Revenue from Q3 2022 was
"Our strong third-quarter results reflect ongoing stable execution by our dedicated teams to win new business and restart recovering customers while delivering the high-quality service we pride ourselves on. As previously forecasted, we expect to deliver full-year revenue growth between 40 and 50% and are excited to have this momentum as we head into 2023 with expectations for additional growth," said
"Throughout the last two and a half years of pandemic and recovery, Intouch has proven its value proposition and financial stability. Despite economic shut-down, inflation, and a difficult labor market, Intouch has persevered and advanced its capabilities and market position. Looking forward, we have a strong pipeline of services opportunities and a repositioned and improved SaaS suite, which promises to make 2023 another successful chapter for Intouch," said Watt.
Consolidated Statements of Operations | |||||||
Q3 2022 | Q3 2021 | ||||||
Revenue | $ 5,414,630 | $ 3,927,301 | |||||
Cost of services | 2,540,108 | 1,811,343 | |||||
Gross margin | 2,874,522 | 2,115,959 | |||||
Total operating expenses | 2,471,446 | 2,133,868 | |||||
Earnings (loss) from operating activities | 403,076 | (17,910) | |||||
Other earnings (expense) | (36,363) | (38,811) | |||||
Income tax recovery (expense) | - | - | |||||
Net income (loss) | $ 366,713 | $ (56,721) |
About
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 concerning 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 outlined 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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