Evolving Systems: 1Q Earnings Snapshot

Associated Press |

ENGLEWOOD, Colo. (AP) _ Evolving Systems Inc. (EVOL) on Wednesday reported a first-quarter loss of $1.1 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Englewood, Colorado-based company said it had a loss of 9 cents. Losses, adjusted for one-time gains and costs, were 7 cents per share.

The provider of software services to the wireless, wire-line and cable markets posted revenue of $6.7 million in the period.

In the final minutes of trading on Wednesday, the company's shares hit $1.03. A year ago, they were trading at $3.30.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EVOL at https://www.zacks.com/ap/EVOL

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