Sysorex, Inc. Reports Earnings Results for the Full Year Ended December 31, 2022
June 13, 2023 at 04:03 pm
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Sysorex, Inc. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported revenue was USD 17.31 million compared to USD 8.27 million a year ago. Net loss was USD 12.19 million compared to USD 49.13 million a year ago.
Basic loss per share from continuing operations was USD 10 compared to USD 380 a year ago. Diluted loss per share from continuing operations was USD 10 compared to USD 380 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.