01 Communique Announces Q4 2019 Results, Corporate Update

- February 6th, 2020

01 Communique Laboratory has released its Q4 2019 results and announced advances in developing its quantum-safe cyber security systems.

01 Communique Laboratory (TSXV:ONE) has released the results for the fourth quarter of its 2019 fiscal year and announced advances in developing its quantum-safe cyber security systems.

As quoted in the press release:

Fourth Quarter Fiscal 2019 Results

The Company today reported a profit for its 4th quarter 2019 of $238,494 compared to a net loss in 2018 of $229,045. Excluding a one-time reversal for a prior year accrued liability and non-cash operating expenses which include stock-based compensation and depreciation, the adjusted loss was $177,070 (2018 – $194,202). The Company completed the year with $583,712 of cash and cash equivalents and GIC.

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