GINSMS Announces Financial Results for the Three Months Ended March 31, 2025

About this update from Ginsms, Inc.

[{"type":"text","content":"GINSMS Announces Financial Results for the Three Months Ended March 31, 2025\n\n\n\n CALGARY, Alberta, May 12, 2025 (GLOBE NEWSWIRE) -- GINSMS Inc. (TSXV: GOK) (the “Corporation”) has announced its financial results for the first quarter ended March 31, 2025.\n \n\n The complete financial results for GINSMS are available at\n \n www.sedarplus.com\n \n . Highlights include:\n \n\n\n Revenue of $345,893 for the three-month period ended March 31, 2025 as compared of $710,305 for the three-month period ended March 31, 2024.\n \n\n Gross Profit of $105,982 for the three-month period ended March 31, 2025 as compared to gross profit of $301,118 for the three-month period ended March 31, 2024.\n \n\n Operating expenses and finance costs of $403,107 for the three-month period ended March 31, 2025 increased from $295,372 for the three-month period ended March 31, 2024.\n \n\n Net loss of $297,125 for three-month period ended March 31, 2025 as compared to a net profit of $1,914 for three-month period ended March 31, 2024.\n \n\n\n\n RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2025\n \n\n\n\n\n Selected Profit and Loss Information\n \n\n\n\n\n\n\n Financial Highlights\n \n\n\n Three-month\n \n period ended\n \n March 31,\n \n 2025\n \n (Unaudited)\n \n $\n \n\n Three-month\n \n period ended\n \n March 31,\n \n 2024\n \n (Unaudited)\n \n $\n \n\n Twelve-month\n \n period ended\n \n December 31,\n \n 2024\n \n (Audited)\n \n $\n \n\n Twelve-month\n \n period ended\n \n December 31,\n \n 2023\n \n (Audited)\n \n $\n \n\n\n\n Revenues $\n \n\n\n\n\n\n\n\n\n\n\n\n A2P Messaging Service\n \n\n 73,365\n \n\n 148,960\n \n\n 715,934\n \n\n 986,715\n \n\n\n\n Software Products & Services\n \n\n 272,528\n \n\n 561,345\n \n\n 1,790,173\n \n\n 2,201,790\n \n\n\n\n\n\n 345,893\n \n\n 710,305\n \n\n 2,506,107\n \n\n 3,188,505\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Cost of sales $\n \n\n\n\n\n\n\n\n\n\n\n\n A2P Messaging Service\n \n\n 66,482\n \n\n 95,150\n \n\n 344,322\n \n\n 661,385\n \n\n\n\n Software Products & Services\n \n\n 173,429\n \n\n 314,037\n \n\n 1,006,829\n \n\n 1,210,168\n \n\n\n\n\n\n 239,911\n \n\n 409,187\n \n\n 1,351,151\n \n\n 1,871,553\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 A2P Messaging Service\n \n\n 6,883\n \n\n 53,810\n \n\n 371,612\n \n\n 325,330\n \n\n\n\n S...

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