Pioneering Technology Corp. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended June 30, 2017; Provides Revenue Guidance for the Year 2017
For the nine months, the company reported revenue of $7,204,028 against $4,216,964 a year ago. Income from operations was $1,844,903 or $0.04 per share against $735,603 or $0.03 per share a year ago. Total comprehensive income was $57,435 or $0.00 per share against $516,970 or $0.02 per share a year ago. Adjusted EBITDA was $1,709,706 against $1,071,154 a year ago.
The company continues to grow business profitably. The company ahead of plan year-to-date and believe forecast of 50% revenue growth in 2017 is achievable. The company expects to deliver continued growth and shareholder value.