Gex Management, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 23, 2020 at 02:20 pm EST
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GEX Management, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 244,230 compared to USD 24,354 a year ago. Operating loss was USD 18,533 compared to USD 77,158 a year ago. Net loss was USD 26,810 compared to USD 131,716 a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.22 a year ago. For the nine months, total revenue was USD 406,408 compared to USD 271,638 a year ago. Operating loss was USD 162,332 compared to USD 217,025 a year ago. Net loss was USD 94,082 compared to USD 465,946 a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.79 a year ago.
GEX Management, Inc. is a management consulting and technology business services company. The Company offers a range of business operational services to clients. The Company provides both long and short-term consulting solution services, including enterprise strategy and technology consulting, enterprise project management; and Human Capital Management (HCM) solution capabilities. It provides project management services to help businesses plan, execute, and control their projects. It is also focused on exploring new technologies and tools that can help it provide better and more efficient consulting services to its clients. This includes developing its own artificial intelligence (AI)-powered platform that can be used to enhance its existing consulting offerings and provide clients with additional insights and value. The Company uses various channels to reach potential clients, including digital marketing, social media, industry events, referrals, and targeted advertising.