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INEO Reports Revenue Increased 24% in Fiscal 2020, Despite the Impact of COVID-19
INEO Reports Revenue Increased 24% in Fiscal 2020, Despite the Impact of COVID-19 ...
About this update from Ineo Tech Corp.
[{"type":"text","content":"\n \n \n \n INEO Reports Revenue Increased 24% in Fiscal 2020, Despite the Impact of COVID-19\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n SURREY, BC, Oct. 20, 2020\n \n \n \n \n \n INEO recorded over three million visitors across its\n \n INEO Welcoming Network\n \n in\n \n Western Canada\n \n equipped with the\n \n INEO Customer Welcoming System\n \n during the fourth quarter ended\n \n June 30, 2020\n \n \n \n \n \n SURREY, BC\n \n ,\n \n Oct. 20, 2020\n \n /CNW/ -\n \n INEO Tech Corp.\n \n (TSXV: INEO) (the \"\n \n Company\n \n \" or \"\n \n INEO\n \n \"), an innovative provider of location-based digital advertising and analytics and operator of the patented\n \n INEO Welcoming Network,\n \n is pleased to announce it has filed its Annual Audited Consolidated Financial Statements and Management's Discussion and Analysis on SEDAR.com for the Company's fiscal year and fourth quarter ended\n \n June 30, 2020\n \n .\n \n \n \n \n \n \n \n \n \n \"We made tremendous progress in commercializing and bringing our patented\n \n INEO Welcoming Network\n \n to market in Fiscal 2020,\" said\n \n Greg Watkin\n \n , Chairman and Founder of INEO. \"We are extremely proud of our achievements over the past year including listing on the TSX Venture Exchange and completing a\n \n $2.8M\n \n RTO financing. We also persevered through the government mandated COVID-19 shutdown and emerged with a healthy balance sheet and a strong pipeline of retailers to add to our\n \n INEO Welcoming Network\n \n . INEO's focus on essential retail locations has positioned the Company to be one of the few location-based Digital-Out-of-Home advertising options available which allows brands to display their messaging in an impactful way.\"\n \n \n \n Fiscal 2020 Financial Highlights\n \n :\n \n \n \n INEO generated\n \n $526,954\n \n of revenue for the year ended\n \n June 30, 2020\n \n , representing an increase of 24.2% as compared revenue of\n \n $424,312\n \n for the year ended\n \n June 30, 2019\n \n . The increase in revenue is primarily attributable to an increase...