KIRKLAND, QC, Sept. 29,
2022 /CNW/ - Manitex Capital Inc. ("Manitex")
reported today its financial results for the third quarter ended
July 31, 2022.
Net loss for the quarter was $
1,289,844 compared to net income of $379,385 for the corresponding quarter in 2021.
For the nine-month period ending July 31,
2022 the net loss was $6,303,663 compared to $2,816,012 for the corresponding period in
2021.
Net book value per share ("NBV") as at July 31,2022 was $0.753 compared to an NBV of $1.254 as at October 31,
2021.
Manitex also announced today that it has issued a total of
1,050,000 stock options ("Options") to the officers of the
Corporation following the expiry of the prior Options granted to
such officers five (5) years ago today. All Options have an
exercise price of $0.72, vest
immediately and expire five (5) years following the date of
grant.
About Manitex Capital
Manitex is a diversified investment company specialized in
investing in emerging as well as established companies and assists
in increasing shareholder value. Manitex currently has 12,661,276
common shares outstanding which are quoted for trading on the TSX
Venture Exchange (TSX:MNX).
Forward Looking
Statements
This press release may contain certain forward-looking
information and statements concerning Manitex's operations,
performance and financial condition, including, in particular, the
likelihood of Manitex's success in developing and expanding its
business. These statements are based upon a number of assumptions
and estimates that are inherently subject to significant
uncertainties and contingencies, many of which are beyond Manitex's
control. Actual results may differ materially from those expressed
or implied by such forward-looking statements.
SOURCE Manitex Capital Inc.
