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BRIEF-ExactEarth Reports Q3 Loss Per Share $0.10

Published 2018-09-14, 06:39 a/m
BRIEF-ExactEarth Reports Q3 Loss Per Share $0.10
XCT
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Sept 14 (Reuters) - ExactEarth Ltd XCT.TO :

* EXACTEARTH ANNOUNCES Q3 FISCAL 2018 FINANCIAL RESULTS

* EXACTEARTH LTD - QTRLY LOSS PER SHARE $0.10

* EXACTEARTH LTD - FACES SIGNIFICANT LIQUIDITY CHALLENGES WITH RECURRING OPERATING LOSSES AND NEGATIVE CASH FLOWS

* EXACTEARTH LTD - QTRLY REVENUE IN THREE-MONTH PERIOD ENDED JULY 31, 2018 ("Q3 2018") WAS $3.2 MILLION COMPARED TO $2.9 MILLION IN THREE-MONTH PERIOD ENDED JULY 31, 2017

* EXACTEARTH LTD - AS AT AUGUST 31, 2018, COMPANY HAD APPROXIMATELY $3.7 MILLION IN CASH ON HAND

* EXACTEARTH LTD - REVENUE BACKLOG WAS $29.3 MILLION AT QUARTER-END

* EXACTEARTH - IT MAY NOT BE ABLE TO COVER OBLIGATIONS FOR AT LEAST 12 MNTHS THAT COULD HAVE NEGATIVE IMPACT ON ABILITY TO CONTINUE AS A GOING CONCERN

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