CALGARY, Alberta, Nov. 13, 2017 (GLOBE NEWSWIRE) -- GINSMS Inc. (TSXV:GOK) (the “Corporation”) has announced its financial results for the third quarter and nine months ended September 30, 2017.
The complete financial results for GINSMS are available at www.sedar.com. Highlights include:
Selected Profit and Loss Information
Financial Highlights | Three-month period ended September 30, 2017 (Unaudited) | Three-month period ended September 30, 2016 (Unaudited) | Nine-month period ended September 30, 2017 (Unaudited) | Nine-month period ended September 30, 2016 (Unaudited) | ||||
Revenue ($) | ||||||||
A2P Messaging Service | 1,610,352 | 1,211,177 | 4,582,962 | 4,100,354 | ||||
Software Products & Services | 287,529 | 262,164 | 843,917 | 713,820 | ||||
1,897,881 | 1,473,341 | 5,426,879 | 4,814,174 | |||||
Cost of sales ($) | ||||||||
A2P Messaging Service | 1,460,254 | 1,003,415 | 4,216,796 | 3,480,602 | ||||
Software Products & Services | 304,424 | 182,441 | 641,631 | 540,918 | ||||
1,764,678 | 1,185,856 | 4,858,427 | 4,021,520 | |||||
Gross profit ($) | ||||||||
A2P Messaging Service | 150,098 | 207,762 | 366,166 | 619,752 | ||||
Software Products & Services | (16,895 | ) | 79,723 | 202,286 | 172,902 | |||
133,203 | 287,485 | 568,452 | 792,654 | |||||
Gross margin | ||||||||
A2P Messaging Service | 9.3 | % | 17.2 | % | 8.0 | % | 15.1 | % |
Software Products & Services | (5.9 | )% | 30.4 | % | 24.0 | % | 24.2 | % |
7.0 | % | 19.5 | % | 10.5 | % | 16.5 | % | |
Adjusted EBITDA(1) ($) | 2,346 | (103,129 | ) | (215,252 | ) | (304,517 | ) | |
Adjusted EBITDA margin | 0.1 | % | (7.0 | )% | (4.0 | )% | (6.3 | )% |
Net loss ($) | (166,997 | ) | (377,237 | ) | (817,658 | ) | (1,077,652 | ) |
Net loss margin | (8.8 | )% | (25.6 | )% | (15.1 | )% | (22.4 | )% |
Loss per share ($) | ||||||||
Basic | (0.001 | ) | (0.003 | ) | (0.006 | ) | (0.008 | ) |
Diluted | (0.001 | ) | (0.003 | ) | (0.006 | ) | (0.008 | ) |
About GINSMS
GINSMS is a mobile technology and services company focusing on 2 areas namely its A2P Messaging Service and its Software Products and Services. GINSMS operates a cloud-based A2P messaging service that allows the termination of SMS to mobile subscribers of more than 200 mobile operators globally. GINSMS also develops and distribute innovative software products and services for mobile operators and enterprises and has successfully deployed more than 100 solutions worldwide. GINSMS has offices in China, Singapore, Hong Kong, Malaysia and Indonesia.
For further information, please contact:
GINSMS Inc.
Joel Chin, CEO
Tel: +65-6441-1029
Email: investor.relations@ginsms.com
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.