Iveda Solutions (NASDAQ:IVDA) Releases Quarterly Earnings Results, Misses Estimates By $0.68 EPS

Iveda Solutions (NASDAQ:IVDA) released its earnings results on Tuesday. The company reported ($0.76) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.68), Zacks reports. Iveda Solutions had a negative net margin of 61.38% and a negative return on equity of 64.43%. The company had revenue of $1.74 million during the quarter, compared to the consensus estimate of $3.50 million.

Iveda Solutions Stock Performance

Shares of IVDA stock opened at $2.60 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.04 and a current ratio of 2.45. Iveda Solutions has a fifty-two week low of $1.27 and a fifty-two week high of $8.05. The company has a market capitalization of $7.30 million, a P/E ratio of -1.60 and a beta of 0.99. The stock has a 50 day moving average price of $2.60 and a two-hundred day moving average price of $2.64.

About Iveda Solutions

Iveda Solutions, Inc provides artificial intelligence (AI) and digital transformation technologies in the United States and Taiwan. The company offers IvedaAI, a deep-learning video analytics software and Sentir Video, a video surveillance solution for various kinds of applications. It also provides Cerebro IoT Platform, a software technology platform that integrates a multitude of disparate systems for central access and management of applications, subsystems, and devices, and IvedaSPS, a smart power solution utilizing in Cerebro IoT platform, and IvedaXpress, a system for pre-existing IP cameras and AI analytics for servers and IT department.