FalconStor Software, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 03, 2022 at 05:05 pm EDT
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FalconStor Software, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 2.39 million compared to USD 3.26 million a year ago. Net loss was USD 0.931226 million compared to USD 0.3623 million a year ago. Basic loss per share from continuing operations was USD 0.18 compared to USD 0.12 a year ago. Diluted loss per share from continuing operations was USD 0.18 compared to USD 0.12 a year ago.
For the six months, revenue was USD 4.44 million compared to USD 7.09 million a year ago. Net loss was USD 2.04 million compared to net income of USD 0.045995 million a year ago. Basic loss per share from continuing operations was USD 0.39 compared to USD 0.13 a year ago. Diluted loss per share from continuing operations was USD 0.39 compared to USD 0.13 a year ago.
FalconStor Software, Inc. is a provider of data protection software with a focus on recovery and backup operations for the hybrid cloud world. The Company enables enterprise customers and managed service providers to secure, migrate, and protect their data while reducing data storage. Its products are offered through and supported by a worldwide network of original equipment manufacturers (OEMs), managed service providers (MSPs), systems integrators, and resellers. Its products are StorSafe, Virtual Tape Library (VTL), Continuous Data Protector (CDP), Network Storage Server (NSS) and StorSight. The Companyâs supporting technologies include RecoverTrac (RecoverTrac) Disaster Recovery Technology and MicroScan (MicroScan) Technology. FalconStor and FalconStor Software are trademarks of the Company in the United States and other countries. Its geographical areas include the Americas, Asia Pacific, and Europe, the Middle East, Africa, and other.
FALCONSTOR SOFTWARE, INC. 
