Business
GINSMS Announces Financial Results for the Three Months Ended March 31, 2026
CALGARY, AB / ACCESS Newswire / May 12, 2026 / GINSMS Inc. (TSXV:GOK) ("GINSMS" or the "Corpor...
About this update from Ginsms, Inc.
[{"type":"text","content":"GINSMS Announces Financial Results for the Three Months Ended March 31, 2026CALGARY, AB / ACCESS Newswire / May 12, 2026 / GINSMS Inc. (TSXV:GOK) (\"GINSMS\" or the \"Corporation\") has announced its financial results for the first quarter ended March 31, 2026.This news release is being filed pursuant to Coordinated Blanket Order 51 - 933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (the \"Quarterly Reporting Exemption\"). GINSMS does not intend to file an interim financial report and related MD&A in reliance on the Quarterly Reporting Exemption for this first quarter ended March 31, 2026.The financial information for this first quarter contained in this press release is disclosed to allow GINSMS' ultimate holding company, Beat Holdings Limited (\"BHL\"), a public company in Japan, to use certain of GINSMS' financial information in the preparation of BHL's financial statements and announcements.The Corporation's financial information for the three months ended March 31, 2026, is prepared in accordance with IFRS Accounting Standards. All amounts are expressed in Canadian Dollars unless otherwise noted.Highlights include:Revenue of $345,898 for the three-month period ended March 31, 2026, as compared of $345,893 for the three-month period ended March 31, 2025.Gross Profit of $130,101 for the three-month period ended March 31, 2026, as compared to gross profit of $105,982 for the three-month period ended March 31, 2025.Operating expenses and finance costs of $440,833 for the three-month period ended March 31, 2026, increased from $403,107 for the three-month period ended March 31, 2025.Net loss of $310,732 for three-month period ended March 31, 2026 as compared to a net loss of $297,125 for three-month period ended March 31, 2025.Selected Profit and Loss InformationFinancial Highlights Three-month period ended March 31,2026(Unaudited) Three-month period ended March 31,2025 (Unaudited) Twelve-month period ended December 31,2025(Audited) Twelve-month period ended December 31, 2024(Audited) Revenues $ A2P Messaging Service 63,766 73,365 263,721 715,934 Software Products & Services 282,132 272,528 1,194,269 1,790,173 345,898 345,893 1,457,990 2,506,107 Cost of sales $ A2P Messaging Service 42,484 66,482 198,084 344,322 Software Products & Services 173,313 173,429 721,938 1,006,829 215,797 239,911 9...