TSXV:TKX.H - Post by User
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Hawkdogon Aug 30, 2017 3:21pm
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quarter numbers are out
quarter numbers are out TrackX Reports a 324% Year-Over-Year Revenue Increase in Nine-Month Period CEO Provides Update on Operations DENVER — August 29, 2017— TrackX Holdings Inc. (TSX.V:TKX) (“TrackX” or the “Company”), an enterprise IIoT software platform provider for the management of physical assets, announces the financial and operational highlights from its third quarter ended June 30, 2017, and provides an update on its ongoing operations. All results are reported in Canadian dollars unless otherwise specified. A complete set of the June 30, 2017 Consolidated Financial Statements and Management’s Discussion & Analysis have been filed on SEDAR (www.sedar.com). | |
Financial Highlights
- Revenues for the nine months ended June 30, 2017 were $3,839,024, a 324% increase over the $904,816 reported for the nine months ended June 30,016.
- Revenues for the three months ended June 30, 2017 were $878,331, a 167% increase over the $328,438 reported for the three months ended June 30, 2016.
- Gross profit for the three months ended June 30, 2017 was $286,150, representing 32.6% of revenues versus ($55,436) for the comparable three-month period ending June 30, 2016.
- Adjusted EBITDA loss for the three months ended June 30, 2017 was ($1,070,487) compared to a loss of ($980,533) for the prior year’s comparable period.
- Recurring software revenue increased 118% in 2017 over the same nine-month period ended June 30, 2016.
- Cash at the end of the period was $2.3 million.
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