INEO Tech Corp V.INEO

Alternate Symbol(s): INEOF

Technology

INEO Tech Corp. is a Canada-based retail technology company. The Company provides retailers with targeted digital advertising and customer analytics solutions integrated with theft protection systems. The Company’s segments include Loss Prevention, Fabrication and Retail Media. The Loss Prevention segment is engaged in the sale of security technology, electronic article surveillance systems, and supplies. Its Fabrication segment specializes in precision CNC cutting, routing, and drilling for various industries and sectors. Its Retail media segment is engaged in providing advertising services. Its patented loss prevention technology and infrastructure delivers a unified platform to run digital signage throughout the store. The Company, through its wholly owned subsidiary, INEO Solutions Inc., operates the INEO Media Network, a digital advertising and analytics solution for retailers, and INEO Retail Media, an advertising sales provider for in-store retail media.

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INEO Tech Corp > Q1 Sept 30 results

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Post by Awardedon Nov 29, 2021 10:17pm

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Post# 34178447

Q1 Sept 30 results

Compared to the same quarter on yeat ago:

Sales up 61%
Cost of sales up 42%
Gross Profit up 93%
Gross margin % up 20%
Total expenses up 173%
Net loss up 206%

While sales and profit margins are going in the correct direction, better control is needed on the expenses to generate those figures.

Soon, attention must shift to the bottom line