Business
Astron Connect Inc. Reports First Quarter 2023 Results
(TheNewswire) VANCOUVER, BC – TheNewswire - February 28, 2...
About this update from Astron Connect, Inc.
[{"type":"text","content":"Astron Connect Inc. Reports First Quarter 2023 Results\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n VANCOUVER,\n \n \n BC\n \n \n –\n \n \n TheNewswire -\n \n \n February\n \n \n 28,\n \n \n 2023\n \n \n –\n \n \n Astron\n \n \n Connect\n \n \n Inc.\n \n \n (the\n \n \n “Company”\n \n \n or\n \n \n “Astron”)\n \n \n (TSXV:AST)\n \n \n today announced its first quarter  results for the three\nmonths ended December 31, 2022.\n \n \n \n \n Highlights for the three months ended December 31,\n2022:\n \n \n \n \n Sales\n \n \n for\n \n \n the three months\n \n \n ended\n \n \n December 31,\n \n \n 2022 were\n \n \n $Nil\n \n \n (2021-\n \n \n $Nil).\n \n \n There were no revenues recorded\nin the first quarter as a result of the Covid-19 pandemic’s impact\non the global economy and global supply change issues.\n \n \n \n \n \n \n Net loss of $86,446 for the three months ended December\n31, 2022 (2021 – net loss of $156,416), a decrease of 83% from\nFY2021.\n \n \n \n \n \n \n \n \n Operating expenses of $87,064 for the three months\nended December 31, 2022 (2021 - $156,183), a decrease of 44% from\nFY2021.\n \n \n \n \n \n \n \n \n As of December 31, 2022, the Company had a working\ncapital of $393,289 (2022 - $479,735).\n \n \n \n \n \n \n \n \n Selected First Quarter Information\n \n \n \n \n \n \n \n \n \n \n \n \n December 31, 2022\n \n \n \n \n December 31, 2021\n \n \n \n \n \n \n \n \n \n CAD$\n \n \n \n \n \n \n CAD$\n \n \n \n \n \n \n \n Revenue\n \n \n \n \n \n -\n \n \n \n \n \n -\n \n \n \n \n \n \n Gross profit\n \n \n \n \n \n -\n \n \n \n \n \n \n -\n \n \n \n \n \n \n \n Operating expenses\n \n \n \n \n 87,064\n \n \n \n \n 156,183\n \n \n \n \n \n \n Other loss (income)\n \n \n \n \n (618)\n \n \n \n \n 231\n \n \n \n \n \n \n Net loss\n \n \n \n \n \n (86,446)\n \n \n \n \n \n (156,416)\n \n \n \n \n \n \n Basic and diluted EPS\n \n \n \n \n \n (0.01)\n \n \n \n \n \n (0.01)\n \n \n \n \n \n \n For further financial information, please refer to the\nannual audited consolidated financial statements www.sedar.com or\nwww.astronconnect.com.\n \n \n \n \n Financial Statements and\nMD&A\n \n \n \n \n The Company's Financial Statements and Management's\nDiscussion and Analysis (MD&A) for the three months ended December\n31, ...