Peeks Social Generates $1.7 Million Revenue Q3 2019
30 1월 2019 - 9:30PM
Peeks Social Ltd. (TSXV: PEEK; OTCQB: PKSLF) (“
Peeks
Social” or the “
Company”) announced that
the unaudited condensed consolidated interim financial statements
(“Financial Statements”) and Management’s Discussion and Analysis
(“MD&A”) for the three and nine months ended November 30, 2018
(“Q3 2019”), are now available on the Company’s profile on SEDAR
(www.sedar.com). The three months ended November 30, 2018,
represent the third quarter of the Company’s 2019 fiscal year.
It is important to note that this is the third
reporting period of the Company following the completion of the
acquisition of Personas.com Corporation (“Personas”) in May 2018
(see press release dated May 8, 2018). As the acquisition of
Personas constituted a reverse acquisition, the Financial
Statements are a continuation of the financial statements of
Personas, and the comparative results are those of Personas, prior
to the acquisition. Due to a change in the year end of Personas,
the comparative results represent the three (“Q3 2018”) and eleven
months ended November 30, 2017, which should be taken into account
when reviewing comparative numbers.
Select quarterly highlights include the
following:
- The Peeks Social platform generated gross revenue of $1.7
million during Q3 2019, up from $1.3 million during Q3 2018;
- GAAP net loss decreased to $0.7 million in Q3 2019 from $1.2
million in Q3 2018. GAAP net loss was $1.6 million in Q2 2019;
- GAAP net loss per share was $0.003 for Q3 2019 as compared to
$0.011 for Q3 2018. GAAP net loss per share was $0.007 for Q2 2019;
and
- User sessions were 5.91 million for the three months ended
November 30, 2018, as compared to 5.78 million for the three months
ended November 30, 2017 (and as compared to 6.50 million for the
three months ended August 31, 2018).
Certain information provided in this news release is extracted
from the unaudited condensed consolidated interim Financial
Statements and MD&A of the Company for the three and nine
months ended November 30, 2018, and should be read in conjunction
with them. It is only in the context of the fulsome information and
disclosures contained in the unaudited condensed consolidated
interim Financial Statements and MD&A that an investor can
properly analyze this information.The Peeks Social app can be
downloaded in either the Apple or Google app stores, or by visiting
www.peeks.social.
For further information, please contact:
Peeks Social
Ltd. Mark Itwaru Chairman & Chief Executive Officer
416-639-5339 mark@peeks.com |
David Vinokurov
Director Investor Relations 416-716-9281
davidv@peeks.com |
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) has reviewed or accepts responsibility for the
adequacy or accuracy of this Release.
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