Replies to post #1352 on Vaso Corporation (VASO)

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"For the first quarter of 2021, the Company recorded total revenue of $16.5 million, a 4% decrease year-over-year," commented Dr. Jun Ma, President and Chief Executive Officer of Vaso Corporation. "Nonetheless, our quarterly operating loss was significantly reduced, from $1.4 million to $539 thousand when compared to the same quarter last year, largely a result of substantially increased operating efficiency

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"I am excited to report that, while we customarily experience an operating loss in the first quarter of the year due to the seasonal nature of our businesses, all three of our business segments - IT, professional sales service and equipment - delivered continued improvement in operating results in the first quarter of 2021, with the IT and equipment segments actually achieving operating profitability," Dr. Ma continued.

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VASO~~MONSTA HUGEE,"The Company also generated positive cashflow of $5.5 million from operating activities in the first three months of 2021, and continues to maintain a strong cash position even after a significant amount of debt paydown. As the country starts to reopen post-pandemic, we currently expect to see in the coming periods a recovery in our top-line performance and a more profitable bottom line," concluded Dr. Ma.