Paid, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 13, 2020 at 09:44 pm
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PAID, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 3.409 million compared to USD 2.726 million a year ago. Operating loss was USD 123,728 compared to USD 311,003 a year ago. Net loss was USD 123,722 compared to net income of USD 581,634 a year ago. Basic loss per share from continuing operations was USD 0.02 compared to basic earnings per share from continuing operations of USD 0.33 a year ago. Diluted loss per share from continuing operations was USD 0.02 compared to diluted earnings per share from continuing operations of USD 0.32 a year ago. For the nine months, sales was USD 9.303 million compared to USD 7.730 million a year ago. Operating loss was USD 144,256 compared to USD 548,979 a year ago. Net loss was USD 131,555 compared to net income of USD 346,401 a year ago. Basic loss per share from continuing operations was USD 0.03 compared to basic earnings per share from continuing operations of USD 0.13 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to diluted earnings per share from continuing operations of USD 0.12 a year ago.
PAID, Inc. is engaged in developing software as a service (SaaS) based business services, including PaidPayments, PaidCart, PaidShipping and PaidWeb. These solutions are developed to provide businesses with a streamlined experience for Website creation, online sales, payment collection and shipping all in one platform. Its segments include Client services, Merchant processing services, Shipping coordination and label generation services, and Corporate operations. Its ShipTimeâs platform provides its members with the ability to quote, process, track and dispatch shipments while getting preferred rates on packages and skidded less than truckload (LTL) freight shipments throughout North America and around the world. Its BeerRun Software is a brewery management and alcohol and tobacco tax and trade bureau tax reporting software. Its platform includes a range features, such as mobile editing, search engine optimization, collaboration tools, and pre-designed templates.
PAID, INC. 