iSign Financials Show Revenue Gains, But Continued Operating Losses
December 30, 2013 by Dave Haynes
iSIGN Media Solutions has pushed out its financials for the three and six month periods ending October 31, 2013, showing the company is doing better but still losing a lot of of money.
Says a news release:
The total revenues for the Company for the three month period ended October 31, 2013 grew 58.3% from the prior year. For the six month period ended October 31, 2013 total revenues grew 39.6% from the prior year.
Revenue for the quarter ended October 31, 2013 was $233,524 compared to $147,520 from the prior year. Revenue for the six month period ended October 31, 2013 was $402,422 compared to $288,375 from the prior year. The increase is revenue is related to the advertising revenue generated by the Company’s digital signage networks.
Net loss for the three month period ended October 31, 2013 was $725,429 compared to $1,482,556. For the six month period ended October 31, 2013, the net loss was $1,667,556 compared to $2,554,739 from the prior year.
The decrease in the net loss is partially the result of last year’s impairment of goodwill or $567,549 combined with decreases in depreciation and amortization and non-capital research and development costs
iSIGN’s management and its newly elected Board are committed to improving the Company’s financials as well as growing the Company.
This is the Toronto-area company that’s been around several years, playing in advertising through a digital OOH network in Canadian C-stores and its own flavour of proximity marketing via Bluetooth.
You can follow the often amusing comments of hypers and bashers on this over the counter stock on this bulletin board.
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