AtmanCo Announces an Annual Growth in Revenues of 298 Percent in Q4 2016

Emerging Technology

AtmanCo (TSXC:ATW) has announced its annual results for the year ended December 31, 2016. As quoted in the press release: Highlights: As part of its strategic plan, on October 5, 2016, the Company closed the acquisition of RNIS Telecommunications Inc. (‘VoxTel’) and InformationTelcharge.com for a total purchase price of $2.4m with $1.5m paid cash at …

AtmanCo (TSXC:ATW) has announced its annual results for the year ended December 31, 2016.
As quoted in the press release:

Highlights:

  • As part of its strategic plan, on October 5, 2016, the Company closed the acquisition of RNIS Telecommunications Inc. (‘VoxTel’) and InformationTelcharge.com for a total purchase price of $2.4m with $1.5m paid cash at closing.
  • The Company announces revenues of $3.4m compared to revenues of $0.8m for 2015 comparable year, a $2.6m or 298% increase.
  • As of December 31, 2016, the Company’s would begin 2017 with an order book totalling $8.9m compared to $0.8m as of December 31, 2015 for an increase of $8.1m.
  • For the fourth quarter of 2016, the Company announced a profit of $366k in comparison to a loss of $407k for the fourth quarter of 2015.
  • As of December 31, 2016, the Company has cash totalling $378k compared to $55k as of December 31, 2015, along with a positive working capital by opposite to 2015.
  • Total assets increased from $1.5m to $7.3m between December 31, 2015 and December 31, 2016 while equity increased from $0.9m to $2.1m.

The selected financial information below originates from the interim consolidated financial statements:

in thousands of $
(except amounts per share)
3 months ended December 31, 201612 months ended December 31, 20163 months ended December 31, 201512 months ended December 31, 2015
Consolidated statement of comprehensive loss
Revenues2 6063 37895847
Net income (loss) 366 (333) (407) (1 233)

Click here to read the full press release.

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