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MPHASE REPORTS 2nd CONSECUTIVE PROFITABLE QUARTER AND RECORD 1,111% INCREASE IN ANNUAL REVENUE FOR FISCAL 2020
January 05, 2021 21:30 ET
| Source:
mPhase Technologies, Inc.
mPhase Technologies, Inc.
UNITED STATES
Gaithersburg, MD, Jan. 05, 2021 (GLOBE NEWSWIRE) mPhase Technologies, Inc. (OTC Pink: XDSL) (“mPhase” or the “Company”) reported financial results for its fiscal 2020 fourth quarter and year ended June 30, 2020. In conjunction with this release, the Company is also providing additional details on its strategy for the upcoming calendar year 2021.
For fiscal Q4 and full year 2020, management is noting the following items of importance:
Revenue set an all-time record of $30.3 million during fiscal year 2020, compared to $2.5 million of revenue reported during fiscal year 2019, representing a 1,111% year-over-year increase; ....

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