Peeks Social Files Unaudited Interim Consolidated Financial Statements for Q2 2020 and an Amended and Restated Q1 2020
01 11월 2019 - 5:48AM
Peeks Social Ltd. (TSXV: PEEK; OTCQB: PKSLF) (“
Peeks
Social” or the “
Company”) announced that
the unaudited consolidated interim financial statements (“Financial
Statements”) and Management’s Discussion and Analysis (“MD&A”)
for the three and six months ended August 31, 2019 (Q2), as well as
the amended and restated three months ended May 31, 2019 (Q1) are
now available on the Company’s profile on SEDAR (www.sedar.com).
The year ended February 28, 2020, represents the Company’s 2020
fiscal year.
Selected highlights for the three and six months ended
August 31, 2019 (Q2 2020) as follows:
- The Peeks Social platform generated gross revenue of $1.7
million during the six months period ended August 31, 2019 while
gross margin had improved by 18% to 40% from 22% in the six months
ended August 31, 2018
- At the same time Gross revenues generated from the platform for
the three months ended August 31, 2019 was $0.913 million with the
same gross margin improvement of 17% to 42% from 25% in the same
period of 2018
- GAAP net loss decreased to $1.4 million in six months ended
August 31, 2019 from $2.3 million in the same period 2018; and for
the three months ended August 31, 2019, GAAP net loss decreased to
$0.75 million as compared to $1.6 million for the same period in
2018
- GAAP net loss per share was $0.006 for the six months ended
August 31, 2019 as compared to $0.011 for same period in 2018; and
for the three months ended August 31, 2019 GAAP net loss per share
was $0.003 as compared to $0.007 for the same period in 2018
- Shareholders equity surplus improved to $1.3 million as at
August 31, 2019 up from $0.74 million as at February 28, 2019
Changes highlighted -
Restated and Amended three months ended May 31,
2019
- Gross revenue generated from the platform in Q1 2020 remained
the same at $0.810 million
- GAAP net loss increased slightly to $0.670 million from $0.596
million for Q1 2020
- GAAP net loss per share increased slightly to $0.003 from
$0.002
- The opening balances on Balance Sheet for the three-month
period ended May 31, 2019 was adjusted to reflect the ending
balances as per the FY2019 Audited Financial statements as a result
of the application of IFRS3 to account for the amalgamation
happened during the year ended February 28, 2019. Highlights of the
impact are as follows: ° Total Assets increased to $6.6
million mainly due to recognition of Goodwill of $5.8 million
° Shareholders’ equity changed to a surplus of $0.324 as
opposed to a deficit of $4.4 million previously recorded
° Total liabilities increased to $6.2 million from $5.3
million
Certain information provided in this news
release is extracted from the Audited Consolidated Financial
Statements and MD&A of the Company for the year ended February
28, 2019, 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.
The Cease Trade Order (“CTO”) effective
September 9, 2019, issued by the Ontario Securities Commission
(“OSC”) for the Company is still in effect, however, the Company
intends to address any additional conditions, if any, imposed by
the OSC. The Company will provide an update on revocation of
the CTO as it becomes available. In addition, the Company
will be filing its application to TSXV for reinstatement following
a review of the Company’s February 28, 2019, audited financial
statements and corresponding MD&A by the TSXV, completion of
the necessary filings; and revocation of the CTO.
For further information, please contact: |
Peeks
Social Ltd. |
|
Mark Itwaru |
David Vinokurov |
Chairman & Chief Executive Officer |
Investor Relations |
647-992-7727 |
416-716-9281 |
mark@peeks.com |
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.
Peeks Social (TSXV:PEEK)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
Peeks Social (TSXV:PEEK)
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부터 12월(12) 2023 으로 12월(12) 2024
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