Revenue from Q2 2022 was
"Our strong second quarter results reflect solid execution by our sales team to capture new customers including a large data capture program. As previously forecasted we expect to deliver strong revenue growth in 2022. Growth will come from our powerful new client acquisition programs, our SaaS software, delivering on new projects from existing clients and leveraging the capabilities and customer base of recent acquisitions," said
"Intouch continues to illustrate its health and stability. Two years of pandemic, inflation, labor and supply issues were challenging. We are proud of our significant revenue growth and financial strength. We continue to expand our unique technological capabilities and are well positioned and continue to explore areas for new revenue growth," said Watt.
Consolidated Statements of Operations | ||||||||
Q2 2022 | Q2 2021 | |||||||
Revenue | $ 7,283,308 | $ 3,426,444 | ||||||
Cost of services | 3,748,984 | 1,532,805 | ||||||
Gross margin | 3,534,324 | 1,893,639 | ||||||
Total operating expenses | 3,035,286 | 1,909,135 | ||||||
Earnings (loss) from operating activities | 499,038 | (15,496) | ||||||
Other earnings (expense) | 89,945 | (29,773) | ||||||
Income tax recovery (expense) | (2,282) | 62 | ||||||
Net income (loss) | $ 591,265 | $ (45,332) |
The Company is also reporting that
"We are grateful to Lisa for the hard work and perseverance she put in to building SeeLevel and wish her the best now that SeeLevel has transitioned to Intouch," said Watt.
Certain statements included in this news release contain forward looking statements that are made of the date hereof, which by their nature are necessarily subject to risks and uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such statements reflect the Company's current views with respect to future events, including the acquisition, future revenues and references to the Company's expansion and growth of the business and operations, and are based on information currently available to the Company and on hypotheses which it considers to be reasonable; however, management warns the reader that hypotheses relative to future events which are beyond the control of management could prove to be false, given that they are subject to certain risks and uncertainties. Please refer to the risks set forth in the Company's most recent annual MD&A and the Company's continuous disclosure documents that can be found on SEDAR at www.sedar.com. The Company does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
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