Business
Astron Connect Inc. Reports Third Quarter 2023 Results
(TheNewswire) Vancouver, BC - TheNewswire - August 28, 2023 - ...
About this update from Astron Connect, Inc.
[{"type":"text","content":"Astron Connect Inc. Reports Third 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 August 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 “\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 third  quarter  results for the three months ended\nJune 30, 2023.\n \n \n \n \n Highlights for the three months ended June 30,\n2023:\n \n \n \n \n Sales\n \n \n for\n \n \n the three months\n \n \n ended\n \n \n June 30,\n \n \n 2023 were\n \n \n $28,283\n \n \n (2022 -\n \n \n $Nil).\n \n \n \n \n Sales for the nine months ended June 30\n \n \n ,\n \n \n 2023 were\n$28,283 compared to $32,432 for the same period last year.\n \n \n \n \n \n \n Net loss of $66,014 for the three months ended June 30,\n2023 (2022 - net loss of $148,758), a decrease of 55.63% from FY2022,\nmainly due to a decrease of operating expenses.\n \n \n \n \n \n \n Operating expenses of $66,321 for the three months\nended June 30, 2023 (2022 - $157,525), a decrease of 57.90% from\nFY2022, mainly due to an increase of filing fees, professional fees\nand wages and benefits.\n \n \n \n \n \n \n As of June 30, 2023, the Company had a working capital\nof $201,924 (2022 - $479,735).\n \n \n \n \n \n \n \n \n \n \n Click Image To View Full Size\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 and nine months ended\nJune 30, 2023 will be accessible on SEDAR at\n \n \n \n www.sedar.com\n \n \n under\n \n \n \n Astron's profile and on the Company's website at\n \n \n \n www.astronconnect.com\n \n \n .\n \n \n \n \n \n ABOUT ASTRON CONNECT\n \n \n \n \n Astron Connect Inc. (TSX-V:AST) helps Canadian\nenterprises in the food and beverage industry break through the noise\nand bring their products to new international markets in the emerging\nworld. Astron Connect brings\n \n \n Canadian\n \n \n food\n \n \n and\n \n \n beverage\n \n \n companies\n \n \n ...