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Unisync Corp T.UNI

Alternate Symbol(s):  USYNF

Consumer Cyclical Apparel Manufacturing
Unisync Corp., together with its subsidiaries, manufactures and distributes garments in Canada and the United States. It offers offshore outsourcing, web-based business to business and business to consumer ordering, distribution, and program management systems. The company also provides solutions including consultation and needs assessment, concept development, material selection, prototyping and testing, customization and fit, feedback and iteration services. In addition, it offers an electronic storefront for uniform ordering, employee allotment management, and real-time dashboard analytics. Further, the company offers highly technical protective garments, and military operational clothing and accessories, as well as military and tactical clothing, protective clothing, and outerwear for law enforcement and security services, and outerwear for various application. The company was founded in 1935 and is headquartered in Mississauga, Canada.


TSX:UNI - Post by User

Unisync Corp
Bullboard Posts
User Avatar Image
(5)
•••
  • Froggy1X
Post by Froggy1on Dec 30, 2020 9:53am
257 Views
Post# 32196320

Annual loss 1m

Annual loss 1m

Not bad given c-19.

$1 million loss certainly better than last year's $4 million loss. I noticed they received government welfare to the tune of $1.5 million under the "Canada emergency wage subsidy" - note 16

so that means I would've lost 2.5m.

I noticed the folks from peerless want their 1.5 million this year payable on or before April 10, 2021.

i'm not a financial guy so take my opinion with a grain of salt but I think these guys have a liquidity problem that can only be solved by making profits and leaving that money in the company. I think it will be a five year project to get this company healthy again. 

Bullboard Posts
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