TSXV:ESTW.H - Post by User
Post by
waves1on Apr 28, 2022 5:26pm
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Post# 34640384
$ESTW reports audited financial results for 2021
$ESTW reports audited financial results for 2021 EasTower Wireless ($ESTW.v) just reported their audited financial results and operating highlights for the 12 months ended Dec 31, 2021.
Highlights:
- Total revenue: $1.49M
- Cost of sales: $852K
- Gross profit: $640K
- Decrease in loss for the year
Now that $ESTW is public, they have better access to the capital needed for expansion as they capitalize on the growing 5G industry. $ESTW CEO, Vlado P. Hreljanovic, noted that their revenue was impacted by the delay in public listing procedures and limited access to growth capital but that there has been a growing trend for 5G infrastructure since.
Plus, with the demand for 5G infrastructure continuing to outpace supply, $ESTW is experiencing an abundance of purchase order requests from major telecoms and tower companies.
https://finance.yahoo.com/news/eastower-reports-full-2021-financial-210000897.html