Infinite Group, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 02:13 pm EST
Share
Infinite Group, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 1.844 million compared to USD 1.819 million a year ago. Operating loss was USD 3,275 compared to USD 24,791 a year ago. Net loss was USD 108,848 compared to USD 93,071 a year ago. For the nine months, sales was USD 5.447 million compared to USD 5.286 million a year ago. Operating income was USD 29,159 compared to USD 117,773 a year ago. Net loss was USD 187,735 compared to USD 93,896 a year ago. Basic loss per share from continuing operations was USD 0.01.
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.
INFINITE GROUP, INC. 
