Gulf West Security Network, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 14, 2019 at 11:42 am
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Gulf West Security Network, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was USD 3,562 compared to USD 3,940 a year ago. Operating loss was USD 136,335 compared to USD 200,240 a year ago. Net loss was USD 99,098 compared to USD 200,240 a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.05 a year ago. For the nine months, total revenue was USD 10,794 compared to USD 13,108 a year ago. Operating loss was USD 568,161 compared to USD 407,547 a year ago. Net loss was USD 531,157 compared to USD 407,547 a year ago. Basic loss per share from continuing operations was USD 0.13 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.