Route1 Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 26, 2021 at 02:18 am IST
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Route1 Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was CAD 6.337 million compared to CAD 6.968 million a year ago. Operating income was CAD 271,437 compared to CAD 69,302 a year ago. Net income was CAD 460,781 compared to net loss of CAD 60,101 a year ago. Basic earnings per share from continuing operations was CAD 0.01. For the half year, total revenue was CAD 12.949 million compared to CAD 13.331 million a year ago. Operating income was CAD 492,739 compared to operating loss of CAD 7,781 a year ago. Net income was CAD 598,698 compared to net loss of CAD 242,952 a year ago. Basic earnings per share from continuing operations was CAD 0.02 compared to basic loss per share from continuing operations of CAD 0.01 a year ago.
Route1 Inc. is a technology company that enables its clients with data-centric solutions. The Company brings security and operations together with real-time actionable intelligence to enhance safety and security. The Company has a background in software development, network operations, and cybersecurity. It provides advanced data in a usable format from video capture technologies to enhance safety and security and improve operational efficiency. Its solutions include enterprise solutions, smart communities and turn-key engineering services. Its AutoVu ALPR (advanced license plate recognition), manages its parking lots with pay-by-plate technologies. Its surveillance and video intelligence technology includes Omnicast, Stratocast, Body-worn cameras, In-Car Video and Synergis Access Control. Its Security Center Synergis IP access control connects to third-party access control devices. Its services include advisory and analysis, project management, design and engineering, and others.