Sysorex, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 12, 2019 at 04:39 pm
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Sysorex, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was USD 970,000 compared to USD 714,000 a year ago. Operating loss was USD 889,000 compared to USD 2.307 million a year ago. Net loss was USD 1.208 million compared to USD 2.408 million a year ago. Basic loss per share was USD 3.26 compared to USD 8.44 a year ago. For the nine months, total revenue was USD 2.520 million compared to USD 2.949 million a year ago. Operating loss was USD 3.946 million compared to USD 6.100 million a year ago. Net loss was USD 4.707 million compared to USD 5.399 million a year ago. Basic loss per share was USD 13.26 compared to USD 19.07 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. 
