Communications Systems, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
March 30, 2021 at 05:15 pm EDT
Communications Systems, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the year, the company announced sales was USD 42.575 million compared to USD 50.906 million a year ago. Operating loss was USD 2.697 million compared to operating Income of USD 9,214 a year ago. Net loss was USD 171,658 compared to net income of USD 6.469 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to basic earnings per share from continuing operations of USD 0.7 a year ago. Diluted loss per share from continuing operations was USD 0.02 compared to diluted earnings per share from continuing operations of USD 0.69 a year ago. For the quarter, sales was USD 11.675 million compared to USD 15.363 million a year ago. Operating loss was USD 133,437 compared to operating Income of USD 1.188 million a year ago. Net loss was USD 3,135 compared to net income of USD 1.717 million a year ago. Basic eps - continuing operations was USD 0 compared to USD 0.19 a year ago. Diluted eps - continuing operations was USD 0 compared to USD 0.18 a year ago.