Beyond Commerce, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 17, 2020 at 02:54 am IST
Share
Beyond Commerce, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 983,155 compared to USD 1.184 million a year ago. Operating loss was USD 671,801 compared to USD 451,517 a year ago. Net loss was USD 7.725 million compared to net income of USD 1.808 million a year ago. For the nine months, sales was USD 3.012 million compared to USD 2.862 million a year ago. Operating loss was USD 1.933 million compared to USD 1.323 million a year ago. Net loss was USD 10.285 million compared to USD 7.113 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
Beyond Commerce, Inc. is primarily focused on the acquisition of big data companies in the business-to-business (B2B) Internet marketing analytics, technologies, and services. The Company is engaged in developing and deploying disruptive strategic software technology that will build on the organic growth potential and exploit cross-selling opportunities. The Company provides solutions that facilitate the exchange of information and data transactions between supply chain participants, such as manufacturers, retailers, distributors, and financial institutions, with the focus of automating potential client internal processes. The Company intends to offer services and solutions, such as content services, business process management, customer experience management, discovery, business network, and analytics.