Sysorex, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 04:25 pm EDT
Share
Sysorex, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 1.64 million compared to USD 3.54 million a year ago. Net loss was USD 3.92 million compared to USD 7 million a year ago. Basic loss per share from continuing operations was USD 1.53 compared to USD 14 a year ago. Diluted loss per share from continuing operations was USD 1.53 compared to USD 14 a year ago.
For the six months, revenue was USD 5.72 million compared to USD 8.57 million a year ago. Net loss was USD 5.79 million compared to USD 10.03 million a year ago. Basic loss per share from continuing operations was USD 1.93 compared to USD 33 a year ago. Diluted loss per share from continuing operations was USD 1.93 compared to USD 33 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.