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On4 Communications ONCI
(Total Views: 225)
Posted On: 12/14/2018 7:25:16 PM
Post# of 40991
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Posted By: toodles
INPRESSIVE The Company generated sales revenues of $ 4,551,116 during the 12 months ended October 31,2018 compared with sales revenues totaling $ 1,679,105 for the 12 months ended October 31,2017, representing a 171% increase. The Company expects that these revenue sources will continue to substantially grow in future periods. After cost of sales and operating expense, the Company generated operating income of $2,453,810 for the 12 months ended October 31, 2018 compared with operating income of $ 696,221 for the 12 months ended October 31,2017, representing a252V" increase, After interest expense of $ 109,867 and a one-time cost of S 724,893 to complete the Company's debt reorganization and substantial creditor settlements achieved pursuant to the Section 3 (a) (10) process described on page 12,the Company's net income for the 12 months ended October 31,2018 totaled $1,619,050 compared with net income of $542,418 for the 12 months ended October 31,2017, almost a 200% increase
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