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Jemtec Inc V.JTC

JEMTEC Inc. provides integrated technology systems for community-based corrections in Canada. The company offers services and technologies for offender monitoring in Canadian federal and provincial correctional departments, and private customers. It also provides various levels of technology, which allows corrections, courts, and police to select from various options ensuring the correct level of offender control. In addition, the company offers offender location detection/verification technologies, include offender reporting through telephone contact, offender reporting kiosks with integrated database, global positioning system active and passive tracking, voice verification, electronic monitoring house arrest systems, remote alcohol in-home monitoring, and private monitoring services. JEMTEC Inc. was incorporated in 1981 and is headquartered in North Vancouver, Canada.


TSXV:JTC - Post by User

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  • DudeRancher1953X
Post by DudeRancher1953on Nov 23, 2022 6:09pm
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Post# 35123482

From today's press release

From today's press releaseQuote from Eric:
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Eric Caton, President and CEO said, "We are very pleased with the Year End results and we continue to see the Company well positioned to grow its core business and increase market share however while revenues have increased by 9% overall in the year over year, the loss of the SOLGEN contract is expected to negatively affect the Company's revenues by approximately 40%" and may affect Net Income by up to 90% pending additional business".
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That last sentence is a bit scary IMO.
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