Post by
Captain71 on Aug 31, 2023 8:17am
Q3
Certainly 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