WaveDancer, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 22, 2022 at 02:31 am IST
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WaveDancer, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 2.31 million compared to USD 4.3 million a year ago. Net loss was USD 4.7 million compared to USD 0.095527 million a year ago. Basic loss per share from continuing operations was USD 2.6 compared to USD 0.1 a year ago. Diluted loss per share from continuing operations was USD 2.6 compared to USD 0.1 a year ago.
For the nine months, revenue was USD 9.62 million compared to USD 12.45 million a year ago. Net loss was USD 8.3 million compared to net income of USD 0.218445 million a year ago. Basic loss per share from continuing operations was USD 4.7 compared to basic earnings per share from continuing operations of USD 0.2 a year ago. Diluted loss per share from continuing operations was USD 4.7 compared to diluted earnings per share from continuing operations of USD 0.2 a year ago.
WaveDancer, Inc. is engaged in developing and maintaining information technology (IT) systems, modernizing client information systems, and performing other IT-related professional services to government and commercial organizations. The Company is focused on enterprise IT solutions primarily relating to system modernization, cloud-based solutions and cybersecurity protection. The Company primarily applies its technology and services to legacy software migration and modernization, developing Web-based and mobile device solutions, including dynamic electronic forms development and conversion and data analytics. Its subsidiary is Tellenger, Inc.