Infinite Group, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 11, 2020 at 10:16 am EDT
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Infinite Group, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was USD 1.899 million compared to USD 1.687 million a year ago. Operating income was USD 55,298 compared to USD 99,713 a year ago. Net loss was USD 6,062 compared to net income of USD 35,036 a year ago.
Infinite Group, Inc. is a developer of cybersecurity software and related cybersecurity consulting, advisory, and managed information security services. The Company's cybersecurity services include Chief Information Security Team as a Service (CISOTaaS), PenLogic penetration testing services, security assessments, incident response and others, and are provided through its channel partners and direct-to-end customers. Its Nodeware is a patented software-as-a-service (SaaS) solution that automates network asset identification, and cybersecurity vulnerability management and monitoring. Its Webroot is a cloud-based endpoint security platform solution, it markets to and provides support for approximately 225 small channel partners across North America. It sells its software and services through indirect channels such as managed service providers (MSPs), managed security services providers (MSSPs), agents and distributors, and government contractors.