Business
Tuxis Corporation Announces Third Quarter 2022 Financial Results
Tuxis Corporation Announces Third Quarter 2022 Financial Results.
About this update from Tuxis Corp.
[{"type":"text","content":"MILLBROOK, NY / ACCESSWIRE / November 14, 2022 / Tuxis Corporation (OTC PINK:TUXS) ("Tuxis" or the "Company") today reported its financial results for the third quarter ended September 30, 2022.The Company recorded a net loss of $33,882 or $0.03 per diluted share for the three months ended September 30, 2022, compared to a net loss of $71,085 or $0.06 per diluted share for the three months ended September 30, 2021. The Company recorded a net loss of $289,672 or $0.23 per diluted share for the nine months ended September 30, 2022, compared to net income of $166,576 or $0.13 per share for the nine months ended September 30, 2021.The Company's book value per share at September 30, 2022, was $6.00 (shareholders' equity of $7,441,865 divided by 1,240,038 shares issued and outstanding).The limited information above in this press release is not adequate for making an informed investment judgment, and we urge stockholders and investors to read the Company's unaudited quarterly report for the quarterly period ended September 30, 2022, which is available at www.Tuxis.com, appended to the copy of this press release, and at www.otcmarkets.com under the Company's stock symbol.About Tuxis CorporationThe objective of Tuxis Corporation, a holding company, is to increase value over time for the benefit of its shareholders. The Company engages through subsidiaries primarily in real estate development and management. To learn more about Tuxis Corporation please visit www.tuxis.com.Cautionary Note Regarding Forward Looking StatementsCertain information presented in this press release may contain "forward-looking statements" within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995. Forward looking statements include statements concerning the Company's plans, including its plans as to the use of the proceeds from the sale, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, and other information that is not historical information. In some cases, forward looking statements can be identified by terminology such as "believes," "expects," "estimates," "may," "will," "should," "anticipates" o...