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Conglomerates Electronic Components

GBLT Corp., through its subsidiary, GBT GmbH, designs, manufactures and supplies mobile storage and battery solutions. The Company is also a provider of renewable energy solutions via its solar division, participating in the solar energy market. In addition, the Company offers consumer healthcare and wellness products to retail chains across the globe. It is also an official licensee for... see more

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GBLT Corp > GBLT Corp 2021 Full Year and Q4 Results

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Post by hallie19872 on Apr 29, 2022 10:06am

GBLT Corp 2021 Full Year and Q4 Results

Revenue for the twelve-month period ended December 31, 2021, was €31.1 million ($42.4M CAD) compared to €23.8 million ($32.5M CAD) for the same period in 2020. The increase in sales can be attributed to the growing demand for Dr. Senst brand and mobile energy products. Revenue for the three-month period ended December 31, 2021, was €7.9 million ($10.8M CAD) compared to €4.3 million ($5.9M CAD) in the same period in 2020, an increase of 84%.
Gross profit for the twelve-month period ended December 31, 2021, was €2.5 million ($3.4M CAD) (8% gross margin) compared to €2.8 million ($3.8M CAD)(12% gross margin) for the same period in 2020. The decrease in gross profit (margin) was due to the increased logistics costs associated with the cost of sales. Gross profit for the three-month period ended December 31, 2021, was €312K ($425K CAD) compared to €580K ($791K CAD) for the same period in 2020.
Operating expenses for the twelve-month period ended December 31, 2021, was €2.7 million ($3.7M CAD) compared to €2.4 million ($3.3M CAD) for the same period in 2020. The operating expenses have stayed within the management's expectation and budgets. Operating expenses for the three-month period ended December 31, 2021, was €0.99 million ($1.4M CAD) compared to €0.98 million ($1.3M CAD) in the same period in 2020.
Net income (loss) for the twelve-month period ended December 31, 2021, was €(0.2) million ($0.3M CAD)compared to €0.5 million ($0.7M CAD) from the same period in 2021. Net income (loss) for the three-month period ended December 31, 2021, was €(0.7) million ($1.0 M CAD) compared to €(0.4) million ($0.6M CAD) for the same period in 2020.
Adjusted EBITDA for the twelve-month period ended December 31, 2021, was €0.7 million ($1.0M CAD) compared to €1.2 million ($1.6M CAD) for the same period in 2020.