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0.0180995475113123 0.0180995475113123 0.0180995475113123 0.0180995475113123 -0.0170060331825038 -0.0170060331825038 0 -0.0180995475113123
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Vaso Corporation Announces Financial Results for Third Quarter 2024 [Yahoo! Finance]

VASO CORPORATION (VASO) 
Company Research Source: Yahoo! Finance
portfolio in network and healthcare IT services, professional sales services, and proprietary medical products, today reported its operating results for the three months ended September 30, 2024. “For the third quarter of 2024, the Company's revenue was $20.8 million, an increase of 7% when compared to the prior year's third quarter revenue of $19.4 million, mainly due to higher revenue from the network services business in our IT segment. The Company recorded an operating loss of $1.4 million for the third quarter of 2024 compared to operating income of $907 thousand for the same quarter in 2023, as operating expenses increased including a significant amount in investment banking activities,” commented Dr. Jun Ma, President and Chief Executive Officer of Vaso Corporation. “As the Company continues to generate positive operating cashflow, which was $3.6 million during the first nine months of the year, its balance sheet continues to be strong, with $26.8 million in cash, cash equi Show less Read more
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