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GOK — Ginsms News Story

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TechnologyHighly SpeculativeMicro CapNeutral

Canada's GINSMS Q1 net loss widens on higher operating expenses

Overview

Canada mobile tech firm's Q1 revenue was flat yr/yr at C$346k

Gross profit rose, but net loss widened on higher expenses and finance costs

Company's cash balance fell 42% from December, mainly due to higher operating outflows

Outlook

Company did not provide specific guidance or outlook for the current or future periods

Result Drivers

GROSS MARGIN IMPROVEMENT - Gross profit rose due to higher gross margins in both A2P Messaging and Software Products & Services

HIGHER OPERATING COSTS - Increased operating expenses and finance costs contributed to a wider net loss

Company press release: ID:nACS4p2W5a

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Adjusted EBITDA Margin-86.00%
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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