SRAX, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 28, 2023 at 04:06 pm EDT
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SRAX, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 7.72 million compared to USD 7.16 million a year ago. Net loss was USD 23.03 million compared to USD 5.74 million a year ago. Basic loss per share from continuing operations was USD 0.88 compared to USD 0.17 a year ago. Basic loss per share was USD 0.88 compared to USD 0.25 a year ago.
For the six months, sales was USD 15.22 million compared to USD 12.08 million a year ago. Net loss was USD 19.3 million compared to USD 16.83 million a year ago. Basic loss per share from continuing operations was USD 0.74 compared to USD 0.38 a year ago. Basic loss per share was USD 0.74 compared to USD 0.78 a year ago.
SRAX Inc. is a technology company, which is focused on enhancing communications between public companies and their shareholders and investors. The Company operates through a single segment, which consists of two distinct business units. The Sequire business unit includes the licensing of the Companyâs proprietary software-as-a-service (SaaS) platform and associated data analysis technologies, consumer and investor targeted marketing solutions. Sequire provides users with various features, which allows issuers to track their shareholdersâ behaviors and trends, then use data-driven insights to engage with shareholders across marketing channels. LD Micro business unit is engaged in the business of hosting events and conferences for microcap public companies. LD Micro organizes and hosts investor conferences within the micro and small-cap markets, and plans to create several more niche events for the investor community.