Computer peripherals maker COPsync, Inc. (COYN.OB) Thursday reported a first-quarter loss of $935 thousand, which widened from $771 thousand in the prior-year quarter, due mainly to higher operating expenses. On a per share basis, earnings were $0.01, flat with last year.
Excluding the impact of the $74 thousand in amortization of capitalized software development costs, loss narrowed 16 percent from last year. The company also invested an additional approximate $217 thousand for new product innovations.
First-quarter revenues totaled $742 thousand, up 91 percent from $388 thousand last year. Revenues for recurring, software subscription revenues increased 99 percent to $359 thousand from $180 thousand last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.