WaveDancer, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 04:08 pm EDT
Share
WaveDancer, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 2.02 million compared to USD 3.75 million a year ago. Net income was USD 0.234785 million compared to net loss of USD 1.53 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to basic loss per share from continuing operations of USD 1.1 a year ago. Diluted earnings per share from continuing operations was USD 0.1 compared to diluted loss per share from continuing operations of USD 1.1 a year ago. Basic earnings per share was USD 0.1 compared to basic loss per share of USD 0.9 a year ago. Diluted earnings per share was USD 0.1 compared to diluted loss per share of USD 0.9 a year ago.
For the six months, revenue was USD 4.18 million compared to USD 6.75 million a year ago. Net loss was USD 1.12 million compared to USD 3.6 million a year ago. Basic loss per share from continuing operations was USD 0.4 compared to USD 2.4 a year ago. Diluted loss per share from continuing operations was USD 0.4 compared to USD 2.4 a year ago. Basic loss per share was USD 0.6 compared to USD 2.1 a year ago. Diluted loss per share was USD 0.6 compared to USD 2.1 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. Its subsidiary is Tellenger, Inc.