SRAX Reports 161% Year-Over-Year and 124% Quarter-Over-Quarter Revenue Growth

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SRAX, Inc (SRAX) Misses Q3 EPS by 12c, Revenues Beat

November 16, 2020 9:16 AM EST

SRAX, Inc (NASDAQ: SRAX) reported Q3 EPS of ($0.45), $0.12 worse than the analyst estimate of ($0.33). Revenue for the quarter came in at $2.6 million versus the consensus estimate of $1.95 million.

Third Quarter 2020

Total Revenue was $2.6M, an increase of 161% as compared to Q3 2019 and up 124% from Q2 2020.Gross Margin was 66%, as compared to 68% in the same period last year.Operating Expenses... More