SRAX, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 31, 2023 at 05:14 pm EDT
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SRAX, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 5.31 million compared to USD 6.89 million a year ago. Net loss was USD 3.82 million compared to USD 3.83 million a year ago. Basic loss per share from continuing operations was USD 0.14 compared to USD 0.1 a year ago. Diluted loss per share from continuing operations was USD 0.14 compared to USD 0.1 a year ago. Basic loss per share was USD 0.14 compared to USD 0.15 a year ago. Diluted loss per share was USD 0.14 compared to USD 0.15 a year ago.
For the nine months, sales was USD 20.53 million compared to USD 18.96 million a year ago. Net loss was USD 23.12 million compared to USD 20.66 million a year ago. Basic loss per share from continuing operations was USD 0.88 compared to USD 0.48 a year ago. Diluted loss per share from continuing operations was USD 0.88 compared to USD 0.48 a year ago. Basic loss per share was USD 0.88 compared to USD 0.91 a year ago. Diluted loss per share was USD 0.88 compared to USD 0.91 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.