8M yearley revenue with 46% margin, Out standing debt paid Nov 19,2019, Tight share structure only 2.3M public float with mostly held by previous management.
Adya Announces Results for the Three and Nine Months Ended September 30, 2019
Adya Inc. (“Adya” or the “Company”), (TSX-V: ADYA) today announces it has released its unaudited condensed interim consolidated financial statements for the three and nine months ended September 30, 2019 and 2018.
SUMMARY OF SELECTED FINANCIAL AND OPERATIONAL HIGHLIGHTS
The following Summary of Selected Financial and Operational Highlights have been derived from the unaudited condensed interim consolidated financial statements and Management Discussion and Analysis for the three and nine months ended September 30, 2019 and 2018 (the “Financial Statements”). Readers are encouraged to review the entire Financial Statements. All amounts are in Canadian dollars. The Company continues to review its strategic options.
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| | Three months ended September 30, | Nine months ended September 30, |
| | 2019 | 2018 | 2019 | 2018 |
| Revenue | $ 1,734,724 | $ 2,021,043 | $ 5,420,238 | $ 6,442,072 |
| Gross Margin | $ 796,405 | $ 885,495 | $ 2,463,118 | $ 2,725,555 |
| Gross Margin % | 46% | 44% | 45% | 42% |
| EBITA | $ (27,005) | $ 8,456 | $ (6,235) | $ (34,560) |
| Adjusted EBITA | $ (27,005) | $ 8,456 | $ (47,195) | $ (34,560) |
| Net loss | $ (99,967) | $ (85,635) | $ (239,180) | $ (198,831) |
| Loss per share | $ (0.04) | $ (0.04) | $ (0.10) | $ (0.08) |
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A complete financial reporting package, including the unaudited condensed interim consolidated financial statements and notes and MD&A for the three and nine months ended September 30, 2019, is available on our corporate website (www.adya.ca), at SEDAR website (www.sedar.com) or via email to investorrelations@adya.ca or via phone at 416-499-5463.
ABOUT ADYA
Adya is a publicly traded holding company, with offices located in Toronto, Canada, and currently a strategic shareholder in telecommunications and technology companies.