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Pioneering Technology Corp V.PTE

Alternate Symbol(s):  PTEFF

Pioneering Technology Corp. is an energy smart technology and consumer products company. The Company is focused on developing advanced thermo-based technology solutions for household products and appliances. The Company operates through the development, manufacture and sale of products intended to save energy and offer consumer convenience and safety. The Company’s products include Smart Burner, Smart Range, Smart Micro, SmartBurner Polish, Standard Ring Replacement Set and Low Profile Ring Replacement Set. SmartRange monitors changes in the range’s cooking temperature and signals a pre-alarm if a cooking fire risk is detected. With patented temperature limiting control (TLC) technology, SmartBurner easily replaces electric coil elements and prevents the burner from reaching the temperature at which cooking oils auto-ignite. SmartMicro helps prevent unnecessary alarm activations. It also helps guard against microwave fires from starting.


TSXV:PTE - Post by User

Post by Captain71on Aug 31, 2023 8:17am
131 Views
Post# 35613370

Q3

Q3Certainly nice to see quarterly revenue back up above the million mark.

Net loss of 197k looks a little worst than it actually is. Strip out the stock options cost and the foreign exchange loss and that number is only around 53K. The increase in sales and marketing expenses of nearly 67K makes the net loss look worst as well, but that should be money well spent and result in a revenue increase in future quarters.

All in all, not a bad quarter. Company is seeing sales increase and they are investing to drive future sales.

Looking forward to the next few quarters to see if management can continue to increase revenue and return to profitability.

GLTA

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