TaskUs, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
February 28, 2022 at 04:11 pm EST
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TaskUs, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported net income was USD 19.1 million compared to USD 13.55 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to USD 0.15 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to USD 0.15 a year ago.
For the full year, net loss was USD 58.7 million compared to net income of USD 34.53 million a year ago. Basic loss per share from continuing operations was USD 0.62 compared to basic earnings per share from continuing operations of USD 0.38 a year ago. Diluted loss per share from continuing operations was USD 0.62 compared to diluted earnings per share from continuing operations of USD 0.38 a year ago.
TaskUs, Inc. is a provider of outsourced digital services and customer experience. The Company's global, omni-channel delivery model is focused on providing its clients three key services: Digital Customer Experience (Digital CX), Trust and Safety, and Artificial Intelligence (AI) services. The Company's Digital CX solutions include omni-channel customer care, learning experience, new product or market launches, sales and customer acquisition, and TaskUs Digital CX Consulting. Its Trust and Safety consists of two primary areas of service: content moderation and risk and response. Content moderation pertains to the review and disposition of user and advertiser generated content, which may include removal or labeling of policy violating, offensive or misleading content. The Company's AI services solutions include data annotation that refines large sets of training data for its clients by annotating videos, photos, audio clips and text based on their policy specifications.
TASKUS, INC. 
