Gulf West Security Network, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 19, 2021 at 05:21 pm EDT
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Gulf West Security Network, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 2,757 compared to USD 3,488 a year ago. Operating loss was USD 98,610 compared to USD 204,359 a year ago. Net loss was USD 66,446 compared to USD 337,482 a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.05 a year ago. For the half year, total revenue was USD 5,298 compared to USD 6,187 a year ago. Operating loss was USD 210,526 compared to USD 328,549 a year ago. Net loss was USD 205,029 compared to USD 429,290 a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.07 a year ago.
Gulf West Security Network, Inc. is engaged in providing residential and commercial electronic security, home automation, and systems integration services on a both retail and wholesale basis. The Company's retail division is engaged in the hands-on design, engineering, sales, installation, after-market servicing, inspection, and remote electronic monitoring of home (residential) burglar, fire, and medical alarm systems as well as fully integrated business (commercial) security and automation systems. Its wholesale division is engaged in the development and expansion of coalition (alliance or network) of independently branded life safety and property protection providers, fire alert and suppression system installers, electronic remote monitoring and video surveillance specialists, smart home designers, commercial systems integrators, structured wiring professionals and electrical contractors.