Business
DGTL Holdings Inc. Reports Filing of 2021 FYE Audited Annual Financial Statements, Q1 2022 Interim Financials and Provides a Corporate Update
New York, New York--(Newsfile Corp. - November 11, 2021) - DGTL Holdings Inc. (TSXV: DGTL) (...
About this update from Dgtl Holdings, Inc.
[{"type":"text","content":"DGTL Holdings Inc. Reports Filing of 2021 FYE Audited Annual Financial Statements, Q1 2022 Interim Financials and Provides a Corporate UpdateNew York, New York--(Newsfile Corp. - November 11, 2021) - DGTL Holdings Inc. (TSXV: DGTL) (OTCQB: DGTHF) (FSE: D0G) (WKN: A2QB0L) (\"DGTL\" or the \"Company\") reports that it has filed its audited annual financial statements, accompanying management's discussion and analysis and related CEO and CFO certifications for the year ended May 31, 2021 (the \"Annual Financial Statements\") under the Company's SEDAR profile. The Company also reports that it has also filed their interim financial statements for the three months ended August 31, 2021 (the \"Interim Financial Statements\") on November 9 and provides a corporate update on the prospective Engagement Labs acquisition, recent business developments and outstanding administrative items.Financial StatementsDGTL filed their annual audited financials for the year ended May 31, 2021 on November 8 2021. DGTL reports revenues were $3,976,793 for this period, versus $503,215 for the year ended May 31, 2020. These increases are a result of full year operations during the year. The business combination with Hashoff was completed in the fourth quarter of fiscal 2020. The Company was a Capital Pool Company in the previous year. Revenue for the three months ended May 31, 2021, was $310,190. The decrease in revenue in this three-month period was due to the timing difference of when revenue is recognized versus billings. The increase in cost of revenues is due to the recognition of previously unrecorded creator costs from Hashoff key accounts. DGTL also reports the filing of its Interim Financial Statements on November 9, 2021. DGTL reports that revenue for the three months ended August 31, 2021 was $566,364. The decrease in revenue during this period is due to a previous key account's increased digital spending on social media during the height of the pandemic and temporary restructuring of marketing budgets for in-person media and retail as US based businesses begin to open from a global lockdown. Shareholder Update Management will be hosting a shareholder update webinar on Monday November 15th at 3:00pm EST. Participant log in access details for this shareholder update webinar are as listed below.Topic: DGTL Holdings Inc. - Shareholder UpdatesTi...