Lite Access Technologies Inc. Reports Q3 2017 Financial Results and Provides Corporate Update

About this update from Ironman International Ltd.

Lite Access Technologies Inc. Reports Q3 2017 Financial Results and Provides Corporate Update /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } Canada NewsWire VANCOUVER, Aug. 29, 2017 Lite Access Continues Revenue Growth in United Kingdom Operations Gains Permitting Approvals in United Kingdom, Additional Crews Trained & Equipped to Position for Significant Growth VANCOUVER, Aug. 29, 2017 /CNW/ - LITE ACCESS TECHNOLOGIES INC. (the "Company") (TSX VENTURE: LTE)(OTC PINK: LTCCF), a world leader in fibre optic products and advanced installation methodologies, today reported its financial results for the third quarter ended June 30, 2017 and provides corporate update.  The Company's unaudited financial statements and related management's discussion and analysis ("MD&A") can be viewed on SEDAR at www.sedar.com. Highlights for the Third Quarter 2017: Lite Access UK Continues Revenue Growth.  Lite Access UK 2017 Q3 revenues of $1,116,293 as compared to Lite Access UK 2017 Q2 revenues of $954,196.  Total Lite Access UK revenue of $2,189,682 for the nine-month period ended June 30, 2017. UK Home Connections.  Lite Access UK has completed over 3,000 homes and 10kms of trunk / backbone across the United Kingdom. Revenue for the Group of Companies.  Total revenue of $1,912,934 for the quarter ended June 30, 2017 ($5,518,751 for the nine months ended June 30, 2017) compared to $2,437,537 for the quarter ended June 30, 2016 ($10,146,561 for the nine months ended June 30, 2016). Key Board Appointments. As previously announced, Lite Access appointed an international telecom veteran, Steven King, and a capital markets veteran, Kevin Smith, to its board of directors at its annual general meeting. Liquidity.  Cash of $17,242,798 as at June 30, 2017. Net Loss.  Net comprehensive loss after taxes of $2,032,540 for the quarter ended June 30, 2017 compared to net comprehensive income after taxes of $614,386.  The net comprehensive loss for 2017 is attributable to Lite Access UK start-up costs relating to intensive training and trialing of different deployment methods, the acquisition of equipment as well as intentiona...

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