ShiftPixy (PIXY) Reports Q3 Loss of $0.23/sh
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ShiftPixy, Inc. Reports Fiscal 2020 Q3 Results
July 15, 2020 4:30 PM EDTIRVINE, Calif., July 15, 2020 (GLOBE NEWSWIRE) -- ShiftPixy, Inc. (NASDAQ: PIXY), a California-based gig engagement platform provider, today announced operating results for the quarter ended May 31, 2020 (2020 Third Quarter).
2020 Third Quarter Financial Highlights
Significantly improved balance sheet with cash position of $10.8 million and no long-term debt as of May 31, 2020 compared to cash of $0.4 million and long-term debt of $3.6 million as of February 29, 2020.Successfully closed $12 million public equity offering on May 26, 2020 and an additional $1.3 million through July 7, 2020.Resolved NASDAQ Delisting issue; cleared by NASDAQ after... More