ScreenPro Security Inc. is pleased to report that it has filed on SEDAR its financial statements and related management discussion and analysis for the seven-month financial results ending June 30, 2021 . All currency is in Canadian dollars unless otherwise stated. Please refer to the filings in its entirety, which are available under ScreenPro profile at Q2 2021 Financial Summary The Company reported revenue of …
ScreenPro Security Inc. (CSE: SCRN) (“ScreenPro” or the “Company”) is pleased to report that it has filed on SEDAR its financial statements (“FS”) and related management discussion and analysis (“MD&A”) for the seven-month financial results ending June 30, 2021 (“Q2 2021”). All currency is in Canadian dollars unless otherwise stated.
Please refer to the filings in its entirety, which are available under ScreenPro profile at www.sedar.com.
Q2 2021 Financial Summary
The Company reported revenue of $5,497,441 and net earnings of $140,485 in Q2, 2020. The Company also significantly improved its cash balance, $963,124, compared to $32 in cash in Q2 2020.
Path to Profitability: The Company made strong progress throughout the second quarter accelerating its path to profitability by identifying revenue opportunities, including a rebalancing the staff and payroll, opening the testing office in Toronto and Vancouver, and consolidating its supply chain pipelines. This is reflected in the significantly improved margin in Q2 2021.
Fiscal highlights of Q2 and subsequent...
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