Gulf West Security Network, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 14, 2019 at 05:30 pm
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Gulf West Security Network, Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced total revenue was USD 3,363 compared to USD 4,183 a year ago. Operating loss was USD 160,146 compared to USD 123,799 a year ago. Net loss was USD 210,891 compared to USD 123,799 a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.03 a year ago. For the half year, total revenue was USD 7,232 compared to USD 9,168 a year ago. Operating loss was USD 431,827 compared to USD 207,307 a year ago. Net loss was USD 432,060 compared to USD 207,307 a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to basic loss per share from continuing operations of USD 0.05 a year ago.
Gulf West Security Network, Inc., is engaged in providing residential and commercial electronic security, home automation, and systems integration services on both a retail and wholesale basis. The Companyâs retail division, which includes its wholly owned subsidiary LJR Security Services, Inc., is engaged in the hands-on design, engineering, sales, installation, after-market servicing, inspection, and remote electronic monitoring of home burglar, fire, and medical alarm systems, as well as fully integrated business security and automation systems. Its wholesale division, which operates under the name Gulf West Security Network, is engaged in the development and expansion of a coalition of independently branded life safety and property protection providers, fire alert and suppression system installers, electronic remote monitoring and video surveillance specialists, smart home designers, commercial systems integrators, structured wiring professionals, and electrical contractors.