Affinity Technology Group, Inc. (AFFI.OB) reported a net loss of $514 thousand or $0.01 per share on revenues of 8 thousand for the second quarter, compared to a net loss of $476 thousand or $0.01 per share on revenues of $8 thousand for the year-ago quarter.
Additionally, Affinity announced that it has filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court, District of South Carolina. In connection with the proceeding, the company has filed motions with the court requesting permission to go forward on the basis of a debtor-in-possession to execute its plan of offering its patents and other assets for sale under the supervision of the Court.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.