Costar Technologies, Inc. Announces Financial Results For the Second Quarter Ended June 30, 2019
COSTAR TECHNOLOGIES INC (CSTI)
NASDAQ:AMEX Investor Relations:
costartechnologies.com/investor-relations/financial-reports
Company Research
Source: PR Newswire
COPPELL, Texas, Aug. 15, 2019 /PRNewswire/ -- Costar Technologies, Inc. (the "Company") (OTC Markets Group: CSTI) announced today its financial results for the second quarter ended June 30, 2019 that have been reviewed by the independent accounting firm BKD, LLP. Financial Results for the Quarter Ended June 30, 2019Revenues of $20,425, a 70.4% increase compared to the prior year second quarter and a 13.1% increase excluding Arecont Vision Costar, LLC ("AVC"). AVC contributed $6,867 in revenue during the quarter ended June 30, 2019. Operating expenses were $7.564, compared to $4,689 in the second quarter of 2019. AVC contributed $3,031 to operating expenses during the second quarter of 2019. GAAP net income of $561, or $0.35 per diluted share, compared to a GAAP net loss of ($38), or ($0.02) per diluted share, in the second quarter of 2018. AVC contributed ($49) towards the net loss for the second ended June 30, 2019. Adjusted earnings of $972, or $0.60 per diluted share, compared to $
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