TSXV:OEE.H - Post by User
Post by
Louis1000000on Feb 27, 2020 4:57am
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Post# 30739020
First Quarter results are out on Sedar
First Quarter results are out on SedarOVERALL PERFORMANCE Memex reported $544 thousand in revenue for the first quarter of 2020, compared to $693 thousand in the same period a year ago, a decrease of 22%; The Company showed a $506 thousand net and comprehensive loss for Q1-2020, equating to an $0.004 loss per share, compared to a $348 thousand net and comprehensive loss the same period a year ago, and a $0.003 loss per share; Bookings for the first quarter of fiscal 2020 totalled $727 thousand versus $1.04 million in the same period a year ago, down 30%; Gross margin percentage for the year of 61.0% is down from 67.0% experienced in Q1-2019; Cash consumed from operating activities (before changes in working capital balances) was $423 thousand for the first three months of fiscal 2020, up $122 thousand from the first three months of the prior year; and The Company had a $139 thousand working capital deficit and $529 thousand in cash on hand at December 31, 2019, as compared with a $356 thousand in working capital surplus and $740 thousand in cash at September 30, 2019