Post by
stockzorg on Jun 29, 2021 12:57am
2021 Annual Results are posted to sedar.ca
Results are posted to sedar.ca. Revenues for the year ended February 2021 increased by 1450% over 2020. Gross Margin was positive. Working Capital went from negative $2.2 million to positive $1.9 million. Assets are 2x Liabilities. Net loss is composed mostly of non-cash items - issued shares for the software and depreciation. Software is being depreciated very quickly and that might not be much of a factor going forward. Fourth quarter revenue was >$7 million, so the run rate for 2022 revenue looks to be at least double 2021 (assuming no revenue from crypto mining). Overall I think this is a significant improvement in the balance sheet and revenue performance. The critical success factors for 2022 FY will be continued increase in active livestream users and maintaining the upward revenue trends.
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