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For the three months ended 31 March 2022, Redline Communications Group Inc revenues increased 15% to $4.3M. Net loss increased from $1.2M to $2.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects General and administrative increase of 53% to $1.6M (expense), Canada Emergency Wage Subsidy decrease from $294K (income) to $0K.
Period Ending: | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 |
---|---|---|---|---|
Total Revenue | 4.3 | 5.87 | 5.19 | 4.75 |
Gross Profit | 2.31 | 2.82 | 3.41 | 2.89 |
Operating Income | -2.01 | -1.63 | -0.21 | -0.6 |
Net Income | -2.67 | -2.36 | -0.1 | -0.7 |
Period Ending: | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 |
---|---|---|---|---|
Total Assets | 19.65 | 22.21 | 16.47 | 16.04 |
Total Liabilities | 15.37 | 15.28 | 7.21 | 6.68 |
Total Equity | 4.28 | 6.93 | 9.26 | 9.36 |
Period Ending: | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 |
---|---|---|---|---|
Period Length: | 3 Months | 12 Months | 9 Months | 6 Months |
Cash From Operating Activities | -2.13 | -1.59 | -1.93 | -2.82 |
Cash From Investing Activities | -0.05 | -0.53 | -0.24 | -0.12 |
Cash From Financing Activities | 0.19 | 6.8 | 0.62 | 0.29 |
Net Change in Cash | -2 | 4.74 | -1.53 | -2.63 |
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