Paid, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 14, 2019 at 05:11 pm
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PAID, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was USD 2.726 million compared to USD 2.238 million a year ago. Operating loss was USD 311,003 compared to USD 487,312 a year ago. Net income was USD 581,634 compared to net loss of USD 455,044 a year ago. Basic earnings per share was USD 0.33 compared to basic loss per share of USD 0.24 a year ago. Diluted earnings per share was USD 0.32 compared to diluted loss per share of USD 0.24 a year ago. For the nine months, sales was USD 7.730 million compared to USD 6.572 million a year ago. Operating loss was USD 548,979 compared to USD 1.193 million a year ago. Net income was USD 346,401 compared to net loss of USD 1.157 million a year ago. Basic earnings per share was USD 0.13 compared to basic loss per share of USD 0.64 a year ago. Diluted earnings per share was USD 0.12 compared to diluted loss per share of USD 0.64 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. 
