TSXV:VOTI.H - Post Discussion
Post by
Betteryear2 on Sep 28, 2021 4:34pm
Reports Third Quarter Results
Improved Results & Significant Strengthening of Leadership Team Highlight Quarter
- Third quarter revenue of $5.6 million vs. $3.9 million posted in Fiscal 2020, an increase of 45%
- Gross margin of 38% as company continues to benefit from sales of higher margin Matrix Series X-Ray scanners
- Positive Adjusted EBITDA achieved in the quarter
- Company delivered 170 security scanning systems to a wide range of global clients across a diversified base of sectors versus 95 sold in Q3 of fiscal 2020, an increase of 79%
- Important inroads continue to be made within the sports and entertainment as well as the state and local government verticals
- New 3 year supply agreement signed with the United Nations High Commissioner for Refugees
- Significant strengthening of executive team with key hires of seasoned industry veterans
- Due to the slower than anticipated post COVID recovery and the impact of the disruption in the global supply chain, now expecting a 26% increase in year over year Fiscal 2021 revenues versus original expectation of a 47% revenue increase
MONTREAL, Sept. 28, 2021 /CNW Telbec/ - VOTI Detection Inc. ("VOTI" or "the Company") (TSXV: VOTI), a leading-edge Canadian technology company that develops latest-generation X-ray security systems based on 3D Perspective™ technology, today announced results for its third quarter ended July 31, 2021.
Be the first to comment on this post