts may have adjusted their forecasts to reflect the current market conditions and company-specific factors, leading to no significant surprises in the earnings report.
3. **Industry Trends**: The cybersecurity industry is highly dynamic, with constant threats and evolving technologies. Hub Cyber Security's performance may reflect broader industry trends rather than company-specific issues, which could have reduced the surprise factor of the earnings report.
4. **Lack of Analyst Coverage**: The absence of available data on HUBC's average analyst price target and consensus rating makes it difficult to assess market expectations. Without this information, it is challenging to determine if the earnings report met or exceeded market expectations.

In conclusion, the lack of surprise in HUBC's Q4 2021 earnings report can be attributed to a combination of the company's financial performance, market expectations, industry trends, and the lack of analyst coverage.