Tinkerine Announces Quarter 1 Financial Results
2016年5月30日 - 8:00PM
Tinkerine Studios Ltd. (“Tinkerine” or the
“Company”) (TSX-V:TTD) (FSE:WKN WB6B) and (OTC:TKSTF) is
pleased to announce the financial results for the fiscal period
ending March 31, 2016. The Corporation's interim financial
statements and management's discussion and analysis ("MD&A")
for the three months ended March 31, 2016 are available on SEDAR at
www.sedar.com and on the Company website at: www.tinkerine.com.
Highlights Q1 2016
- Revenue of $171,689 for Q1 2016, a 58% increase from the
comparable period ending March 31, 2015.
- Gross Margin of $64,572, a 177% increase from the comparable Q1
2015 period.
- A 32% reduction in expenses in Q1 2016 versus the previous
years’ comparable period.
- Net Loss of $311,223 for the period ending March 31, 2016
versus a net loss of $475,027 in the comparable Q1 2015
period.
- Appointed Mr. Justin Sy as interim Chief Financial
Officer.
- Closing of private placement financing in the amount of
$315,000, subscribed for by insiders and founders of the
Company.
- Increased inventory of raw materials and finished products to
$608,351 in anticipation of cyclical sales to educational
institutions in Q2 and Q3.
Financial Highlights
|
|
|
Q1 2016 |
|
Q1 2015 |
|
Revenue |
|
|
$ |
171,689 |
|
$ |
108,542 |
|
Cost of
Goods Sold |
|
|
$ |
107,117 |
|
$ |
85,191 |
|
Gross
Profit |
|
|
$ |
65,572 |
|
$ |
23,351 |
|
Expenses |
|
|
$ |
375,796 |
|
$ |
551,975 |
|
Net
Income (Loss) |
|
|
$ |
(311,223 |
) |
$ |
(475,027 |
) |
ABOUT TINKERINE STUDIOS
LTD.
Tinkerine Studios designs and manufactures
user-friendly award winning 3D printers and software, with a focus
on STEAM based educational content and online training tools.
Tinkerine also manufactures its own line of high purity filament
for 3D printers.
Tinkerine and Ditto are registered trademarks of
Tinkerine Studios Ltd., all rights reserved.
Additional information on the Company can be
found on the Tinkerine website at www.tinkerine.com or at
www.sedar.com. All sales figures are in Canadian dollars.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
For further information please contact:
Dean Stuart, Investor Relations
T: 403 617 7609
E: dean@boardmarker.net
Tinkerine Studios (TSXV:TTD)
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