Signal Advance, Inc. Announces Year-End Earnings

Rhea-AI Summary

Signal Advance, Inc. (OTC PINK:SIGL) reported strong financial results for the year ended December 31, 2020. The company achieved gross revenues of $10,780,770, a significant increase from $0 in 2019. It reported net income of $10,177,362, marking a turnaround from a loss of ($114,379) the previous year. The net income per share rose to $0.265, while common shares outstanding decreased to 38,447,038 from 91,716,057. These results highlight the company's positive financial trajectory.

Positive

• Gross revenues increased to $10,780,770 from $0 in 2019.
• Net income turned positive at $10,177,362 compared to a loss of ($114,379) in 2019.
• Net income per common share rose to $0.265, improving from ($0.001) in the previous year.
• Common shares outstanding decreased from 91,716,057 to 38,447,038.

Negative

• None.

ROSHARON, TX / ACCESSWIRE / March 31, 2021 / Signal Advance, Inc. (OTC PINK:SIGL) today announced its financial results for the year ended December 31, 2020 as summarized below:

Signal Advance, Inc.

SUMMARY OF CONSOLIDATED RESULTS OF OPERATIONS

FOR THE YEARS ENDED DECEMBER 31

		2020				2019
Gross revenues		$	10,780,770				-
Income (loss) before income taxes			10,612,862				(114,379	)
Net income			10,177,362				(114,379	)
Net income per common share			.265				(.001	)
Common shares outstanding			38,447,038				91,716,057

The full Disclosure and Financial Reports for the year-ended December 31, 2020 is available on OTC Markets.com and the Company's website : www.signaladvance.com.

CONTACT:

Signal Advance, Inc.
713 510 7445
IR@signaladvance.com

SOURCE Signal Advance, Inc.

View source version on accesswire.com:
https://www.accesswire.com/638318/Signal-Advance-Inc-Announces-Year-End-Earnings

FAQ

What were Signal Advance's revenues for the year ending December 31, 2020?

Signal Advance reported gross revenues of $10,780,770 for the year ending December 31, 2020.

Did Signal Advance report a profit or loss for the year 2020?

Signal Advance reported a net income of $10,177,362 for the year 2020, compared to a loss of ($114,379) in 2019.

What is the net income per share for Signal Advance in 2020?

The net income per common share for Signal Advance in 2020 was $0.265.

How many common shares were outstanding for Signal Advance at the end of 2020?

At the end of 2020, Signal Advance had 38,447,038 common shares outstanding.