Astron Connect Inc. Reports Second Quater 2023 Results

About this update from Astron Connect, Inc.

[{"type":"text","content":"Astron Connect Inc. Reports Second Quater 2023 Results\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n V\n \n \n ancouver\n \n \n ,\n \n \n BC\n \n \n -\n \n \n TheNewswire -\n \n \n May 29,\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 “\n \n \n Company\n \n \n ”\n \n \n or\n \n \n “\n \n \n Astron\n \n \n ”)\n \n \n (TSX-V:AST)\n \n \n today\nannounced its second quarter  results for the three months ended\nMarch 31, 2023.\n \n \n \n \n Highlights for the three months ended\nMarch 31, 2023:\n \n \n \n \n Sales\n \n \n for\n \n \n three months\n \n \n ended\n \n \n March 31,\n \n \n 2023 were\n \n \n $Nil\n \n \n (2022 -\n \n \n $32,432).\n \n \n There were no revenues\nrecorded in the second quarter as a result of the down turn in the\neconomy of China.\n \n \n \n \n \n \n Net loss of $125,353 for the three months ended March\n31, 2023 (2022 – net loss of $98,670), an increase of 27% from\nFY2022, mainly due to an increase of operating expenses.\n \n \n \n \n \n \n Operating expenses of $125,640 for the three months\nended March 31, 2023 (2022 - $99,010), an increase of 27% from FY2022,\nmainly due to an increase of filing fees, professional fees and wages\nand benefits.\n \n \n \n \n \n \n As of March 31, 2023, the Company had a working capital\nof $267,938 (2022 - $479,735).\n \n \n \n \n \n \n \n \n \n Selected Second Quarter\nInformation\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n March 31, 2023\n \n \n \n \n \n \n March 31, 2022\n \n \n \n \n \n \n \n \n \n \n CAD$\n \n \n \n \n \n \n CAD$\n \n \n \n \n \n \n \n \n Revenue\n \n \n \n \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 \n \n Operating expenses\n \n \n \n \n \n \n 125,640\n \n \n \n \n \n \n 99,010\n \n \n \n \n \n \n \n \n Other loss (income)\n \n \n \n \n \n \n 287\n \n \n \n \n \n \n 341\n \n \n \n \n \n \n \n \n Net loss\n \n \n \n \n \n \n (125,353)\n \n \n \n \n \n \n (98,670)\n \n \n \n \n \n \n \n \n Basic and diluted EPS\n \n \n \n \n \n \n (0.01)\n \n \n \n \n \n \n (0.01)\n \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 Finan...

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