Gulf West Security Network, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 13, 2020 at 10:57 am EDT
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Gulf West Security Network, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was USD 2,699 compared to USD 3,869 a year ago. Operating loss was USD 124,190 compared to USD 271,679 a year ago. Net loss was USD 91,808 compared to USD 221,167 a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.06 a year ago.
Gulf West Security Network, Inc. is engaged in providing residential and commercial electronic security, home automation, and systems integration services on a both retail and wholesale basis. The Company's retail division is engaged in the hands-on design, engineering, sales, installation, after-market servicing, inspection, and remote electronic monitoring of home (residential) burglar, fire, and medical alarm systems as well as fully integrated business (commercial) security and automation systems. Its wholesale division is engaged in the development and expansion of coalition (alliance or network) of independently branded life safety and property protection providers, fire alert and suppression system installers, electronic remote monitoring and video surveillance specialists, smart home designers, commercial systems integrators, structured wiring professionals and electrical contractors.