GINSMS Announces Financial Results for the Three Months Ended March 31, 2018

GINSMS INC (TSXV:GOK) has announced financial results for the first quarter ended March 31, 2018. The company deals with mobile technology and services focuses on two areas, A2P messaging service and its software products and services.

The company announced that it had a revenue of $1,991,724 for the three month period ending March 31, 2018 as compared to $1,599,637 year-over-year period.

As quoted in the press release:

• Gross Profit of $89,102 for the three-month period ended March 31, 2018 as compared to gross profit of $253,963 for the three-month period ended March 31, 2017.

• Operating expenses and finance costs decreased from $620,541 for the three-month period ended March 31, 2017 to $425,323 for the three-month period ended March 31, 2018.

• Net loss of $336,195 for three-month period ended March 31, 2018 as compared to a net loss of $366,578 for three-month period ended March 31, 2017.

• The cloud-based application-to-person messaging service (the “A2P Messaging Service”) has generated revenue of $1,681,505 for the three-month period ended March 31, 2018 as compared to $1,349,460 for the three-month period ended March 31, 2017.

Selected Profit and Loss Information

Financial Highlights	Three-month period ended March 31, 2018 (Unaudited)	Three-month period ended March 31, 2017 (Unaudited)	Twelve-month period ended December 31, 2017 (Audited)	Twelve-month period ended December 31, 2016 (Audited)
Revenue ($)
A2P Messaging Service	1,681,505	1,349,460	6,276,759	5,459,386
Software Products & Services	310,219	250,177	1,109,914	1,019,799
1,991,724	1,599,637	7,386,673	6,479,185
Cost of sales ($)
A2P Messaging Service	1,653,736	1,193,936	5,698,701	4,695,023
Software Products & Services	248,886	151,738	920,077	740,373
1,902,622	1,345,674	6,618,778	5,435,396
Gross profit ($)
A2P Messaging Service	27,769	155,524	578,058	764,363
Software Products & Services	61,333	98,439	189,837	279,426
89,102	253,963	767,895	1,043,789
Gross margin
A2P Messaging Service	1.7%	11.5%	9.2%	14.0%
Software Products & Services	19.8%	39.3%	17.1%	27.4%
4.5%	15.9%	10.4%	16.1%
Adjusted EBITDA(1) ($)	(146,027)	(126,249)	(250,700)	(455,475)
Adjusted EBITDA margin	(7.3)%	(7.9)%	(3.4)%	(7.0)%
Net loss ($)	(336,195)	(366,578)	(1,124,717)	(1,507,635)
Net loss margin	(16.9)%	(22.9)%	(15.2)%	(23.3)%
Loss per share ($)
Basic	(0.002)	(0.003)	(0.008)	(0.011)
Diluted	N/A	N/A	N/A	N/A

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