ITeknik Holding Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
November 15, 2018 at 01:45 pm EST
iTeknik Holding Corporation reported earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, revenues improved 6.8% from the prior three-month period from $815,880 to $871,519. The company also reduced its net loss quarter-over-quarter by 11.3%. The net loss for the current quarter includes $225,000 of interest payments accrued as part of the TCA Global Fund debenture agreement.
For the nine moths, the company reported that revenues improved 29.7% from the prior nine-month period from $1,587,457 to $2,458,976.