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Metrospaces Announces First Quarter Record Revenue for Its Subsidiary Etelix.com
May. 04, 2017 08:36AM PST
Data Investing
Metrospaces :(OTCP:MSPC) has announced its first quarter revenue for 2017 of approximately $1.9 million. As quoted in the press release: Mr. Silva stated: “The Etelix.com acquisition is turning into a much better deal than we anticipated. We have generated $1,893,600 in 1stquarter revenue based on invoice billed services, with positive EBTIDA. Final numbers are still …
Metrospaces :(OTCP:MSPC) has announced its first quarter revenue for 2017 of approximately $1.9 million.
As quoted in the press release:
Mr. Silva stated: “The Etelix.com acquisition is turning into a much better deal than we anticipated. We have generated $1,893,600 in 1stquarter revenue based on invoice billed services, with positive EBTIDA. Final numbers are still being put together, but Etelix has continued to operate profitably on an EBITDA and Net Income basis, even though the Company is investing heavily in growth. We have been working with Etelix since before the acquisition in helping them structure the business for continued growth. Metrospace has a very active role in Etelix and things are starting to come together synergistically very nicely. This past first quarter we have seen revenue grow from $572,000 in January to approximately $714,000 in March.