Sysorex, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 14, 2020 at 04:08 pm EDT
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Sysorex, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was USD 2.330 million compared to USD 1.284 million a year ago. Operating loss was USD 797,000 compared to USD 1.319 million a year ago. Net loss was USD 1.151 million compared to USD 1.615 million a year ago. Basic loss per share from continuing operations was USD 2.81 compared to USD 4.73 a year ago. For the half year, total revenue was USD 4.596 million compared to USD 1.550 million a year ago. Operating loss was USD 1.642 million compared to USD 3.057 million a year ago. Net loss was USD 2.312 million compared to USD 3.499 million a year ago. Basic loss per share from continuing operations was USD 5.65 compared to USD 10.29 a year ago.
Sysorex, Inc., through its wholly owned subsidiary, Sysorex Government Services, Inc. (SGS), provides information technology solutions primarily for the public sector. These solutions include cybersecurity, professional services, engineering support, Information technology (IT) consulting, enterprise level technology, networking, wireless, help desk and custom IT solutions. In addition to Sysorex Government Services, Inc., the Company has another wholly owned subsidiary, TTM Digital Assets &Technologies, Inc. (TTM Digital). TTM Digital is a digital asset technology company. It provides its customers with comprehensive solutions incorporating products and services across a variety of technology practices and platforms, such as cyber, cloud, networking, security, and mobility. It utilizes its professional services, consulting services and partners to develop and implement these solutions.
SYSOREX, INC. 
