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URBAN COMMUNICATIONS INC V.UBN

"Urban Communications Inc is a telecommunication company. It develops and operates telecommunications networks in urban areas and provides a full suite of Internet, voice, video and broadband application products."


TSXV:UBN - Post by User

Post by LauraDoveron Aug 30, 2017 2:40pm
94 Views
Post# 26638530

Interim Financial Statements up on Sedar

Interim Financial Statements up on SedarSome selected information:

revenue for 3 months ending June 30 is up from 396,465 to 656,659  (i.e. up about 66%) from previous year

revenue for 6 months ending June 30 is up from 594,141 to 1,230,492 (i.e. up about 107%) from previous year

"attributed to increased revenue from increased montly recurring revenue through multi-year contracts with the commercial and enterprise market"

EBITDA for 3 months ending June 30 is changed from (574,561) to (378,296)  (i.e. a decrease by 34% of the negative EBITDA) ... getting closer to the stated priority of positive EBITDA in 6-12 months

loss per share for 3 months ending June 30  is (0.01)   
The loss changed from (1,038,982) for the 3 months ending June 30 2016 to (856,796) for the three months ending June 30 2017  (i.e. decrease of 18%)
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