Signal Advance, Inc. Announces Year-End Earnings
Signal Advance, Inc. (OTC PINK:SIGL) reported strong financial results for the year ended December 31, 2020.
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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.
Details
News Market Reaction – SIGL
The recorded move for SIGL in the trading session of this news was +13.13%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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