AP NEWS

Evolving Systems: 1Q Earnings Snapshot

May 14, 2020 GMT

ENGLEWOOD, Colo. (AP) _ Evolving Systems Inc. (EVOL) on Thursday reported a loss of $32,000 in its first quarter.

The Englewood, Colorado-based company said it had a loss of less than 1 cent on a per-share basis. Earnings, adjusted for one-time gains and costs, came to 2 cents per share.

The provider of software services to the wireless, wire-line and cable markets posted revenue of $6.3 million in the period.

In the final minutes of trading on Thursday, the company’s shares hit 90 cents. A year ago, they were trading at 99 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