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GINSMS Inc. (GOK.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.0750-0.0150 (-16.67%)
At close: 3:37PM EDT
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Previous Close0.0900
Open0.0750
Bid0.0800 x N/A
Ask0.0900 x N/A
Day's Range0.0750 - 0.0750
52 Week Range0.0100 - 0.2900
Volume4,000
Avg. Volume16,012
Market Cap11.235M
Beta (5Y Monthly)-4.70
PE Ratio (TTM)N/A
EPS (TTM)-0.0000
Earnings DateFeb. 11, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Mr. Joel Chin Appointed as Chairman, CEO and CFO of Ultimate Parent of GINSMS
    GlobeNewswire

    Mr. Joel Chin Appointed as Chairman, CEO and CFO of Ultimate Parent of GINSMS

    CALGARY, Alberta, July 16, 2021 (GLOBE NEWSWIRE) -- On July 9, 2021, Mr. Joel Chin, the Chief Executive Officer of GINSMS Inc. (“GINSMS”), was appointed Chairman of the Board, Chief Executive Officer and Chief Financial Officer of Beat Holdings Limited, the ultimate parent of GINSMS. On the same date, Mr. Chin was also appointed a director of Xinhua Mobile Limited, the immediate parent of GINSMS. About GINSMS GINSMS is a mobile technology and services company focusing on 2 areas namely its A2P M

  • GINSMS Announces Financial Results for the Three Months Ended March 31, 2021
    GlobeNewswire

    GINSMS Announces Financial Results for the Three Months Ended March 31, 2021

    CALGARY, Alberta, May 28, 2021 (GLOBE NEWSWIRE) -- GINSMS Inc. (TSXV: GOK) (the “Corporation”) has announced its financial results for the first quarter ended March 31, 2021. The complete financial results for GINSMS are available at www.sedar.com. Highlights include: Revenue of $536,186 for the three-month period ended March 31, 2021 as compared of $724,746 for the three-month period ended March 31, 2020.Gross Profit of $215,301 for the three-month period ended March 31, 2021 as compared to gross profit of $260,704 for the three-month period ended March 31, 2020.Operating expenses and finance costs decreased from $492,006 for the three-month period ended March 31, 2020 to $209,618 for the three-month period ended March 31, 2021.Net profit of $5,683 for three-month period ended March 31, 2021 as compared to a net loss of $231,095 for three-month period ended March 31, 2020. Selected Profit and Loss Information Financial HighlightsThree-month period ended March 31,2021(Unaudited)$ Three-month period ended March 31,2020(Unaudited)$ Twelve-month period ended December 31,2020(Audited)$ Twelve-month period ended December 31,2019(Audited)$ Revenue ($) A2P Messaging Service173,398 410,227 1,386,756 1,589,957 Software Products & Services362,788 314,519 1,436,579 1,048,760 536,186 724,746 2,823,335 2,638,717 Cost of sales ($) A2P Messaging Service148,856 306,895 1,102,704 1,292,061 Software Products & Services172,029 157,147 689,066 620,262 320,885 464,042 1,791,770 1,912,323 Gross profit ($) A2P Messaging Service24,542 103,332 284,052 297,896 Software Products & Services190,759 157,372 747,513 428,498 215,301 260,704 1,031,565 726,394 Gross margin A2P Messaging Service14.2% 25.2% 20.5% 18.7% Software Products & Services52.6% 50.0% 52.0% 40.9% 40.2% 36.0% 36.5% 27.5% Adjusted EBITDA(1) ($)31,942 (207,781) 85,953 (183,524) Adjusted EBITDA margin6.0% (28.7)% 3.0% (7.0)% Net profit / (loss) ($)5,683 (231,095) (3,508) (315,311) Net profit / (loss) margin1.1% (31.9)% (0.1)% (11.9)% Profit / (Loss) per share ($) Basic (In Canadian cents)0.004 (0.15) (0.001) (0.21) Diluted0.004 N/A N/A N/A (1) Adjusted EBITDA is a non-IFRS measure which does not have any standardized meaning under IFRS. Adjusted EBITDA is related to cash earnings and is defined for these purposes as earnings before income taxes, depreciation and amortization (in both cost of sales and general and administration expenses), interest expenses, and also excludes certain non-recurring or non-cash expenditure and income. This non-IFRS measure is not recognized under IFRS and accordingly, shareholders are cautioned that this measure should not be construed as an alternative to net income determined in accordance with IFRS. The non-IFRS measure presented is unlikely to be comparable to similar measure presented by other issuers. The Corporation believes that Adjusted EBITDA is a meaningful financial metric as it measures cash generated from operations which the Corporation can use to fund working capital requirements, service interest and principal debt repayment and fund future growth initiatives. About GINSMS GINSMS is a mobile technology and services company focusing on 2 areas namely its A2P Messaging Service and its Software Products and Services. GINSMS operates a cloud-based A2P messaging service that allows the termination of SMS to mobile subscribers of more than 200 mobile operators globally. GINSMS also develops and distribute innovative software products and services for mobile operators and enterprises and has successfully deployed more than 100 solutions worldwide. GINSMS has offices in China, Singapore, Hong Kong, Malaysia and Indonesia. Forward Looking Statements Certain information included in this MD&A may contain forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may”, ”could”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, or “continue” or the negative thereof or variations thereon or similar terminology. These statements are not historical facts, but reflect management’s current beliefs and are based on information currently available to management regarding future results and events. Particularly, these forward-looking statements are based on management’s estimate of future events based on technological advances relating to the Corporation’s services, current market conditions and past experiences of management in relation to how certain contracts will affect revenues. Forward-looking statements, by their very nature, involve significant risks, uncertainties and assumptions. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to dependence on required licenses, dependence on major customers, system failures, delays and other problems, security and privacy breaches, adequacy of network resilience, network diversity and backup systems, loss of significant information, failure to develop, enhance or introduce new value-added services, competition, dependence on third-party software and equipment, market acceptance at desired pricing levels, key members of the management team, credit risk of accounts receivables, conflicts of interest, inability to satisfy customer demand for performance, price or terms, international risks and the potential impact of the COVID-19 pandemic declared by the World Health Organisation on March 11, 2020 (the “COVID-19”). Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Although the forward-looking statements contained herein are based upon what management believes to be reasonable assumptions, the Corporation cannot assure the reader that actual results will be consistent with these forward-looking statements. In particular, forward-looking statements include the following assumptions:Management’s belief that the Corporation’s software products and services are expected to take on a different focus based on an outsourcing model approach leveraging on the lower cost base in Indonesia and Malaysia. Therefore the revenue for the software segment in Indonesia and Malaysia should continue to increase. Management’s belief that the future growth in messaging is in the area of application-to-person (“A2P”) messaging and the Corporation’s investment in this area will create a viable and profitable business in the future. Management’s belief that the Corporation is able to generate sufficient amounts of cash through operations and financing activities to fulfil the working capital requirements of its present operations. These forward-looking statements are made as of the date of this MD&A and the Corporation assumes no obligation to update or revise them to reflect new events or circumstances except as may be required by law. Accordingly, readers should not place undue reliance on the forward-looking statements. All forward-looking statements contained in this MD&A are qualified by this cautionary statement. For further information, please contact: GINSMS Inc.Joel Chin, CEOTel: +65-6441-1029Email: investor.relations@ginsms.com 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.

  • GINSMS Announces Audited Financial Results for the Twelve-Month Period Ended December 31, 2020
    GlobeNewswire

    GINSMS Announces Audited Financial Results for the Twelve-Month Period Ended December 31, 2020

    CALGARY, Alberta, March 26, 2021 (GLOBE NEWSWIRE) -- GINSMS Inc. (TSXV: GOK) (the “Corporation” or “GINSMS”) is pleased to announce that its audited financial statements for the twelve-month period ended December 31, 2020 have been filed today on SEDAR and are available at www.sedar.com. On February 11, 2021, GINSMS had disclosed through the issuance of a press release unaudited financial results for the three-month and the twelve-month periods ended December 31, 2020 and provided financial forecasts for the 2021 financial year. This financial disclosure was done in advance of today’s filing of the audited financial statements of the Corporation to allow GINSMS’ ultimate holding company, Beat Holdings Limited (“BHL”), a public company in Japan, to use certain of GINSMS’ financial information in the preparation of BHL’s financial statements. GINSMS’ financial information for the twelve-month period ended December 31, 2020 was prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). GINSMS is pleased to report that there is no significant change between the audited financial statements filed today and the unaudited financial information it disclosed earlier on February 11, 2021, except for the following amendments: (1)Amendment of the profit / (loss) per share – basic (In Canadian cents) from (0.002) cents to (0.001) cents for the twelve months ended December 31, 2020. The loss per share – basic (In Canadian cents) for the three months ended December 31, 2020 remained unchanged. (2)Amendment of the profit / (loss) per share – diluted (In Canadian cents) from N/A cents to 0.06 cents for the three months ended December 31, 2020. The profit / (loss) per share – diluted (In Canadian cents) for the twelve months ended December 31, 2020 remained unchanged. (3)Amendment of the unallocated segment liabilities and total segment liabilities from $2,319,958 and $7,437,216 to $2,319,955 and $7,437,213 as at December 31, 2020 respectively. About GINSMS GINSMS is a mobile technology and services company focusing on 2 areas namely its A2P Messaging Service and its Software Products and Services. GINSMS operates a cloud-based A2P messaging service that allows the termination of SMS to mobile subscribers of more than 200 mobile operators globally. GINSMS also develops and distribute innovative software products and services for mobile operators and enterprises and have successfully deployed more than 100 solutions worldwide. GINSMS has offices in China, Singapore, Hong Kong, Malaysia and Indonesia. For further information, please contact: GINSMS Inc.Joel Chin, CEOTel: +65-6441-1029Email: investor.relations@ginsms.com 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.