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SpotLite360 IOT Solutions, Inc. (LITE.CN)
Canadian Sec - Canadian Sec Real Time Price. Currency in CAD
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At close: 03:55PM EDT
1,271 reactions on $LITE.CN conversation
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This stock takes the trophy for being least interested in providing details of progress.
What’s with Spotlite today? Any slower we’ll be going backwards.
Is it going to do anything this week or the same old up half a cent down half a cent
Absolutely disgusting…..7.5 cents and no reportable action from management.
Rolling in the deep
Ok I'm out. selling both my shares in this company. Tried to make money - bought for 9 cents, now got to sell at 8.5 cents. A net loss of a cent.
Taking my 17 cents and investing it in some of the other great suggestions on here. Wish me luck.
Just take a new position on spotlite got 25k shares at 0,08. My order was there since 1 month just got filled today
Given the markets and in particular the mess of the supply chain, I was hoping Spotlite would get the attention of some big companies…..may happen….let’s hope.
1st quarter financials have been released.
I’m looking forward to 2nd and 3rd quarterly reports….offices in two additional states are opening also….Supply chain issues will also help …… I’m really interested in seeing if they land huge food producers and also tap into the pharmaceutical industry
Have 800,000 shares now at 0,125 ct average
I am down to 100k shares, I am out for awhile, I will check back in 6 months. I am hoping that the company will start communicating more with their investors but right now I'm not very optimistic, I wish you guys all the best in the stress that this company gives.
Here are the first quarter results
Cash $ 944,151 $ 268,460
Accounts receivable 1,072,213 143,584
Prepaid expenses 4 1,085,250 234,934
Loan receivable 6 51,135 56,951
Total Current Assets 3,152,749 703,929
Intangible assets 7 8,043,244 5,592,272
Equipment 5 353,352 13,804
Right-of-use asset 8 70,107 -
Goodwill 9 3,138,921 1,440,601
Total Assets $ 14,758,373 $ 7,750,606
Accounts payable and accrued liabilities 11 $ 1,069,590 $ 762,029
Deferred revenue 1,722,890 -
Loan payable 13 17,633 17,338
Consideration payable 3 614,920 -
Lease liability 8 25,493 -
Software license liability 7 - 250,431
Total Current Liabilities 3,450,526 1,029,798
Deferred tax liability 891,000 891,000
Lease liability 8 44,614 -
Total Liabilities 4,386,140 1,920,798
Share capital 12 13,191,866 9,191,463
Reserves 1,662,552 1,840,985
Non-controlling interest 10 1,583,135 -
Accumulated other comprehensive loss (25,099) (19,965)
Deficit (6,040,221) (5,182,675)
Total Shareholders’ Equity 10,372,233 5,829,808
Total Liabilities and Shareholders’ Equity $ 14,758,373 $ 7
I have high hopes for this company. I'm in till the end. 🙏🤞
Getting noticed by more than just yahoo news,
Stocks in play just released this
Stocks in play: SpotLite360 IOT Solutions Inc
Fri, June 3, 2022, 12:13 p.m.
In this article:
Announced that it has released financial and operational results for the first quarter of 2022. SpotLite360 posted a significant increase of $0.745 million in Q1 22, up from $0.199 million in Q4 21, for total revenue of $0.944 million in Q1 22 with continued investment in operations, sales, product development and delivery of enterprise scalable solutions. SpotLite360 IOT Solutions Inc shares C.LITE are trading up 5.9% at $0.09.
Inc. has posted revenue of C$0.944 million in the three months ended March 31, 2022 compared to C$0.199 million in the quarter ended December 31, 2021 as a result of a new customer implementation.
The company said the new business is anticipated to generate more than C$12 million in revenue throughout 2022.
"We are very excited to show these results and further validate our strategy of delivering supply chain transparency, trust and proof of sustainability claims to both customers and consumers,” Spotlite360 president and CEO James Greenwell said in a statement.
READ: SpotLite360 IOT Solutions inks US$10 million contract with cannabis cultivation company
“Given our strong pipeline and a current backlog of contracted business of more than $12 million, the company anticipates further growth throughout the balance of fiscal 2022,” he added.
The company said net loss narrowed to C$548,164 or $0.01 per share in the first quarter from C$1.086 million or $0.02 per share in the three months ended December 31, 2021. Losses in the three months ended March 31, 2022 were due to expenses related to consulting fees, marketing fees, salaries and share-based compensation, though it noted that on a non-GAAP accounting basis, the company was near break-even.
Adjusted EBITDA improved with a loss of $0.009 million in 1Q compared to a $0.665 million loss in Q4 of 2021.
“Backlog value of executed contracts entering Q2 2022 remained over $12 million with project implementations underway,” the company said, noting that its offices in Arizona and Oklahoma have begun operations.
Spotlite360 also anticipates additional opportunities for mergers and acquisitions given the fragmented nature of the market.
“The vision of building an enterprise scalable SaaS-based technology company targeting the supply chain, remains a high priority,” it added.
SpotLite360 is a logistics technologies solutions provider unlocking value, opportunities, and efficiencies for all participants in a supply chain. Building upon existing applications of IoT technologies, distributed ledgers, and machine learning, SpotLite360 endeavours to set new standards of transparency, integrity, and sustainability in the pharmaceutical, healthcare, and agriculture industries.
Contact the author at email@example.com
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2 MIN READ
Why don’t they release 1st quarter 2022?
Has anyone tried to reach out to IR?
Normally, I receive a response the next day but nothing for 6 weeks after repeated requests for info.
Alright ppl time to move this stock August everyone buy in 2k shares minimum we need it to jump a lil at least 15 centi buy everyday company is still fresh so don?t expect it to pop gotta give #$%$ 2-5 yrs
Seems Spotlite has finally, updated their website -
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