Healthcare Integrated Technologies Inc. Reports Earnings Results for the Third Quarter Ended April 30, 2020
June 11, 2020 at 04:08 pm EDT
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Healthcare Integrated Technologies Inc. announced earnings results for the third quarter ended April 30, 2020. For the third quarter, the company announced operating loss was USD 283,365 compared to USD 166,272 a year ago. Net loss was USD 293,811 compared to USD 179,925 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago. For the nine months, operating loss was USD 679,454 compared to USD 623,944 a year ago. Net loss was USD 711,316 compared to USD 668,686 a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.02 a year ago.
Healthcare Integrated Technologies, Inc. is a healthcare technology company. The Company creates a diversified spectrum of healthcare technology solutions to integrate and automate the continuing care, home care and professional healthcare spaces. Its initial product, SafeSpace with Artificial Intelligence (AI) Vision, is an ambient fall detection solution designed for continuing care communities and at home use. SafeSpace includes hardware devices utilizing red, green and blue (RGB), radar and other sensor technology coupled with its internally developed software to monitor a person remotely. In continuing care communities, SafeSpace detects resident falls and generates alerts to a centralized, intelligent dashboard without the use of wearable devices or any action by the resident. In the home, SafeSpace detects falls and sends alerts directly to designated individuals. In addition to its product offerings, the Company also develops a home concierge healthcare service application.