Tuxis Corporation Announces Third Quarter 2022 Financial Results
Tuxis Corporation (OTC PINK:TUXS) reported a net loss of $33,882 or $0.03 per diluted share for Q3 2022, down from a loss of $71,085 or $0.06 per diluted share in Q3 2021. For the nine months ended September 30, 2022, the company faced a net loss of $289,672 compared to a net income of $166,576 in the same period last year. The book value per share was reported at $6.00.
Investors are encouraged to review the full quarterly report for detailed insights.
- Reduced net loss in Q3 2022 compared to Q3 2021, indicating improved performance.
- Significant net loss of $289,672 for the nine months ended September 30, 2022, a reversal from net income in the previous year.
MILLBROOK, NY / ACCESSWIRE / November 14, 2022 / Tuxis Corporation (OTC PINK:TUXS) ("Tuxis" or the "Company") today reported its financial results for the third quarter ended September 30, 2022.
The Company recorded a net loss of
The Company's book value per share at September 30, 2022, was
The limited information above in this press release is not adequate for making an informed investment judgment, and we urge stockholders and investors to read the Company's unaudited quarterly report for the quarterly period ended September 30, 2022, which is available at www.Tuxis.com, appended to the copy of this press release, and at www.otcmarkets.com under the Company's stock symbol.
About Tuxis Corporation
The objective of Tuxis Corporation, a holding company, is to increase value over time for the benefit of its shareholders. The Company engages through subsidiaries primarily in real estate development and management. To learn more about Tuxis Corporation please visit www.tuxis.com.
Cautionary Note Regarding Forward Looking Statements
Certain information presented in this press release may contain "forward-looking statements" within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995. Forward looking statements include statements concerning the Company's plans, including its plans as to the use of the proceeds from the sale, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, and other information that is not historical information. In some cases, forward looking statements can be identified by terminology such as "believes," "expects," "estimates," "may," "will," "should," "anticipates" or "intends," or the negative of such terms or other comparable terminology, or by discussions of strategy. All forward-looking statements by the Company involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company, which may cause the Company's actual results to be materially different from those expressed or implied by such statements, including negative impacts from the COVID-19 pandemic on the economy, the broader financial markets, the Company's financial condition, and results of operations and cash flows. The Company may also make additional forward looking statements from time to time. All such subsequent forward-looking statements, whether written or oral, by the Company or on its behalf, are also expressly qualified by these cautionary statements. All forward-looking statements, including without limitation, the Company's examination of historical operating trends and estimates of future earnings, are based upon the Company's current expectations and various assumptions. The Company's expectations, beliefs and projections are expressed in good faith, but there can be no assurance that the Company's expectations, beliefs and projections will result or be achieved. All forward looking statements apply only as of the date made. The Company undertakes no obligation to publicly update or revise forward looking statements which may be made to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
The Company views book value per share, a non-GAAP financial measure, as an important indicator of financial performance. Presented in conjunction with other financial information, the combined presentation can enhance an investor's understanding of the Company's underlying financial condition and results from operations. The definition of book value as presented in this press release is shareholders' equity divided by currently issued and outstanding shares.
Contact: Thomas O'Malley
Chief Financial Officer
1-212-785-0900, ext. 267
tomalley@tuxis.com
www.tuxis.com
SOURCE: Tuxis Corporation
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