Katipult Technology Corp. (TSXV: FUND) ("Katipult" or the "Corporation"), provider of an industry leading and award-winning cloud-based software infrastructure for powering the exchange of capital in equity and debt markets, is pleased to announce its financial results for the three and six months ended June 30, 2020.
Q2 Summary
2020 |
2019 |
2018 |
||||||
($ Cdn thousands) |
Q2 |
Q1 |
Q4 |
Q3 |
Q2 |
Q1 |
Q4 |
Q3 |
Subscription revenue |
329 |
329 |
329 |
365 |
307 |
303 |
251 |
188 |
Integration revenue |
- |
31 |
53 |
22 |
77 |
160 |
24 |
122 |
Total revenue |
329 |
360 |
382 |
387 |
384 |
463 |
275 |
310 |
Gross profit |
253 |
295 |
312 |
311 |
306 |
377 |
201 |
229 |
Gross profit - percentage |
76.9% |
81.9% |
81.7% |
80.4% |
79.7% |
81.4% |
73.1% |
73.9% |
Selling, general, and administrative |
495 |
517 |
509 |
438 |
447 |
494 |
569 |
463 |
Research and development |
219 |
182 |
161 |
190 |
212 |
254 |
257 |
222 |
Adjusted EBITDA |
(325) |
(267) |
(219) |
(242) |
(224) |
(238) |
(511) |
(471) |
Net income (loss) and comprehensive income (loss) |
(620) |
(728) |
709 |
(353) |
(343) |
(707) |
(520) |
(596) |
"We continue to successfully execute on our plan to move up market as enterprise customers recognize the value of our product offering." said Gord Breese, President and CEO.
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.