Paid, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 16, 2021 at 04:25 pm EDT
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PAID, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 4.015 million compared to USD 3.218 million a year ago. Operating loss was USD 29,808 compared to operating Income of USD 92,214 a year ago. Net loss was USD 30,364 compared to net income of USD 105,409 a year ago. Basic eps - continuing operations was USD 0 compared to USD 0.02 a year ago. For the half year, sales was USD 7.528 million compared to USD 5.894 million a year ago. Operating loss was USD 209,141 compared to USD 20,528 a year ago. Net loss was USD 210,097 compared to USD 7,833 a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.01 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. 
