Pioneering Technology Corp PTEFF

Primary Symbol: V.PTE

Consumer Cyclical

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 > Q1

<< Previous

Bullboard Posts

Next >>

Post by Captain71on Mar 02, 2021 9:27am

289 Views

Post# 32693524

Q1

Revenue 1.1 mil. Would have liked to see another 200k or so but still higher than the 1.0 mil in Q4.

Loss of 673k was a bit more than expected. Was hoping for less than 350K. Strip out the one time marketing expense of 200k or so and loss was still around 450k.

Overall would have liked to see a little better financial performance but certainly could have been worst in the midst of a pandemic.

I still think this company returns to profitability in fiscal 2021.

GLTA

<< Previous

Bullboard Posts

Next >>

Investor’s corner: Solving chronic pain in dogs – A significant market opportunity