Galaxy Next Generation, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2022
May 16, 2022 at 09:24 pm
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Galaxy Next Generation, Inc. reported earnings results for the third quarter and nine months ended March 31, 2022. For the third quarter, the company reported sales was USD 1.27 million compared to USD 0.777457 million a year ago. Net loss was USD 1.08 million compared to USD 2.89 million a year ago. Basic loss per share from continuing operations was USD 0.0636 compared to USD 0.2048 a year ago. Diluted loss per share from continuing operations was USD 0.0636 compared to USD 0.2048 a year ago.
For the nine months, sales was USD 3.86 million compared to USD 2.75 million a year ago. Net loss was USD 3.88 million compared to USD 23.79 million a year ago. Basic loss per share from continuing operations was USD 0.2325 compared to USD 2.1424 a year ago. Diluted loss per share from continuing operations was USD 0.2325 compared to USD 2.1424 a year ago.
Galaxy Next Generation, Inc. is a manufacturer and United States distributor of interactive learning technologies and enhanced audio solutions. It develops both hardware and software that allows the presenter and participant to engage in a fully collaborative instructional environment. Its products include G2 Slim Interactive Flat Panel Display (IFPD), G2 Communicator Bell, Paging, and Intercom, G2 Secure and Classroom Audio Amplification Solutions. G2 Slim Interactive Flat Panel Display (IFPD) includes interactive learning software, interactive panel control software, integrated PC for IFPD and mobile carts, mounts, and accessories for IFPD. Its distribution channel consists of a direct sales model and over 44 resellers across the United States, which sell the products offered by the Company within the commercial and educational market. Its original equipment manufacturer division manufactures products for other vendors in its industry and white labels the products under other brands.
GALAXY NEXT GENERATION, INC. 