TSXV:ESTW.H - Post by User
Post by
Stockydocon Apr 28, 2022 5:26pm
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Post# 34640385
$ESTW financials
$ESTW financials $ESTW.v announced their year end 2021 financial results today. Here's some details - Total revenue was $1.49M in 2021 compared to $2.89M in 2020 - Cost of sales decreased to $852k in 2021 compared to $1.67M in 2020 - Gross profit of $640k in 2021 compared to $1.22M in 2020 - Loss of $1.19M in 2021 compared to $2.03M in 2020 The decrease in revenues is due to delayed public listing procedures and limited access to growth capital. Big companies like Microsoft, Blackstone, and Spotify are planning to expand and relocate to Florida so $ESTW is in a great position to support the growing commercial activity. Demand for the development of 5G is growing, so there is a significant opportunity for $ESTW in a huge market. Long term, $ESTW.v has so much potential. https://www.newswire.ca/news-releases/eastower-reports-full-year-2021-financial-results-826826606.html