CynergisTek Reports Second Quarter 2020 Financial Results
CynergisTek, Inc. (CTEK)
Last cynergistek, inc. earnings: 11/11 07:00 am
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Source: Business Wire
Supporting Healthcare with Essential Cybersecurity and Privacy Services AUSTIN, Texas--(BUSINESS WIRE)--CynergisTek, Inc. (NYSE AMERICAN: CTEK), a leader in cybersecurity, privacy, and compliance, today announced financial results for the three and six months ended June 30, 2020.Recent Operational Focus due to COVID-19 Includes:Won two large Fortune 1,000 and Global 500 contract renewals.Managed Services revenue levels consistent with prior year.Achieved additional permanent annualized expense reductions of over $3.3 million.New partnership with Awake Security to offer AI-powered Compromise Assessments, identifying issues with hastily deployed telemedicine, remote work and surge facilities.“Our revenue and operating results were negatively impacted for the current quarter as our hospital customers appropriately diverted their attention and resources to crisis management in the face of COVID-19,” said Caleb Barlow, President and CEO of CynergisTek. “We took decisive actions to reduc
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