Paid, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
March 31, 2021 at 05:04 pm EDT
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PAID, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was USD 12.920 million compared to USD 10.548 million a year ago. Operating loss was USD 2.131 million compared to USD 712,033 a year ago. Net loss was USD 2.232 million compared to net income of USD 282,011 a year ago. Basic loss per share from continuing operations was USD 0.41 compared to basic earnings per share from continuing operations of USD 0.06 a year ago. Diluted loss per share from continuing operations was USD 0.41 compared to diluted earnings per share from continuing operations of USD 0.05 a year ago.
PAID, Inc. is engaged in developing software as a service (SaaS) based business services, including PaidPayments, PaidCart, PaidShipping and PaidWeb. These solutions are developed to provide businesses with a streamlined experience for Website creation, online sales, payment collection and shipping all in one platform. Its segments include Client services, Merchant processing services, Shipping coordination and label generation services, and Corporate operations. Its ShipTimeâs platform provides its members with the ability to quote, process, track and dispatch shipments while getting preferred rates on packages and skidded less than truckload (LTL) freight shipments throughout North America and around the world. Its BeerRun Software is a brewery management and alcohol and tobacco tax and trade bureau tax reporting software. Its platform includes a range features, such as mobile editing, search engine optimization, collaboration tools, and pre-designed templates.
PAID, INC. 
