Business
Pathfinder Announces 2023 Second Quarter Financial Results
(TheNewswire) VANCOUVER, B.C. - TheNewswire - August 30 , 2...
About this update from Pathfinder Ventures Inc
[{"type":"text","content":"Pathfinder Announces 2023 Second Quarter Financial Results\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n VANCOUVER, B.C.\n \n \n - TheNewswire -\n \n \n \n August\n \n \n \n \n 30\n \n \n \n \n ,\n \n \n \n 2023\n \n –\n \n Pathfinder Ventures Inc.\n \n (\n \n TSXV:RV\n \n ) (the “Company,” or\n“Pathfinder.”), a growing campground owner and operator reports\ntoday on its financial and operating results for the three-month\nperiod (or “second quarter” or “Q2”) ended June 30, 2023.\n \n \n The Company reports a YTD increase in revenue of $1,982 to $1,377,998\ndriven by the successful build-out of winter stay programs in both\nAgassiz and Parksville earlier in the year.  Advanced site nights\nbooked for the FY24 spring and summer season are up 23% YoY following\na successful marketing campaign promoting advanced bookings for the\nnext season.\n \n \n While Q2 2023 occupancy is down slightly at 48% compared to 50% in Q2\n2022, occupancy increased 15% YoY this July compared to last, and the\nCompany is seeing continued strong demand.  The Company expects to\nmeet or exceed 2022 revenues this year ending 2023.\n \n \n The consolidated financial statements and Management Discussion and\nAnalysis (“MD&A”) can be viewed at www.sedar.com. The\nfinancial information provided herein should be read in conjunction\nwith and is qualified by additional information and disclosures\ncontained in the consolidated financial statements, including the\nnotes thereto, and the MD&A.\n \n \n \n \n \n Financial and\nOperational Highlights\n \n \n \n \n \n \n \n \n \n \n \n \n Q2 2023\n \n \n \n \n \n \n Q2 2022\n \n \n \n \n \n \n \n \n Occupancy\n \n \n \n \n \n \n 48%\n \n \n \n \n \n \n 50%\n \n \n \n \n \n \n \n \n Occupied Site Nights\n \n \n (1)\n \n \n \n \n \n \n 14,287\n \n \n \n \n \n \n 14,838\n \n \n \n \n \n \n \n \n Revenue\n \n \n \n \n \n \n $ 865,614\n \n \n \n \n \n \n $ 916,938\n \n \n \n \n \n \n \n \n Operating expenses\n \n \n \n \n \n \n ($ 1,357,806)\n \n \n \n \n \n \n ($ 1,251,658)\n \n \n \n \n \n \n \n \n Net loss and comprehensive loss\n \n \n \n \n \n \n ($ 553,838)\n \n \n \n \n \n \n ($401,621)\n \n \n \n \n \n \n \n \n Net loss per share\n \n \...