Adya Inc. (“Adya” or the “Company”), (TSX-V: ADYA) today announces it
has released its annual audited consolidated financial statements for
the year ended December 31, 2018.
SUMMARY OF SELECTED FINANCIAL AND OPERATIONAL HIGHLIGHTS
The following Summary of Selected Financial and Operational Highlights
have been derived from the consolidated financial statements and
Management Discussion and Analysis for the years ended December 31, 2018
and December 31, 2017 (the “Financial Statements”). Readers are
encouraged to review the entire Financial Statements. All amounts are in
Canadian dollars.
| 2018 | 2017 | ||||||||||
| Revenue | $ | 8,507,837 | $ | 10,993,472 | |||||||
| Gross Margin | $ | 3,710,535 | $ | 4,625,299 | |||||||
| Gross Margin % |
44% |
|
42% |
|
|||||||
| EBITA | $ | 43,845 | $ | 209,835 | |||||||
| Adjusted EBITA | $ | 43,845 | $ | 302,337 | |||||||
| Net loss | $ |
(60,600) |
|
$ |
(437,632) |
|
|||||
| Loss per share – basic and diluted | $ |
(0.00) |
|
$ |
(0.01) |
|
|||||
A complete financial reporting package, including the Consolidated
Financial Statements and Notes and MD&A for the year ended December 31,
2018, is available on our corporate website (www.adya.ca),
at SEDAR website (www.sedar.com)
or via email to investorrelations@adya.ca
or via phone at 416-499-5463.
ABOUT ADYA
Adya is a publicly traded holding company, with offices located in
Toronto, Canada, and currently a strategic shareholder in
telecommunications and technology companies.
DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements herein may be “forward looking” statements that
involve known and unknown risks, uncertainties and other factors that
may cause the actual results, performance or achievements of Adya or the
industry to be materially different from any future results, performance
or achievements expressed or implied by such forward-looking statements.
Forward looking statements involve significant risks and uncertainties,
should not be read as guarantees of future performance or results, and
will not necessarily be accurate indications of whether or not such
results will be achieved. A number of factors could cause actual results
to vary significantly from the results discussed in the forward looking
statements. These forward looking statements reflect current assumptions
and expectations regarding future events and operating performance and
are made as of the date hereof and Adya assumes no obligation, except as
required by law, to update any forward looking statements to reflect new
events or circumstances.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
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