Gulf West Security Network, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 19, 2020 at 12:16 pm
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Gulf West Security Network, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was USD 3,488 compared to USD 3,363 a year ago. Operating loss was USD 204,359 compared to USD 160,146 a year ago. Net loss was USD 337,482 compared to USD 210,891 a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.04 a year ago. For the half year, total revenue was USD 6,187 compared to USD 7,232 a year ago. Operating loss was USD 328,549 compared to USD 431,827 a year ago. Net loss was USD 429,290 compared to USD 432,060 a year ago. Basic loss per share from continuing operations was USD 0.07 compared to USD 0.1 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.