Kubient Reports Second Quarter 2020 Results
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Kubient, Inc. (KBNT) Reports Q2 Loss of $0.42
September 23, 2020 4:09 PM EDTKubient, Inc. (NASDAQ: KBNT) reported Q2 EPS of ($0.42), versus ($0.32) reported last year.
Second Quarter 2020 Financial Results
Net revenues increased to $92,000 from $49,000 in the same period last year. The increase in net revenues was primarily from one customer, partially offset by a decrease from another customer during the period. Total operating expenses increased 16% to $1.2 million from $1.0 million in the same period last year. The increase in operating expense was primarily due to higher technology expenses, offset by a decrease in general and administrative expenses.Net loss was $1.5 million, or $(0.42) per... More