Tinkerine Announces Record Net Income of $243,755 in Quarter 3
2016年11月28日 - 9:02PM
Tinkerine Studios Ltd. (“Tinkerine” or the
“Company”) (TSX-V:TTD) (FSE:WB6B) (OTC:TKSTF) is pleased
to announce the financial results for the fiscal period ending
September 30, 2016. The Corporation's interim financial statements
and management's discussion and analysis ("MD&A") for the three
months ended September 30, 2016 are available on SEDAR at
www.sedar.com and on the Company website at: www.tinkerine.com.
Highlights Q3 2016
- Record Net Income of $243,755 for the period ending September
30, 2016 versus a net loss of $138,589 in the comparable Q3 2015
period.
- Revenue of $826,960 for Q3 2016, 77.5% above Q3 2015 revenue of
$465,780.
- Gross Profit of $512,301, a 98.4% increase from the comparable
Q3 2015 period.
- A 32.3% reduction in expenses in Q3 2016 versus the previous
years’ comparable period.
- Launched Ht Filament and Limited Series Filament Initiative,
bringing more choices to customers and greatly complementing the
Company's existing product line.
- Launched professional development (PD) courses for the
Tinkerine U platform designed to increase literacy in 3-D printing
skill set and knowledge, and will provide progression for both
educators and professionals looking to get a firm understanding of
the 3-D printing space and related skills.
- Continued development of the Tinkerine U platform allowing for
education and engagement of customers.
Financial Highlights
|
Q3 2016 |
Q3 2015 |
Revenue |
$ |
826,960 |
|
$ |
465,780 |
|
Cost of
Goods Sold |
$ |
314,659 |
|
$ |
207,554 |
|
Gross
Profit |
$ |
512,301 |
|
$ |
258,226 |
|
Expenses |
$ |
268,547 |
|
$ |
396,815 |
|
Net
Income (Loss) |
$ |
243,755 |
|
$ |
(138,589 |
) |
Tinkerine continues to introduce its portfolio
of 3D printing products and services to educational institutions in
Canada, the United States and international locations. With
increased emphasis on the development of the Tinkerine U platform,
the Company is well positioned to implement new curriculums for
elementary, high school and post-secondary learning
institutions.
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.
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
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