|Bid||0.2600 x 0|
|Ask||0.2700 x 0|
|Day's Range||0.2500 - 0.2600|
|52 Week Range||0.1500 - 0.3900|
|Beta (5Y Monthly)||1.88|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug. 12, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release, including statements regarding the increased or continued industry interest in the Corporation's product, converting existing sales interest and installations into revenue, generating new sales opportunities, effectively and efficiently utilizing the Corporation's resource and the ability to deal with business disruptions or opportunities as a result of the Covid-19 pandemic constitute forward-looking statements.
Subscription revenue increased 8.6% in Q1 2020 to $329K compared to $303K in Q1 2019. Gross profit as a percentage of sales ("Gross Margin") improved to 81.9% in Q1 2020 compared to 81.4% recorded in Q1 2019. Adjusted EBITDA in Q1 2020 was lower by $29K (negative $267K in Q1 2020 vs negative $238K in Q1 2019) as a result of higher selling, general and administrative expenses partially offset by lower research and development expenses.
Subscription revenue increased 85.8% in 2019 to $1,304K compared to $702K in the prior year. Subscription revenue increased 31.1% in the fourth quarter of 2019 to $329 compared to $251K for the same period in 2018. Gross profit as a percentage of sales ("Gross Margin") improved to 80.8% during 2019 compared to 73.7% recorded in 2018.