Uniserve's Q3 Results Show Continued Revenue Boost

Uniserve Communications (TSXV:USS) has announced its third quarter 2017 financial results.
As quoted in the press release:

Year to date revenue increases by 20%. The Company finished the quarter with:

• Gross revenues for the 2017 year to date of $5.64M vs 2016 year to date of $4.68M representing an 20% increase
• Year to date operating expenses decreased to $2.2M from $2.6M or 15.4%
• A positive 2017 year to date EBITDA of $256K vs 2016 loss of ($296K)

Three Months Ended February 28 and 29			Year To Date February 28 and 29
2017	2016	2017	2016
$	$	$	$
Revenue	2,208,138	1,624,190	5,638,938	4,680,024
Cost of Revenues	1,325,702	809,613	3,186,674	2,348,867
882,436	814,577	2,452,264	2,331,157
Expenses
Operations and Service Delivery Expenses	587,948	772,845	1,923,941	2,251,725
Sales and Marketing	87,171	124,914	271,500	375,996
EBITDA	207,317	(83,182	)	256,824	(296,564	)
Amortization of Property and Equipment	92,495	93,207	242,643	259,011
Operating Profit/(Loss)	114,822	(176,389	)	14,181	(555,575	)
Other Expenses (Income)
Finance Charges	67,275	15,061	374,189	263,708
Foreign Exchange	10,026	(2,667	)	18,850	7,030
Gain on Settlements and Reversals of Debts	(326,296	)	(555,232	)	(326,296	)	(555,232	)
Gain on Disposal of Property and Equipment	(2,397	)	–	(2,397	)	–
(251,391	)	(542,838	)	64,348	(284,494	)
Net Income (Loss) and Comprehensive Income (Loss)	366,213	366,449	(50,167	)	(271,081	)

A significant part of third quarter results can be directly attributed to the Company’s 29% reduction in operating expenses. Uniserve continues to focus on strengthening its infrastructure, its leadership group and its investment in new business products as well as interprovincial data storage redundancy.

Click here to read the full press release.