Pioneering Technology Corp V.PTE

Alternate Symbol(s): PTEFF

Technology Scientific & Technical Instruments

Pioneering Technology Corp. is a Canada-based energy smart technology company. The Company is engaged in cooking fire prevention technologies and products. The Company’s cooking-fire prevention products address the problem of cooking fires. The Company is focused on developing advanced thermo-based technology solutions for opportunities that exist to improve the safety and/or energy efficiency of common household products and appliances. The Company’s product solutions help reduce cooking fires and false alarms by helping prevent these types of fires from starting in the first place. Its proprietary cooking fire prevention solutions include Smart Element (SE), SmartBurner, RangeMinder and Safe-T-sensor and are suitable for the majority of the more than 140 million stoves/ranges and over 140 million microwave ovens in use throughout North America. The Company has other product solutions and is focused on commercializing/distributing other fire prevention technologies.

TSXV:PTE - Post by User

Pioneering Technology Corp

Bullboard Posts

Post by SuperMoneyon Aug 29, 2019 10:51pm

178 Views

Post# 30081746

Q3-2019 financial results

Please read the Q3-2019 financial results at:

https://ceo.ca/@newswire/pioneering-technology-reports-2019-q3-financial-results

The followings are quoted from the above report:

- During the first three quarters of 2019, revenue increased 7%, expenses decreased by 21% and the net loss has improved 41% vs. the previous three quarters. Adjusted EBITDA is also trending in the right direction with a 45% improvement vs. the previous three quarters.

- Strong Balance Sheet: As at June 30, 2019, the Company had no debt, approximately $2.5 million in cash and short-term investments and total current assets of approximately $7.4 million. The Company currently has significant fully paid inventory on hand, most of which was purchased prior to the implementation of U.S. government tariffs. The Company expects that this inventory will allow it to meet current demand for the next several months and maintain current gross profit margins.

(Please be noted that this is NOT any investment advice. Do your own DD.)

Bullboard Posts

3 Mid-Sized Stocks to Consider This Season