Iota Communications, Inc. Reports Earning Results for the Six Months Ended November 30, 2019
January 23, 2020 at 02:03 am IST
Iota Communications, Inc. reported earning results for the fiscal 2020 six months ended November 30, 2019. For the period, revenue for the first six months of fiscal year 2020 was $1,015,566, a 15% increase compared to revenue of $885,665 in the first six months of fiscal 2019, company realized a one-time gain on the settlement of past due lease obligations in the second quarter, which resulted in a positive operating income for the first six months of fiscal 2020 of $1,980,539 versus an operating loss of $25,484,682 for the first six months of fiscal 2019. Net loss per share was $0.01 per share in the first six months of fiscal 2020 versus a loss of $0.18 per share in the first six months of fiscal 2019.