mPhase Technologies, Inc. announced earnings results for the fourth quarter and full year ended June 30, 2021. For the quarter, the company reported revenue increased slightly to $7.8 million compared to $7.6 million in the prior year quarter. Operating loss of $0.5 million was directly affected by a significant increase in software development, which jumped 205% to $1.8 million. Net loss of $0.4 million, compared to net income of $0.75 million in the year-ago quarter. For the year, the company reported Net income of $1.7 million, compared to a loss of $14.1 million in Fiscal 2020. Annual EPS was $0.02 compared to loss per share of $1.08 in the prior year.