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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by RTT Staff Writer
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