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Q3 and YTD 2022 Financial Highlights
- Total operating revenue was
$222,000 for the three months endedSeptember 30 th, 2022, compared to$298,000 for the same period in 2021. - Total operating revenue for the first nine months of 2022 was
$662,000 compared to$905,000 from 2021. - Total operating cost was
$357,000 for the three months endedSeptember 30 th, 2022, compared to$390,000 for the same period in 2021. - Total Operating cost for the first nine months of 2022 was
$1,024,000 compared to$1,146,000 for the same period in 2021. - Total net loss for the three months period ended
September 30 th, 2022, was$163,000 compared to the total net loss of$103,000 in the same period in 2021. - Total net loss for the first nine months of 2022 was
$444,000 compared to the total net loss of$240,000 in the same period in 2021.
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About
Caution Regarding Forward Looking Information
Certain information set out in this News Release constitutes forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "hope", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "scheduled", "believe" and similar expressions. The forward- looking information set out in this News Release relates to future events or our future performance and includes: (i) information concerning the positive effect of new leadership on revenue growth; (ii) the effect of broadening the Company's revenue streams on revenue growth and predictability; (iii) the Company's ability to succeed in the mobile advertising market by focusing on the underserved small and medium sized business market.
Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. Forward-looking statements involve substantial known and unknown risks, uncertainties and other factors which cause actual results to vary from those express or implied by such forward looking statements. These statements should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved.
The forward-looking statements contained in this press release are made as of the date hereof and based on what management of the company believes are reasonable assumptions. The Company disclaims any intention or obligation to update or publicly revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws. Furthermore, the Company does not assume responsibility for the accuracy and completeness of the forward-looking statements set out in this news release. The Company's forward-looking statements are expressly qualified in their entirety by the foregoing cautionary statements.
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