Spyr, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 14, 2020 at 09:20 pm
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SPYR, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced operating loss was USD 268,000 compared to USD 342,000 a year ago. Net loss was USD 317,000 compared to USD 529,000 a year ago. For the half year, total revenue was USD 188,000 compared to USD 86,000 a year ago. Operating loss was USD 439,000 compared to USD 787,000 a year ago. Net loss was USD 544,000 compared to USD 979,000 a year ago.
SPYR, Inc. (SPYR) is a diversified technology company focused on the Internet of Things (IoT). The Company, through its subsidiary, GeoTraq Inc., develops and manufactures fully self-contained, ultra-small Mobile mobile IoT modules, namely Tracker-M modules for asset tracking and location-based services, and Sensor-M modules used for remote monitoring. Its subsidiary under the GeoTraq label, offers the ultra-small tracker that allows customers to deploy tracking and monitoring devices within the IoT. The Company continues to identify and target acquisitions that shall grow its footprint in the industry and expand the products it offers consumers, including companies developing artificial intelligence (AI) and smart technology products.
SPYR, INC. 
