Cash Revenue assets Massive revenue!!!
Post# of 848
(Total Views: 100)
Posted On: 10/25/2017 3:08:58 PM
Mantra Venture Group Reports Quarterly Earnings for Period Ending August 31, 2017
BY GlobeNewswire
— 12:20 PM ET 10/23/2017
LONGWOOD, Fla., Oct. 23, 2017 (GLOBE NEWSWIRE) -- Mantra Venture Group, today reported financial results for the quarter period ending August 31, 2017.
Roger Ponder, CEO of the Company stated, "This is our first full quarter of revenue in our transition period from 'Mantra Venture Group, Ltd to 'Spectrum Global Solutions, Inc.' Revenues for the quarter exceeded $3 Million as we continue to execute on our work in progress and pipeline of sales opportunities."
Mr. Ponder continued: “Our recent acquisitions are demonstrating strong immediate revenue growth. As we transition to Spectrum Global Solutions we will attempt to continue this growth in our company both organically and through strategic accretive acquisitions.”
Financial Highlights:
Revenue for the three month period ended August 31, 2017 was $3,115,921 as compared to only $0 for the same period in 2016. The gross profit on this new revenue was $607,169. This was the result of the new subsidiaries acquired in April 2017.
Statement of Operations Data:
Revenues $ 3,115,921
Gross profit 607,169
Operating expenses 886,019
Balance sheet data for period ended August 31, 2017:
Cash $ 158,207
Accounts receivable, net 1,889,416
Total current assets 2,059,693
Goodwill and intangible assets, net 1,503,633
Total assets 5,079,882
BY GlobeNewswire
— 12:20 PM ET 10/23/2017
LONGWOOD, Fla., Oct. 23, 2017 (GLOBE NEWSWIRE) -- Mantra Venture Group, today reported financial results for the quarter period ending August 31, 2017.
Roger Ponder, CEO of the Company stated, "This is our first full quarter of revenue in our transition period from 'Mantra Venture Group, Ltd to 'Spectrum Global Solutions, Inc.' Revenues for the quarter exceeded $3 Million as we continue to execute on our work in progress and pipeline of sales opportunities."
Mr. Ponder continued: “Our recent acquisitions are demonstrating strong immediate revenue growth. As we transition to Spectrum Global Solutions we will attempt to continue this growth in our company both organically and through strategic accretive acquisitions.”
Financial Highlights:
Revenue for the three month period ended August 31, 2017 was $3,115,921 as compared to only $0 for the same period in 2016. The gross profit on this new revenue was $607,169. This was the result of the new subsidiaries acquired in April 2017.
Statement of Operations Data:
Revenues $ 3,115,921
Gross profit 607,169
Operating expenses 886,019
Balance sheet data for period ended August 31, 2017:
Cash $ 158,207
Accounts receivable, net 1,889,416
Total current assets 2,059,693
Goodwill and intangible assets, net 1,503,633
Total assets 5,079,882
(0)
(0)High Wire Networks Inc. (HWNI) Stock Research Links
Scroll down for more posts ▼