Home > Boards > Free Zone > User's Groups > HOTTEST PENNY STOCK PICKS
Followed By 1034
Posts 79627
Boards Moderated 11
Alias Born 03/10/2009

Monday, August 23, 2021 9:52:59 AM

Re: None

Post# of 11449
SSFT~~great here, MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION
Revenues from ongoing operations for the quarter ended June 30, 2021, were $3.85M vs. $2.46M
for the quarter ended June 30, 2020. Gross profit for the quarter ended June 30, 2021, was $0.36M
vs. $0.37M for the quarter ended June 30, 2020. The primary reason for the slight decrease in gross
profit despite the significant growth in revenue was a significant increase in revenues from lower
margin hardware sales, which grew by 568% to $2.36M in the quarter from $0.35M in Q2 of 2020.
The managed services segment contributed $3.61M in revenues over the quarter, while the AI
segment contributed $0.23M. Gross profit margins fell from 15.0% to 9.3% reflecting the shift
towards hardware sales during the quarter.
The Company had a net loss from operations of $0.92M during the quarter ended June 30, 2021,
vs. a loss of $1.73M for the quarter ended June 30, 2020, an improvement of $0.81M (47%). The
net operating loss in the AI services segment declined by $0.54M, a 41% improvement over Q2
2020.
The primary reason for this reduced loss was the impact of cost-cutting measures taken over 2020
in response to the COVID pandemic. Compensation expenses versus the year ago quarter were
down by 49% ($0.51M), and overall operating expenses declined by 39% ($0.83M).
The Company’s cash position at the end of the quarter was $0.54M. Net loss per share from
continuing operations was cut by two-thirds, dropping from $0.006 per share to $0.002 per share

FEATURED A.I.S. Resources Identifies Prospective Drill Targets at Reliance Reef and Provides Bright Gold Project Update May 20, 2022 8:00 AM

Lomiko Announces Commencement of Exploration Drilling for its La Loutre Graphite Project LMR May 19, 2022 10:56 AM

PTOP Announces MOBICARD ™ 2.0 Development Contract has been executed PTOP May 19, 2022 10:00 AM

Edison Lithium Spin-Out of Cobalt Assets EDDYF May 19, 2022 8:00 AM

Goldshore Resources Announces Innovative Technology Application for Moss Lake Project Exploration and Closing of Non-Brokered Financing GSHRF May 19, 2022 8:00 AM

Demand Brands kicks off cultivation at Corralitos Farms DMAN May 18, 2022 2:00 PM

Emerging Markets Report: Details, Details SYTA May 18, 2022 11:48 AM

American Green, Inc. ™ (OTC:ERBB) Purchases 40,000sq.ft. Cannabis Grow Building for $3,750,000 ERBB May 18, 2022 9:25 AM

Green Battery Minerals Completes Resource Expansion Drilling at Zone 1 and Intersects Numerous Holes Ranging from 150 - 200 Feet of Graphite CZSVF May 18, 2022 9:19 AM

Grove Inc. Programmatic Ad Technology, Interactive Offers, Secures Milestone Patent GRVI May 18, 2022 9:11 AM

AgriFORCE Growing Systems Completes Acquisition of Food Production & Processing IP from Manna Nutritional Group (MNG) AGRI May 18, 2022 9:11 AM

HPIL Holding Secures a $CAD 32 Million Capital Commitment from GEM Global Yield LLC SCS ("GEM") HPIL May 18, 2022 9:00 AM

Branded Legacy, Inc. Increases Revenue By Expanding In New York and Florida Company Adds New Disposable Vapes BLEG May 18, 2022 8:30 AM

Demand Brands enters $8.5 million agreement with Truleaf, Inc. to enter the live rosin market DMAN May 18, 2022 8:00 AM

Emergency Response Technologies Inc, a Wholly Owned Subsidiary of ILUS International (Ilustrato Pictures International Inc), Confirms the Appointment of Law Firm Lucosky Brookman LLP to Assist with Upcoming Plans ILUS May 18, 2022 7:35 AM