Crossroads Systems has announced the Q 2020 fiscal results. According to the details, the company has generated the total revenue of $6.4 million by selling property in Q2 2020 as compared to the Previous quarter of 2019. The company reported the total interest income up to $3.0 million in the Q2 2020 as compared to the $2.9 million from the previous quarter of 2019.

The operating income of the company was $11 million in the Q2 2020 as compared to the $1.4 million in the previous quarter of 2019. The Cash EPS of the company was $0.16 in the Q2 2020 as compared to the previous quarter of 2019. The company’s book value reported $49 million. The cash balance of the company stood at $2.6 million in Q2 2020 as compared to the previous quarter of $904,000.

Chief Executive Officer at Crossroads Systems, Eric Donnelly said, “Amid the pandemic, we are pleased with the performance and expected continued growth as the economy opens up in the third quarter. This quarter was almost completely consumed by the Covid-19 Pandemic.”

“We are grateful to our banking partners for accommodating us immediately as we focused on providing relief to our borrowers and acting as a source of calm to so many vulnerable people experiencing the real fear, we all felt as this pandemic took hold,” Eric Donnelly further added.

We’re a public social enterprise and as such, we recognize the responsibility we have to the communities we serve and our incredible shareholders. I’m proud to work with a fantastic team serving such resilient and hardworking borrowers who simply want to work and provide a better life for their families. Our quarter reflects this resilience and strength and efficiency of the businesses,” company’s Chief Executive Officer Erric A. Donnelly concluded.

Leave a Reply

Your email address will not be published. Required fields are marked *