Day: June 6, 2020

SHARC International Reports on 2019 Fiscal Year

Written by Customer Service on . Posted in Public Companies.

VANCOUVER, British Columbia, June 05, 2020 (GLOBE NEWSWIRE) — SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC” or the “Company”) has filed its financial results for the fourth quarter and fiscal year ended December 31, 2019. All figures are in CDN unless otherwise noted.2019 Financial Highlights:Loss from continuing operations for the year ended December 31, 2019 was $3.3M, a decrease of $1.1M year over year. Through the restructuring of its operations, the Company has reduced its working capital deficit by approximately $1.6M, from $5.12M to $3.5M, between the interim period ended September 30, 2019 and the year ended December 31, 2019. Gross margin of $0.08M at 54% margin in 2019 compared to $0.25M at 46% margin in 2018. Disposed of the UK operations reducing a continued drain on cash...

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Pulse Seismic Inc. Reports Q1 2020 Results

Written by Customer Service on . Posted in Public Companies.

CALGARY, Alberta, June 05, 2020 (GLOBE NEWSWIRE) — Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to report its financial and operating results for the three months ended March 31, 2020. The audited consolidated financial statements, accompanying notes and MD&A are being filed on SEDAR (www.sedar.com) and will be available on Pulse’s website at www.pulseseismic.com.HIGHLIGHTS FOR THE THREE MONTHS ENDED MARCH 31, 2020Data library sales were $2.2 million for the three months ended March 31, 2020 compared to $5.3 million for the three months ended March 31, 2019;The net loss was $2.8 million or $0.05 per share compared to a net loss of $2.7 million or $0.05 per share in the first quarter of 2019;Cash EBITDA was $1.1 million or $0.02 per share compared to $3.1 million or $0.06 per share for the...

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