Route1 Announces Q3 2024 Financial Results
TORONTO, ON / ACCESSWIRE / November 26, 2024 / Route1 Inc. (TSXV:ROI) (the "Company" or "Route1"), an advanced North American provider of data-centric business empowerment solutions, today reported its financial results for the three- and nine-month periods ended September 30, 2024. Statement of operations In 000s of CAD dollars Q32024 Q22024 Q12024 Q42023 Q32023 Q22023 Revenue Subscription and services $ 1,417 $ 888 $ 906 $ 1,064 $ 1,148 $ 1,159 Devices and appliances 2,301 2,605 3,123 3,222 3,370 3,026 Other (12 ) (9 ) 3 10 5 (1 ) Total revenue 3,706 3,484 4,032 4,296 4,523 4,184 Cost of revenue 2,376 2,269 2,716 2,797 2,998 3,011 Gross profit 1,331 1,215 1,317 1,499 1,525 1,173 Operating expenses 1,418 1,457 1,431 1,558 1,542 1,533 Operating profit 1 (87 ) (242 ) (115 ) (59 ) (18 ) (360 ) Total other expenses 2 196 86 34 223 52 265 Net income (loss) $ (283 ) $ (328 ) $ (149 ) $ (282 ) $ (70 ) $ (625 ) 1 Before stock-based compensation 2 Includes gain or loss on asset disposal, stock-based compensation expense, interest expense, income tax recovery, foreign exchange loss or gain, other expenses and acquisition expenses.
Nov 26, 2024 | www.accesswire.com