Grow Capital, Inc. Reports Earnings Results for the Third Quarter Ended March 31, 2020
May 19, 2020 at 05:01 pm EDT
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Grow Capital, Inc. announced earnings results for the third quarter ended March 31, 2020. For the third quarter, the company announced total revenue was USD 565,314 compared to USD 335,168 a year ago. Operating loss was USD 606,099 compared to USD 239,758 a year ago. Net loss was USD 613,379 compared to USD 271,146 a year ago. For the nine months, total revenue was USD 1.927 million compared to USD 545,752 a year ago. Operating loss was USD 1.712 million compared to USD 714,908 a year ago. Net loss was USD 1.243 million compared to USD 743,549 a year ago. Basic loss per share was USD 0.01 compared to USD 0.01 a year ago.
Grow Capital, Inc. is a software, technology and financial services holding company. The Company identifies, acquires, and incubates upstarts in the financial technology sector (FinTech) to provide its shareholders access to investment opportunities in small and medium-sized businesses. The Companyâs segments include Bombshell Technologies and Corporate, PERA and Appreciation. Bombshell Technologies and Corporate segment provides software which delivers customized back-office compliance, multi-pay commission processing, and new client application submission system, along with digital engagement marketing services centric to financial services. PERA segment provides leads for insurance agents to connect retirement professionals and public employees to trusted insurance advisors. Appreciation segment provides full-service retirement planning. The Companyâs subsidiaries include Resort at Lake Selmac, Inc. and Bombshell Technologies, Inc.
GROW CAPITAL, INC. 
