GPC isn't just your typical cyprtocurrency stock. This company already owns numerous cash flow positive ventures including many rental properties. They made their first profit last quarter of $128K. Now their reinvesting all their profits into new ventures like BitBlox.
Symbol C : GPC
Shares Issued 30,910,256
Close 2017-11-28 C$ 0.055
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Gunpowder Capital earns $128,132 in Q3 2017
2017-11-28 08:49 MT - News Release
Mr. Frank Kordy reports
GUNPOWDER CAPITAL CORP., RELEASES RESULTS FOR THIRD QUARTER 2017, POSTS FIRST EVER QUARTERLY PROFIT
Gunpowder Capital Corp. has released a summary of its financial results for the three and nine months ended Sept. 30, 2017. Key highlights include:
The corporation posted its first-ever quarterly profit, which amounted to $128,132. This result was heavily driven by the successful completion of one of the company's go-public mandates; and while the company continue to build out recurring revenues, these large gains tied to go-public work are expected to continue and add large quarterly spikes in revenue and profit when completed.
Q3 2017 revenues increased to $680,501 from $45,336 in Q3 2016, representing a 1,401-per-cent increase.
Q3 2017 revenues increased to $680,501 from $255,184 in Q2 2017, representing a 167-per-cent increase for the three-month period.
Year-to-date 2017 (first nine months) revenues were $1,029,876 versus $79,725 for the first nine months of 2016, representing a 1,192-per-cent increase.
Q3 2017 fully diluted earnings per share improved to nil versus a fully diluted loss of three cents recorded for the same time period last year.
Total assets increased to $7,739,972 in Q3 2017 from $2,838,587 as at Dec. 31, 2016, representing a 173-per-cent increase.
The corporation's interim unaudited condensed consolidated financial statements and management discussion and analysis for the three and nine months ended Sept. 30, 2017, and 2016 have been posted both on the corporation's SEDAR profile page and on the corporation's website.
Paul Haber stated: "Our business model has both demonstrated and as shown continued momentum in Q3 2017, and we expect the momentum in our business to continue. Despite the fact that our business model is still in its infancy, the corporation recorded year-to-date revenues of $1,029,876, which is a corporate record. Furthermore, I am very pleased that the corporation posted its first-ever quarterly profit. I, and the rest of the business development team, remain focused in sourcing revenue generating assets to acquire and seeking out profitable business deals that the corporation can enter into."
Frank Kordy stated: "I'm extremely pleased by the very strong performance that occurred in Q3. As I previously stated at our AGM [annual general meeting], since making key operational and structural changes to the corporation, we have gained substantial momentum in our business model throughout fiscal 2016 and, thus far, throughout fiscal 2017. This momentum is reflected in the dramatic increase in the corporation's total assets ledger and can easily be seen by the corporation's rapidly increasing revenue streams. The management team will continue to work hard in advancing the corporation forward, and we will remain focused on increasing the corporation's asset pool and incoming revenue streams."
About Gunpowder Capital Corp.
Gunpowder Capital is a merchant bank and advisory services firm based in Toronto, Ont., Canada. Gunpowder invests in both publicly traded and private businesses that have successful management teams and attractive economic models. Gunpowder offers debt financing (including mezzanine and bridge loans), equity financing and advisory services. Gunpowder is also building a portfolio of companies in which it takes a long-term position and view.
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