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FRNT Financial Inc V.FRNT

Alternate Symbol(s):  FRFLF

FRNT Financial Inc. (FRNT) is a Canada-based financial technology company that provides a capital markets trading platform for institutional investors to access alternative trading opportunities. The Company operates an institutional capital markets and advisory platform. It intends to present a new set of opportunities, primarily through synthetic exposure to cryptocurrency, targeted to institutional investors (non-retail) while maintaining a lean, technology-forward operation. FRNT leverages different technologies in its business, including its SEM Trade user interface and chat interface to interact with clients and automatically deliver quotes for Over the Counter (OTC) derivatives, and front-end and back-end trading technology developed by FRNT and licensed to different trading firms. FRNT's client-facing business lines are OTC derivatives; technology licensing around deliverable services; treasury management, and research licensing.


TSXV:FRNT - Post by User

Post by Justdosomeddon Jun 06, 2022 2:19pm
326 Views
Post# 34734780

Q3 2022 Financial Results

Q3 2022 Financial Results
$FRNT.V (FRNT Financial) recently released their quarterly results. They've shown some really impressive improvements and growth as they continue to bring institutional investors into the crypto space through their services. I'll list some of the highlights below.
 
- A record $1.14M in revenue for the quarter (up from just $40K last year).
- Adjusting the net loss for the period for non-cash items (i.e. interest expense, change in unrealized gain on investments, government assistance, share-based compensation and depreciation), results in an adjusted net income of $652,265 compared to an adjusted net loss of $277,361 in 2021
- $1.6M of cash on hand with a very healthy current ratio of 5 puts them in a good position for longevity without the need for immediate capital raises.
 
Check it out here: https://www.newswire.ca/news-releases/frnt-financial-announces-q3-2022-financial-results-876310381.html](https://www.newswire.ca/news-releases/frnt-financial-announces-q3-2022-financial-results-876310381.html
 
Great to see the company’s continued growth as they look to expand operations. Their non-directional asset focus has helped them greatly weather the recent market downturn. The new OSC Portfolio Management license will allow $FRNT.V to increase its services as an asset manager. Overall, great results from the release, so I'm excited to see what they bring next. Considering the revenue growth, the current valuation is definitely something to keep an eye on.
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