3 Sixty Risk Solutions Ltd. announced unaudited earnings results for the third quarter and nine months ended September 30, 2019. For the quarter, the company reported operating loss of CAD 2,477,470 as compared to CAD 1,189,649 a year ago. Net loss and comprehensive loss was CAD 2,479,037 as compared to CAD 1,189,649 a year ago. Loss per share was CAD 0.02 as compared to CAD 0.02 a year ago. Revenue was CAD 8,579,505 as compared to CAD 2,017,420 a year ago.

For the nine months, the company reported operating loss of CAD 10,892,938 as compared to CAD 2,132,091 a year ago. Net loss and comprehensive loss was CAD 10,893,096 as compared to CAD 2,132,091 a year ago. Revenue was CAD 19,570,911 as compared to CAD 3,074,967 a year ago.

Management projects an increase in revenue to more than CAD 9.0 million in revenues in fourth quarter of 2019, based on predictable recurring revenue which the Company expects to be driven by organic growth.

The Company is reaffirming its 2020 full year consolidated revenue guidance of approximately CAD 60 million to CAD 80 million, as provided on August 20, 2019.