Bsquare Corporation (BSQR) stock has gone up by 1.54% on 17th March and closed at $5.26 as compared to $5.18 a day prior. The company is yet to announce its fourth-quarter earnings and is scheduled to be announced after the closing of the regular market on 18th March 2021.
About Bsquare Corporation
Bsquare Corporation is a U.S.-based system integrator, software provider, and technology distributor. Bsquare provides software-based solutions and other related services to companies and businesses that market, sell and develop standalone intelligent systems. Bsquare focuses itself on devices that uses various operating systems like Microsoft Windows as well as other famous operating systems such as Linux and Android. Bsquare serves customers globally and its customers include silicon vendors, corporate enterprises, original design, equipment manufacturers, and peripheral vendors. Bsquare helps power intelligent next-generation devices and the systems they operate in. Bsquare has a firm belief that the promise of the Internet of Things (IoT) will only be realized by developing intelligent systems and devices that are cloud-enabled, operate securely at scale, and contribute data. Bsquare’s services allows its customers to generate new revenue streams and operating models at the same time opening up new opportunities for improving operations and lowering costs.
Financial performance of Bsquare Corporation
Bsquare has generated an astonishing 522% return in one year only. The shareholders of BSQR stock are celebrating an even better and bigger rise of 594% in over the time period of 3 months prior to February 2021. In the previous year, Bsquare Corporation saw a decrease of 15% in its revenue. But this pales in comparison to the glorious BSQR stock price that soared 522% in one year. Bsquare are yet to announce their fourth-quarter earning but their third-quarter earnings were nothing short of impressive. Bsquare reported a loss of $0.01 per share in their third quarter in comparison to the $0.08 per share loss of the second quarter of 2020. Their revenue for the third quarter of 2020 was $10.4 million, which is $1.5 million more than that of the second quarter of the same year. The increase in revenue was due to the rise in sales of Bsquare’s Partner solution segment and the surged service revenue in the Edge-to-cloud segment.