Datacentrex Reports Q3 Revenue Decline and Net Cash Burn
Datacentrex (DTCX) reported third-quarter financial results characterized by a significant year-over-year revenue decline. The company's revenue fell to approximately $1.7 million, representing a 29% decrease compared to the $2.4 million reported in the same period last year. Earnings per share (EPS) for the quarter stood at -$0.06. The company also experienced a shift in cash flow, reporting a net cash burn of approximately $867,000, a reversal from the net cash generation seen in the prior-year period. Despite this burn, Datacentrex maintains a strong liquidity position with approximately $29.3 million in combined cash and digital assets and no outstanding debt.
Topics: cash burn earnings report financial results revenue decline
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Part of the story St. Joe Reports Q3 GAAP EPS of $0.65 and Revenue of $156.2 Million (30 articles)