#pyng

Daily Download Friday July 26, 2019

Lemons Into Opportunities

ResiWeek 158: Joe Whitaker, Mark Feinberg and Ted Green join host Matt Scott talking about Crestron changing Pyng to Crestron Home. Joe Whitaker starts off talking about the process that goes into changing course throughout the development cycle of a product like Crestron Home.

Host: Matt Scott Guests:

Joe Whitaker – The Thoughtful Home

Mark Feinberg – Home…

VANCOUVER, BRITISH COLUMBIA, May 26, 2015 (Marketwired by means of COMTEX) — Pyng Health care Corp. (PYT) right now declared fiscal and working outcomes for the 3 and six months ended March 31, 2015. All quantities are in Canadian pounds until said otherwise.

The Company described total income of $ 1,650,528 for the three months finished March 31, 2015, up thirteen% in comparison with $ 1,466,392 for the next quarter of fiscal 2014. The income increase was mostly driven by greater TPOD income resulting from the more robust demand from customers from the worldwide market place. The gross margin also elevated to $ 848,637 from $ 665,612 reported a 12 months ago as a consequence of higher sales and operating performance improvements. As a result, gross margin as a percentage of sales increased to fifty one% from forty six% reported for the 2nd quarter of fiscal 2014. Working bills increased eighteen% to $ 1,014,701 this yr from $ 860,482 documented very last year, mainly owing to the increased international trade reduction, product sales and advertising, and merchandise improvement bills.

The Business described a web reduction of $ 166,064 for this quarter, equal to a loss of $ .007 per share, in comparison to a internet reduction of $ 194,870, or decline of $ .008 per share reported one particular yr in the past. Earnings prior to desire, depreciation, amortization and taxes (“EBITDA”) from continuing functions ended up unfavorable $ three,790, a lessen of $ 25,336 from $ 21,546 reported for the next quarter of fiscal 2014.

For the six months interval, overall sales of $ three,164,603 ended up recorded, up five% from $ three,003,295 for the comparative period final 12 months. The gross margin increased to $ one,512,290 this calendar year from $ 1,378,536 for very last yr. Functioning bills went up eight% to $ one,787,397 this calendar year as in comparison to $ 1,653,989 documented for comparative period of time of very last yr. This improve reflected the higher overseas exchange reduction resulting from the continuous weakening of the Canadian greenback, greater product sales and marketing, and product growth costs this 12 months.

As at March 31, 2015, the Organization experienced a income equilibrium of $ 279,a hundred and one, an increase of $ one hundred twenty five,877 compared with the stability of $ 153,224 as at September thirty, 2014. In the course of the quarter ended March 31, 2015, the Firm restructured the promissory be aware signed with its significant production companion and paid again whole principal of $ fifty eight,339 on its promissory notes. The Company proceeds to go after debt and/or fairness funding to assist fund its working funds wants. There can be no assurance that these initiatives will be productive.

Full audited monetary results for fiscal year ended September thirty, 2014 are available on SEDAR at www.sedar.com.

About Pyng Health care Corp.

Pyng Medical Corp. commercializes award-winning trauma and resuscitation products for entrance-line essential care staff. Pyng’s expanded product portfolio consists of a variety of modern, lifesaving instruments. With increasing markets in North The united states, Europe and Asia, Pyng gives person-chosen healthcare gadgets for use by hospital workers, crisis medical companies and armed forces forces worldwide.

Secure Harbour Statement Ahead-Seeking Statements: This launch could include ahead-looking statements primarily based on management’s anticipations, estimates and projections. All statements that tackle expectations or projections about the long term, like statements about the Company’s approach for expansion, product development, industry situation, envisioned expenses and economic final results are forward-looking statements. Some of the ahead-seeking statements could be determined by terms like “expects”, “anticipates”, “plans”, “intends”, “tasks”, “implies”, and similar expressions. These statements are not guarantees of potential performance and require a amount of hazards, uncertainties and assumptions. Several aspects, which includes these mentioned more totally in other places in this release and in documents which may be submitted with the British Columbia Securities Fee, the Alberta Securities Fee, the Ontario Securities Commission, the TSX Undertaking Exchange, as well as other Usa Commissions, could lead to outcomes to vary materially from those said. These variables consist of, but are not minimal to modifications in the laws, restrictions, guidelines and financial conditions, like inflation, fascination and overseas currency exchange charges, of nations around the world in which the Firm does enterprise aggressive pressures effective integration of structural modifications, such as restructuring programs, acquisitions, divestitures and alliances value of uncooked substance, analysis and advancement of new products, which includes regulatory approval and market place acceptance and seasonality of product sales in some merchandise.

Neither the TSX Venture Exchange nor its Regulatory Support Service provider (as that term is described in the policies of the TSX Undertaking Trade) accepts duty for the adequacy or precision of this launch.

Contacts: George Dorin Chief Fiscal Officer Pyng Health care Corp. (604) 303-7964 x219 www.pyng.com

Resource: Pyng Health-related Corp.

(C) 2015 Marketwire L.P. All rights reserved.

This entry passed by way of the Full-Text RSS service – if this is your articles and you’re reading through it on someone else’s web site, you should read the FAQ at fivefilters.org/content material-only/faq.php#publishers.