Unisync Corp T.UNI

Alternate Symbol(s): USYNF

Consumer Cyclical Luxury Goods

Unisync Corp. (Unisync) is a Canada-based vertically integrated company with capabilities in garment design, domestic manufacturing, and offshore outsourcing, including Web based business-to-business (B2B) and business-to-consumer (B2C) ordering, distribution, and program management systems. Unisync operates through two business units: Unisync Group Limited (UGL) with operations throughout Canada and the United States of America, and Peerless Garments LP, a domestic manufacturing operation based in Winnipeg, Manitoba. UGL is a customer-focused provider of corporate apparel, serving various brands, such as Air Canada, Alaska Airlines, Purolator, Canadian Coast Guard, Shoppers Drug Mart, Sobeys, Tim Hortons and WestJet. The Peerless specializes in the production and distribution of technical protective garments, military operational clothing and accessories for federal, provincial and municipal government departments and agencies.

TSX:UNI - Post by User

Unisync Corp

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Post by Froggy1on Dec 30, 2020 9:53am

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Post# 32196320

Annual loss 1m

Not bad given c-19.

$1 million loss certainly better than last year's $4 million loss. I noticed they received government welfare to the tune of $1.5 million under the "Canada emergency wage subsidy" - note 16

so that means I would've lost 2.5m.

I noticed the folks from peerless want their 1.5 million this year payable on or before April 10, 2021.

i'm not a financial guy so take my opinion with a grain of salt but I think these guys have a liquidity problem that can only be solved by making profits and leaving that money in the company. I think it will be a five year project to get this company healthy again.

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