Urthecast Corp T.UR

RE:what a fawking embarrassment and obvious PURE BS.

[ernieballs77]

Somebody getting rich from all these loss's...lmao....and it aint investors.

NET LOSS's anyone?? lmao.....PISS TANKIING GARBAGE

The net loss from continuing operations of $2.5 million in the first quarter of 2020 increased compared to $1.1 million in the first quarter of 2019, due to the higher operating costs, as described above, and  increased finance costs associated with its various debt facilities and UrtheDaily financing activities, partially offset by a more favourable foreign exchange gain (loss) than in the prior year. The net loss also includes a lower gain on derivative financial instruments of $2.6 million for the first quarter of 2020, compared to a gain of $3.5 million in the first quarter of 2019.

The net loss from discontinued operation of $8.6 million in the first quarter of 2020 increased compared to a net loss from discontinued operation of $5.1 million in the same period of 2019, primarily due to an impairment charge of $7.4 million in the first quarter of 2020, partially offset by the impact of lower depreciation and amortization as the Company ceased depreciating Deimos Imaging's assets effective April 1, 2019 due to their held for sale classification. The SG&A costs of Deimos Imaging have decreased from $2.5 million in the first quarter of 2019 to $1.6 million in the first quarter of 2020 largely as a result of the Company's cost reduction initiatives.