Cyren Announces Second Quarter 2021 Financial Results
CYREN Ltd. - Ordinary Shares (CYRN)
Last cyren ltd. - ordinary shares earnings: 3/25 06:00 am
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ir.cyren.com/investor-relations
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Source: Accesswire
Cyren Inbox Security, Anti-Phishing for the Enterprise, Achieves Record ARR GrowthMCLEAN, VA / ACCESSWIRE / August 16, 2021 / Cyren (NASDAQ:CYRN) today announced its second quarter 2021 financial results for the period ending June 30, 2021.During the second quarter, Cyren reported quarterly revenues of $7.6 million, compared to $9.2 million during the second quarter of 2020. GAAP net loss for the quarter was $5.6 million, compared to the $4.6 million net loss reported during the second quarter of 2020, due to lower revenues, partially offset by lower operating expenses compared to the prior year."While overall revenues declined year-over-year, this decline was predominantly within our legacy threat intelligence services OEM business. Churn in the quarter was very low and customer satisfaction has never been higher. However, we had some anticipated customer contract reductions, with some occurring in 2020, that impacted the year-over-year comparison", said Brett Jackson, CEO of Cyren.
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