Second Quarter and First Six Months of 2021 Winnipeg, Manitoba--(Newsfile Corp. - August 30, 2021) - Novra Technologies Inc. (TSXV: NVI) ("Novra") has announced its financial results for the six months ended June 30, 2021. All amounts are in Canadian dollars unless otherwise noted.
First Six Months 2021 Consolidated Financial Results
Novra's financial results for the first six months of 2021 were strong, with net income of $795 thousand and revenue increasing by 117% compared to the same period in 2020. This solid performance was built on the significant backlog brought into 2021 and the acceleration of new bookings that has continued into early 2021. We currently have an order backlog of approximately $4.6 million and at June 30, 2021 we also had more than $850 thousand in deferred revenue.
https://www.newsfilecorp.com/release/94923/Novra-Announces-Financial-Results-for-the-Second-Quarter-and-First-Six-Months-of-2021