Electronic Systems Technology, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 26, 2020 at 04:47 pm EDT
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Electronic Systems Technology, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 202,869 compared to USD 371,915 a year ago. Operating loss was USD 98,270 compared to operating Income of USD 6,259 a year ago. Net loss was USD 95,826 compared to net income of USD 11,769 a year ago. Basic loss per share from continuing operations was USD 0.02. For the nine months, sales was USD 722,333 compared to USD 1.141 million a year ago. Operating loss was USD 305,403 compared to USD 66,540 a year ago. Net loss was USD 288,007 compared to USD 49,275 a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.01 a year ago.
Electronic Systems Technology, Inc. is specialized in the development and manufacturing of digital data (non-voice) radio transceivers for use in industrial wireless networking applications. The Companyâs ESTeem line of products provides communication solutions for harsh environment applications not served or that are underutilized by conventional, commercial grade communication systems. Its products are part of the ESTeem Industrial Wireless Solutions for commercial, industrial, and government arenas both domestically and internationally. ESTeem industrial wireless products provide communication links between computer networks, network enabled devices and mobile devices without cables. It manufactures nine models of the ESTeem industrial wireless modems that operate in frequencies from 150 megahertz (MHz) to 5.8 gigahertz (GHz). The Companyâs product offerings include ESTeem Models, such as 210M, 195M, 195C, 195H, Horizon900, Horizon2.4MIMO, Horizon4.9, Horizon5.8, and Edge900.
ELECTRONIC SYSTEMS TECHNOLOGY, INC. 
