VRTC (Veritec) Net Income From Continuing Operations: $-1.14 Mil (TTM As of Sep. 2024)

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What is Veritec Net Income From Continuing Operations?

Veritec VRTC Net Income From Continuing Operations is $-1.14 Mil as of Sep. 2024.

Net Income From Continuing Operations indicates the net income that a firm brings in from ongoing business activities. These activities are expected to continue into the next reporting period. Veritec's net income from continuing operations for the three months ended in Sep. 2024 was $-0.39 Mil. Its net income from continuing operations for the trailing twelve months (TTM) ended in Sep. 2024 was $-1.14 Mil.

Veritec Net Income From Continuing Operations Historical Data

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The historical data trend for Veritec's Net Income From Continuing Operations can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Veritec Net Income From Continuing Operations Chart

Veritec Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Net Income From Continuing Operations
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.58 -1.09 -0.51 -1.23 -1.06

Veritec Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Net Income From Continuing Operations Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.31 -0.24 -0.31 -0.21 -0.39

Veritec Net Income From Continuing Operations Calculation

Net Income From Continuing Operations indicates the net income that a firm brings in from ongoing business activities. These activities are expected to continue into the next reporting period. It excludes extraordinary items, income from the cumulative effects of accounting changes, non-recurring items, income from tax loss carry forward, and preferred dividends.

Net Income From Continuing Operations for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.14 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Net Income From Continuing Operations of $-1.14 Mil mean?
Veritec (VRTC) has a Net Income From Continuing Operations of $-1.14 Mil as of Sep. 2024. The total net income from continuing operations as record on a company's cash-flow statement. View historical data for Veritec and its competitors.
Is Veritec's Net Income From Continuing Operations too high?
Veritec's current Net Income From Continuing Operations is $-1.14 Mil.
How does Veritec's Net Income From Continuing Operations compare to WDDD and RBTC?
Veritec's Net Income From Continuing Operations of $-1.14 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Income From Continuing Operations for a Software company?
A good Net Income From Continuing Operations depends on the Software industry context. However, Net Income From Continuing Operations should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Income From Continuing Operations mean?
A high Net Income From Continuing Operations can signal that a stock is expensive relative to its fundamentals. The total net income from continuing operations as record on a company's cash-flow statement. View historical data for Veritec and its competitors. Veritec's current Net Income From Continuing Operations is $-1.14 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Veritec stock overvalued right now?
Veritec (VRTC) has a current Net Income From Continuing Operations of $-1.14 Mil. The current Net Income From Continuing Operations is $-1.14 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Income From Continuing Operations calculated?
Net Income From Continuing Operations is calculated from a company's financial statements. For Veritec (VRTC), the current Net Income From Continuing Operations is $-1.14 Mil as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Veritec Business Description

Address 2445 Winnetka Avenue North, Golden Valley, MN, USA, 55427
Veritec Inc is engaged in the development, marketing, sales, and licensing of products and rendering of professional services. The company renders professional services related to mobile banking technology. Its mobile banking technology is used to offer Prepaid Card Programs to sponsor banks and approved applicants/cardholders. The products and services offered by the company include MTC Debit Card Visa Prepaid Card Programs, blinx ON-OFF Debit Card Visa Prepaid Card Programs, Custom Branded Debit Card Programs, and blinxPay Mobile Wallet App. Geographically, it derives revenue from the United States.