Pioneering Technology Reports 2019 Q1 Financial ResultsMarch 4, 2019
MISSISSAUGA, ON, March 2, 2019 /CNW/ – Pioneering Technology Corp. (TSXV: PTE) (“Pioneering” or the “Company”), a technology company and North America’s leader in cooking fire prevention technology and products reports its unaudited financial results for the first quarter ended December 31, 2018. Pioneering’s unaudited condensed interim financial statements and MD&A are available on SEDAR (www.sedar.com).
Revenue in Q1 was down 26% vs. prior year.
Net loss in Q1 was ($756,241) vs. a net income of $63,699 in Q1 2018.
Total comprehensive loss per share for the period was ($0.01), down from $0.00 in 2017
Gross margins were strong at 55.5%.
Strong balance sheet.