Sysorex, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 13, 2020 at 04:36 pm
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Sysorex, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was USD 2.266 million compared to USD 266,000 a year ago. Operating loss was USD 845,000 compared to USD 1.738 million a year ago. Net loss was USD 1.161 million compared to USD 1.884 million a year ago. Basic loss per share from continuing operations was USD 2.84 compared to USD 6 a year ago.
Sysorex, Inc., through its wholly owned subsidiary, Sysorex Government Services, Inc. (SGS), provides information technology solutions primarily for the public sector. These solutions include cybersecurity, professional services, engineering support, Information technology (IT) consulting, enterprise level technology, networking, wireless, help desk and custom IT solutions. In addition to Sysorex Government Services, Inc., the Company has another wholly owned subsidiary, TTM Digital Assets &Technologies, Inc. (TTM Digital). TTM Digital is a digital asset technology company. It provides its customers with comprehensive solutions incorporating products and services across a variety of technology practices and platforms, such as cyber, cloud, networking, security, and mobility. It utilizes its professional services, consulting services and partners to develop and implement these solutions.
SYSOREX, INC. 
