Bsquare (BSQR) Reports Q4 Loss of $0.02 on Revenues of $11.1M
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Bsquare Fourth Quarter 2020 Results Reflect Increasing Business Stability
March 18, 2021 4:05 PM EDTSEATTLE, March 18, 2021 /PRNewswire/ --Â Bsquare Corporation (NASDAQ: BSQR) today announced financial results for the fourth quarter of 2020. Revenue was $11.1 million, up 6% over Q3 2020, while fourth-quarter net loss was $0.2 million, compared to a net loss of $0.1 million in the third quarter. Full year 2020 net loss was $1.9 million, a $7.3 million improvement over a net loss of $9.2 million in 2019. Our cash balance on December 31, 2020, increased by $2.4 million over the same date in 2019. Adjusted EBITDAS, a non-GAAP measure, improved $5.1 million during 2020 compared to 2019.
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