Paid, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 15, 2020 at 04:59 pm
Share
PAID, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was USD 2.675 million compared to USD 2.289 million a year ago. Operating loss was USD 112,742 compared to USD 210,622 a year ago. Net loss was USD 113,242 compared to USD 211,986 a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.16 a year ago.
PAID, Inc. is engaged in developing software as a service (SaaS) based business services, including PaidPayments, PaidCart, PaidShipping and PaidWeb. These solutions are developed to provide businesses with a streamlined experience for Website creation, online sales, payment collection and shipping all in one platform. Its segments include Client services, Merchant processing services, Shipping coordination and label generation services, and Corporate operations. Its ShipTimeâs platform provides its members with the ability to quote, process, track and dispatch shipments while getting preferred rates on packages and skidded less than truckload (LTL) freight shipments throughout North America and around the world. Its BeerRun Software is a brewery management and alcohol and tobacco tax and trade bureau tax reporting software. Its platform includes a range features, such as mobile editing, search engine optimization, collaboration tools, and pre-designed templates.
PAID, INC. 
