Business
Pathfinder Announces 2023 Third Quarter Financial Results
(TheNewswire) VANCOUVER, B.C. - TheNewswire - November 21, 2023 – ...
About this update from Pathfinder Ventures Inc
[{"type":"text","content":"Pathfinder Announces 2023 Third 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 November 21,\n \n \n \n 2023\n \n –\n \n Pathfinder Ventures Inc.\n \n (\n \n TSXV:RV\n \n ) (the “Company,”\n“RV” or “Pathfinder.”), a growing campground owner and\noperator reports today on its financial and operating results for the\nthree-month period (or “third quarter” or “Q3”) ended\nSeptember 30, 2023.\n \n \n The Company’s Q3 revenue increased by 10% or $142,303 compared to\nthe prior year same period evidencing the continued demand for\nPathfinder Camp Resorts as summer destinations, supported by the\nnormalized weather conditions in the current year. YTD revenue\nincreased by 8% or $116,215 YoY, driven by strong Q1 and Q3 sales\npartially offset by weaker demand seen in the shoulder seasons of\nApril-May.\n \n \n Q3 adjusted EBITDA increased by 19% or $73,008 from the same prior\nyear period primarily as a result of increased revenue. YTD adjusted\nEBITDA decreased however by 1% or $5,049 YoY, due to the increased\ncost on staffing, insurance and corporate activities which largely\noffset the revenue increase.\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 Q3 2023\n \n \n \n \n \n \n Q3 2022\n \n \n \n \n \n \n \n \n Occupancy\n \n \n \n \n \n \n 78%\n \n \n \n \n \n \n 70%\n \n \n \n \n \n \n \n \n Occupied Site Nights\n \n \n (1)\n \n \n \n \n \n \n 23,806\n \n \n \n \n \n \n 21,103\n \n \n \n \n \n \n \n \n Revenue\n \n \n \n \n \n \n $ 1,544,628\n \n \n \n \n \n \n $ 1,402,325\n \n \n \n \n \n \n \n \n Operating expenses\n \n \n \n \n \n \n ($ 1,561,240)\n \n \n \n \n \n \n ($ 1,456,848)\n \n \n \n \n \n \n \n \n Net loss and comprehensive loss\n \n \n \n \n \n \n ($ 32,561...