Uniserve’s Q1 results indicate 30% revenue increase
October 30 2017 - 8:01AM
Uniserve Communications Corporation (the “Company”) is pleased to
announce the first quarter 2018 financial results. Year to date
revenue has increased by 30%. The Company finished the first
quarter with:
- Gross revenues for fiscal Q1 year to date of $2.11M vs $1.62M
or 30% increase over same period last year.
- Operating expenses for Q1 2018 rose to $1.22M vs 2017 Q1 costs
of $760K, primarily due to support for future growth and the costs
associated with Glenbriar acquisition, which occurred during the
quarter.
- Q1 fiscal 2018, EBITDA loss of $499k, vs Q1 2017 loss of $257k,
primarily due to increases in staffing and associated costs of
assimilating two acquisitions during the quarter.
For Q1 fiscal 2018 table, please click
here: http://www.globenewswire.com/NewsRoom/AttachmentNg/cbe31e2b-46d7-4f4e-b553-e9a10fbd3f26.
About Uniserve
Uniserve (TSX:USS.V) is a unified communications company
delivering integrated voice, data and media services to over 13,000
customers within the residential, business to business and
enterprise IT markets, currently focusing on Western
Canada.
The company has been in existence for almost 28 years and has a
client base across three sectors selling directly and through the
wholesale channel.
The recent corporate restructuring has resulted in most the
board and management team being replaced, culminating in the hiring
of Nicholas Jeffery the new CEO from Europe, who has a wealth
of internet service provider and managed service company
experience.
Uniserve prides itself on delivering world class customer
services. They believe when all else is equal you can trust the
company to offer highly competitive pricing and cutting edge
technology bundles, all underpinned by an exemplary customer
service team based in Canada.
This news release was prepared on behalf of the Board of
Directors, which accepts full responsibility for its contents.
Learn more at www.uniserve.com or at www.sedar.com.
Michael C. Scholz Chairman of the Board
For more information please contact Mr. Mark Stanton at
604-395-3908 or email us at mark.stanton@uniserveteam.com.
Neither TSX Venture Exchange nor its Regulations Services
Provider (as the term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release. Management has prepared this release and no
regulatory authority has approved or disapproved the information
contained herein. The statements contained in this news release
that are not historical facts are forward looking statements. Such
statements are based on management’s estimates, assumptions and
projections using available information. Uniserve cautions that
actual financial results could differ materially from the current
expectations due to several factors.
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