Advanced Voice Recognition Systems, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 16, 2020 at 12:10 pm EST
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Advanced Voice Recognition Systems, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced operating loss was USD 9,791 compared to USD 12,808 a year ago. Net loss was USD 10,290 compared to USD 13,336 a year ago. For the nine months, operating loss was USD 54,499 compared to USD 50,911 a year ago. Net loss was USD 56,060 compared to USD 49,754 a year ago.
Rivulet Entertainment Inc., formerly Advanced Voice Recognition Systems, Inc., is a software development company. It specializes in creating interface and application solutions for speech recognition technologies. It engages discussions with a certain firm dedicated to assisting in the commercialization of intellectual assets. Its proposed product is speech recognition software and related firmware that allows for dictation into a range of applications: DOS applications running in Windows, UNIX and mainframe applications accessed through terminal emulation programs, various custom applications and all Windows 3.x, 95, 98, 2000, XP, Vista, Windows 7 and Windows 10 programs. Its AVRS patented technology is applicable to many mainstream speech enabled applications ranging from traditional desktop applications to mobile, Web-based and cloud solutions. Its technology has applications in original equipment manufacturer markets, targeting both software developers and hardware manufacturers.