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Urbanimmersive Inc V.UI

Alternate Symbol(s):  UBMRF

Urbanimmersive Inc. is a Canada-based company, which develops and markets real estate photography technologies and services. The Company is engaged in developing and commercializing immersive, which is a software as a service (SaaS) platform offering immersive marketing solutions, three-dimensional (3D) photographic equipment and photography services to professional photographers. Its segments include Software, Photographic Equipment and Services. The Software segment offers a SaaS marketing platform to professional photographers and other immersive visual content providers. The Photographic Equipment segment offers a resale service of 3D photographic equipment. The Service segment offers real estate photography and floor plans and measurement services. Its products and services include Print, Visual Media, Property Website, Floor Plan + and 3D Tour & Floor Plan. Through its HomeVisit printing facilities, it provides print solutions for real estate agents.


TSXV:UI - Post by User

Post by kaykay22222on Mar 21, 2023 4:22am
329 Views
Post# 35350442

Again regarding financial statement Q1

Again regarding financial statement Q1Yes, we made a net loss of $1.1m. But when you look closer $500k was non-recurring M&A and Setup costs and $600k non-cash relevant costs (shares, amortization, ...) So we pretty much broke even on the worst quarter ever (mortgage rates 7%+ and no inventory) - Also current assets $2.7m vs current liabilities $1.5m (the current portion of long term debt of $3.5m is misleading, because it will be rolled over in Dec) - so net working capital of $1.2m against a real  cash burn of $100k-150k. So we should have liquidities for the next 10 quarters. I don't talk about better revenue situation when the market pivots or cost initiatives that are underway.
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