Rego Payment Architectures, Inc. Announces Earnings Results for the Second Quarter Ended June 30, 2021
August 16, 2021 at 04:18 pm EDT
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Rego Payment Architectures, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 740. Operating loss was USD 3.043 million compared to USD 349,978 a year ago. Net loss was USD 3.271 million compared to USD 522,232 a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.01 a year ago. For the half year, sales was USD 1,273. Operating loss was USD 7.437 million compared to USD 889,146 a year ago. Net loss was USD 7.917 million compared to USD 1.268 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to USD 0.02 a year ago.
REGO Payment Architectures, Inc. is a provider of consumer software that delivers a mobile payment platform, Mazoola, which is a family focused mobile banking solution. The Company offers an all-digital financial payments platform to enable minors, particularly under 13 years old, to transact, complete chores and learn in a secure online environment guided by parental permission, oversight, and control. Its platform can be easily duplicated/commoditized, such as the app skin, Application programming interface (APIs) to retailers, APIs to financial infrastructure, and cloud storage. The Mazoola app and associated digital wallet technology is designed to enable partners to engage families with Gen Z and Gen Alpha youths through a money management, transactional and financial literacy platform that enables young people to make smart decisions. It is also analyzing specific components of technology for individual monetization as well as exploring opportunities in the B2B realm.
REGO PAYMENT ARCHITECTURES, INC. 
