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Virtutone Financials

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By Bobwins

Posted: Saturday Jun 1 9:44:18AM 2013

FYE 01/31/13    Total revs  2.8 million and a loss before tax of 620K.  

Q4 results were total revs of 557K and a loss of 291K or .01eps.  Net income results got progressively worse each qtr during the year.  Q1 had net profits of $28,109, followed by increasing losses of 123K, 235K and 291K for Q4.

What doesn't show in these financials are the new wholesale division revs, reported at 1.8 million for the month of April alone.  These new wholesale revs should return VFX to profitability.  Not sure if it will happen in Q1 ending 4/30/13 or not, since revs didn't begin on 2/1/13 when the qtr started.  



By rodball

Posted: Saturday Jun 1 4:29:08AM 2013

You can find VFX annual financials , released last night, on Sedar.

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