Electronic Systems Technology, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 01, 2020 at 01:41 am IST
Share
Electronic Systems Technology, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 245,497 compared to USD 395,262 a year ago. Operating loss was USD 93,363 compared to USD 12,086 a year ago. Net loss was USD 81,875 compared to USD 6,219 a year ago. Basic loss per share from continuing operations was USD 0.02. For the half year, sales was USD 519,464 compared to USD 769,428 a year ago. Operating loss was USD 207,132 compared to USD 72,799 a year ago. Net loss was USD 192,181 compared to USD 61,044 a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.01 a year ago.
Electronic Systems Technology, Inc. is specialized in the development and manufacturing of digital data (non-voice) radio transceivers for use in industrial wireless networking applications. The Companyâs ESTeem line of products provides communication solutions for harsh environment applications not served or that are underutilized by conventional, commercial grade communication systems. Its products are part of the ESTeem Industrial Wireless Solutions for commercial, industrial, and government arenas both domestically and internationally. ESTeem industrial wireless products provide communication links between computer networks, network enabled devices and mobile devices without cables. It manufactures nine models of the ESTeem industrial wireless modems that operate in frequencies from 150 megahertz (MHz) to 5.8 gigahertz (GHz). The Companyâs product offerings include ESTeem Models, such as 210M, 195M, 195C, 195H, Horizon900, Horizon2.4MIMO, Horizon4.9, Horizon5.8, and Edge900.
ELECTRONIC SYSTEMS TECHNOLOGY, INC. 
