Falconstor Software, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 05, 2021 at 02:28 am IST
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FalconStor Software, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 3.258 million compared to USD 3.499 million a year ago. Operating loss was USD 182,713 compared to operating Income of USD 550,180 a year ago. Net loss was USD 349,684 compared to net income of USD 406,558 a year ago. Basic loss per share from continuing operations was USD 0.12 compared to Basic EPS - Continuing Operations of USD 0.00 a year ago. For the half year, total revenue was USD 7.087 million compared to USD 6.679 million a year ago. Operating loss was USD 200,154 compared to operating Income of USD 146,243 a year ago. Net income was USD 75,564 compared to net loss of USD 313,282 a year ago. Basic loss per share from continuing operations was USD 0.13 compared to USD 0.18 a year ago.
FalconStor Software, Inc. is a provider of data protection software with a focus on recovery and backup operations for the hybrid cloud world. The Company enables enterprise customers and managed service providers to secure, migrate, and protect their data while reducing data storage. Its products are offered through and supported by a worldwide network of original equipment manufacturers (OEMs), managed service providers (MSPs), systems integrators, and resellers. Its products are StorSafe, Virtual Tape Library (VTL), Continuous Data Protector (CDP), Network Storage Server (NSS) and StorSight. The Companyâs supporting technologies include RecoverTrac (RecoverTrac) Disaster Recovery Technology and MicroScan (MicroScan) Technology. FalconStor and FalconStor Software are trademarks of the Company in the United States and other countries. Its geographical areas include the Americas, Asia Pacific, and Europe, the Middle East, Africa, and other.
FALCONSTOR SOFTWARE, INC. 
