Paid, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 17, 2020 at 06:03 am EDT
Share
PAID, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 3.218 million compared to USD 2.715 million a year ago. Operating income was USD 92,214 compared to operating loss of USD 27,354 a year ago. Net income was USD 105,409 compared to net loss of USD 23,247 a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to basic loss per share from continuing operations of USD 0.04 a year ago. For the half year, sales was USD 5.894 million compared to USD 5.004 million a year ago. Operating loss was USD 20,528 compared to USD 237,976 a year ago. Net loss was USD 7,833 compared to USD 235,233 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.2 a year ago.
PAID, Inc. is engaged in developing software as a service (SaaS) based business services, including PaidPayments, PaidCart, PaidShipping and PaidWeb. These solutions are developed to provide businesses with a streamlined experience for Website creation, online sales, payment collection and shipping all in one platform. Its segments include Client services, Merchant processing services, Shipping coordination and label generation services, and Corporate operations. Its ShipTimeâs platform provides its members with the ability to quote, process, track and dispatch shipments while getting preferred rates on packages and skidded less than truckload (LTL) freight shipments throughout North America and around the world. Its BeerRun Software is a brewery management and alcohol and tobacco tax and trade bureau tax reporting software. Its platform includes a range features, such as mobile editing, search engine optimization, collaboration tools, and pre-designed templates.
PAID, INC. 
