Astron Connect Inc. Reports Third Quarter 2024 Results

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[{"type":"text","content":"Astron Connect Inc. Reports Third Quarter 2024 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 ,\n \n\n 2024\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 (TSX-V:AST)\n \n\n today announced its\n \n\n third\n \n\n quarter  results for the three months ended\n \n\n June 30\n \n\n , 2024.\n \n\n\n\n Highlights for the three months ended\n \n\n June 30\n \n\n , 2024:\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 , 2024\n \n\n were\n \n\n $Nil\n \n\n (2023-\n \n\n $\n \n\n 28,283\n \n\n ).\n \n\n There\nwas no revenue recorded in the\n \n\n third\n \n\n quarter due to the business closure of our main supplier.\n \n\n\n\n\n\n Net loss of $\n \n\n 12,338\n \n\n for the three months ended\n \n\n June\n30\n \n\n , 2024 (2023 – net loss of $\n \n\n 66,014\n \n\n ), a decrease of\n \n\n 81\n \n\n % from FY2023.\n \n\n\n\n\n\n\n\n Operating expenses of $\n \n\n 9,917\n \n\n for the three months ended\n \n\n June 30\n \n\n , 2024 (2023 -\n$\n \n\n 73,443\n \n\n ), a decrease of\n \n\n 87\n \n\n % from FY2023.\n \n\n\n\n\n\n\n\n As of\n \n\n June 30\n \n\n , 2024, the Company had a working capital deficiency of\n$181,870 (2023 - $267,938).\n \n\n\n\n\n\n\n\n\n Selected\n \n\n Third\n \n\n Quarter Information\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n June 30\n \n\n , 2024\n \n\n\n\n\n\n June 30\n \n\n , 2023\n \n\n\n\n\n\n\n\n\n\n CAD$\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 28,283\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 7,122\n \n\n\n\n\n\n\n\n Operating expenses\n \n\n\n\n\n\n 9,917\n \n\n\n\n\n\n 73,443\n \n\n\n\n\n\n\n\n Other\n \n\n income (loss)\n \n\n\n\n\n\n (2,421)\n \n\n\n\n\n\n 307\n \n\n\n\n\n\n\n\n Net loss\n \n\n\n\n\n\n (\n \n\n 12,338\n \n\n )\n \n\n\n\n\n\n (\n \n\n 66,014\n \n\n )\n \n\n\n\n\n\n\n\n Basic and diluted EPS\n \n\n\n\n\n\n (0.00)\n \n\n\n\n\n\n (0.0\n \n 0\n \n )\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 Financial Statements and\nMD&A\n \n\n\n\n The Company's Financial Statement...

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