(via TheNewswire)
The Company generated revenues of
$340,008 compared to$191,551 for the same period in 2022, a change of$148,457 .NEOS Group Inc. contributed$119,930 to this variance.Cost of sales totalled
$421,109 compared to$261,484 in 2022, a change of$159,625 .Operating expenses increased from
$369,546 in 2022 to$661,357 in 2023, a variance of$291,811 . The main changes are related to stock-based compensation contributing to this variance for$253,724 . During this period, options were issued to the management team, including 15,913,379 options at$0.05 to Mr.Christian Trudeau and Mr.Michel Goyette , who are respectively CEO and CFO. In addition, 3,000,000 options at$0.05 were also issued to Mr.Michel Guay following his departure from the company.A gain on litigation settlement in the amount of
$382,918 was also realized during the three-month period endedSeptember 30, 2023 . The Company has settled an ongoing litigation and thereby eliminated an existing provision. This adjustment is reflected in the condensed consolidated interim financial statements and therefore has an impact on the Company's net income and comprehensive income.
On
On
The Company's Board of Directors also announced the appointment of Mr. Guy Camiré as Director, replacing Mr.
This new multidisciplinary team has a track record of success and strengths that will serve to harness the full potential of ATW's new technology product portfolio.
The Company also provided an update on the non-brokered private placement, announced on
On
Perspectives
"The third quarter of 2023 heralds a new beginning for the Company and a profound transformation," said
"This acquisition will not only allow us to increase and better position ourselves in this sector, but also to greatly strengthen our management team. In a highly competitive market, we strongly believe that the closing of this transaction will be of great benefit to ATW's shareholders, customers and employees."
The Company sees the opportunity in this acquisition as a first step in its efforts to identify and execute strategic acquisitions. "ATW's rapid growth and future, as a whole, will require targeted and strategic acquisitions," said
As part of this transformation, the Company is also announcing a strategic review of its Communications sector. "We need to analyze and evaluate the growth opportunities of this sector and see the opportunities for growth in the short and medium term," says its president.
Audit Committee
ATW announces the appointment of Mr. Guy Camiré as president of the Company's Audit Committee and Mr.
Update on a previous announced acquisition
On
Despite this decision, ATW continues its growth efforts and firmly believes that strategic acquisitions are an integral part of this strategy.
The data presented above is a summary of the highlights. For additional information, please refer to the Company's consolidated financial statements and Management's Discussion and Analysis for the period ended
ATW TECH PROFILE
ATW Tech and its subsidiaries (hereinafter collectively "the Company" or "ATW Tech") is a company in the technology sector, owner of several recognized technology platforms such as VoxTel, Option.vote and Semeon. VoxTel is a platform dedicated to telephone billing and alternative payment solutions for fixed and mobile lines. Option.vote offers a tailor-made multimodal voting system for trade unions, political parties, professional associations and anyone looking for a safe way to reduce their voting costs and improve their participation rate.
Forward-Looking Statements
Certain information contained in this press release may constitute "forward-looking" information that involves known and unknown risks, uncertainties, forecasts and other factors that may materially affect the actual results, performance or achievements of the Company or the results of the industry as compared to any results, performance or achievements expressed or implied by the Company's information. forward-looking. When used in this press release, it may include words such as: "anticipate," "estimate," "may," "will," "expect," "anticipate," "believe," "project" and other terminology. This information reflects current expectations regarding future events and operating performance and speaks only as of the date of this press release. Except as required by law, we undertake no obligation to update or revise any forward-looking information to reflect new events or circumstances.
Additional information about the Company is available on SEDAR at www.sedar.com.
Neither the
SPRING:
ATW TECH
President and Chief Executive Officer
Christian.Trudeau@atw.groupeneos.com
www.atwtech.com
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Copyright (c) 2023 TheNewswire - All rights reserved., source