Spyr, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 16, 2020 at 04:37 pm EST
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SPYR, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 1,000 compared to USD 18,000 a year ago. Operating loss was USD 223,000 compared to USD 253,000 a year ago. Net loss was USD 318,000 compared to USD 247,000 a year ago. For the nine months, total revenue was USD 189,000 compared to USD 104,000 a year ago. Operating loss was USD 662,000 compared to USD 1.040 million a year ago. Net loss was USD 862,000 compared to USD 1.226 million a year ago.
SPYR, Inc. (SPYR) is a diversified technology company focused on the Internet of Things (IoT). The Company, through its subsidiary, GeoTraq Inc., develops and manufactures fully self-contained, ultra-small Mobile mobile IoT modules, namely Tracker-M modules for asset tracking and location-based services, and Sensor-M modules used for remote monitoring. Its subsidiary under the GeoTraq label, offers the ultra-small tracker that allows customers to deploy tracking and monitoring devices within the IoT. The Company continues to identify and target acquisitions that shall grow its footprint in the industry and expand the products it offers consumers, including companies developing artificial intelligence (AI) and smart technology products.
SPYR, INC. 
