Bullboard - Stock Discussion Forum Cortex Business Solutions Inc. CTPNF

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"Cortex Business Solutions Inc is a network-as-a-service company, which focuses on helping businesses within North America to transform their manual and costly invoice processes by enabling buyers and suppliers to send and receive invoices electronically."

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OTCPK:CTPNF - Post Discussion

Cortex Business Solutions Inc. > Financials Out on Sedar

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Post by stochmod on Jun 13, 2017 6:23pm

Financials Out on Sedar

The Company achieved positive cashflow from operations of $241,456, positive net income of $19,847 and income before finance income and income tax of $35,725.

One of the more interesting trends in the quarter was the recovery of usage fees, which grew 26% in the quarter; compared to a decline of 4% for the nine month period. This trend is in line with the Company’s billable transaction increase of 24% in the quarter compared to 4% during the nine months. This growth occurred in spite of one month of spring breakup in the quarter. The Network is seeing an increase in the volume of transactions as new buyers go live on the Network as well as stabilization in the energy sector.

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