WaveDancer, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 08:30 am EDT
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WaveDancer, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 4.32 million compared to USD 4.73 million a year ago. Net loss was USD 1.53 million compared to net income of USD 0.043157 million a year ago. Basic loss per share from continuing operations was USD 0.09. Diluted loss per share from continuing operations was USD 0.09.
For the six months, revenue was USD 7.31 million compared to USD 8.15 million a year ago. Net loss was USD 3.6 million compared to net income of USD 0.313972 million a year ago. Basic loss per share from continuing operations was USD 0.21 compared to basic earnings per share from continuing operations of USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.21 compared to diluted earnings per share from continuing operations of USD 0.03 a year ago.
WaveDancer, Inc. is engaged in developing and maintaining information technology (IT) systems, modernizing client information systems, and performing other IT-related professional services to government and commercial organizations. The Company is focused on enterprise IT solutions primarily relating to system modernization, cloud-based solutions and cybersecurity protection. The Company primarily applies its technology and services to legacy software migration and modernization, developing Web-based and mobile device solutions, including dynamic electronic forms development and conversion and data analytics. The Company has performed software development and conversion projects for commercial and government customers including, the Department of Agriculture, Department of Defense, Department of Education, Department of Homeland Security, Department of the Treasury, U.S. Small Business Administration, and General Dynamics Information Technology.