DFNN, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 12:12 am EST
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DFNN, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was PHP 295.45 million compared to PHP 86.71 million a year ago. Net loss was PHP 0.649413 million compared to PHP 36.23 million a year ago. Basic loss per share from continuing operations was PHP 0.002 compared to PHP 0.112 a year ago. Diluted loss per share from continuing operations was PHP 0.002 compared to PHP 0.112 a year ago.
For the nine months, revenue was PHP 970.58 million compared to PHP 355.6 million a year ago. Net income was PHP 140.21 million compared to net loss of PHP 99.48 million a year ago. Basic earnings per share from continuing operations was PHP 0.432 compared to basic loss per share from continuing operations of PHP 0.306 a year ago. Diluted earnings per share from continuing operations was PHP 0.432 compared to diluted loss per share from continuing operations of PHP 0.306 a year ago.
DFNN, Inc. is a Philippines-based information technology (IT) solutions provider and systems integrator. The Company is engaged in the provision of information technology services to financial institutions and gaming companies. The Company also develops, operates, and maintains Web-based and wireless applications for major corporate customers with strength in solutions for financial institutions and gaming companies and provides proprietary order routing software technology and Web-advertising services to stock brokerage firms. The Company is focused on financial transactions, software/middleware development, IT support services, secure platform development and turnkey implementation. Through its subsidiaries and affiliates, the Company also possesses licenses for electronic gaming machines (EGMs), a sports betting exchange, and digital and pari-mutuel games with the Philippine Amusement and Gaming Corporation (PAGCOR).