Sysorex, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 06, 2020 at 04:20 pm EST
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Sysorex, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 1.438 million compared to USD 970,000 a year ago. Operating income was USD 24,000 compared to operating loss of USD 889,000 a year ago. Net loss was USD 308,000 compared to USD 1.208 million a year ago. Basic loss per share from continuing operations was USD 0.75 compared to USD 3.26 a year ago. For the nine months, total revenue was USD 6.034 million compared to USD 2.520 million a year ago. Operating loss was USD 1.618 million compared to USD 3.946 million a year ago. Net loss was USD 2.620 million compared to USD 4.707 million a year ago. Basic loss per share from continuing operations was USD 6.4 compared to USD 13.26 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. 
