Evolving Systems: Q1 Earnings Snapshot

Posted May 13, 2021 3:15 pm.

Last Updated May 13, 2021 3:17 pm.

ENGLEWOOD, Colo. (AP) _ Evolving Systems Inc. (EVOL) on Thursday reported a loss of $916,000 in its first quarter.

On a per-share basis, the Englewood, Colorado-based company said it had a loss of 8 cents. Losses, adjusted for one-time gains and costs, were 5 cents per share.

The provider of software services to the wireless, wire-line and cable markets posted revenue of $6.5 million in the period.

In the final minutes of trading on Thursday, the company’s shares hit $2.29. A year ago, they were trading at 93 cents.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EVOL at https://www.zacks.com/ap/EVOL

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