Sysorex, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 04:29 pm EST
Share
Sysorex, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 3.46 million compared to USD 1.87 million a year ago. Net loss was USD 1.07 million compared to USD 4.7 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to basic loss per share from continuing operations of USD 37 a year ago. Diluted earnings per share from continuing operations was USD 0.1 compared to diluted loss per share from continuing operations of USD 37 a year ago.
For the nine months, revenue was USD 12.03 million compared to USD 3.88 million a year ago. Net loss was USD 11.1 million compared to USD 29.23 million a year ago. Basic loss per share from continuing operations was USD 31 compared to USD 262 a year ago. Diluted loss per share from continuing operations was USD 31 compared to USD 262 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.