VANCOUVER, Nov. 26, 2018 /CNW/ - Fireswirl Technologies
Inc. (TSXV: FSW), "the Company", today announced its financial
results for the third quarter ended September 30, 2018. All figures are quoted
in Canadian dollars. Financial statements and accompanying MD&A
are available on SEDAR.
Financial Highlights for Q3:
- For the three months ended September 30,
2018 ("Q3 2018"), total operating revenue was $35,398 compared to $143,194 for the same period in 2017 ("Q3
2017").
Net loss for the period decreased $168,548 to $162,282 in Q3 2018 compared to $330,830 for the same period in 2017.
- The Company had a total loss attributable to shareholders of
the Company of $152,248 in Q3 2018
compared to a net loss of $292,179
for the same period in 2017. The decrease of loss is mainly because
the decreased of general administration and marketing
expenses.
"We continue to develop new strategies to expand out VX market
share and customer base" stated Henry Au, CEO.
About Fireswirl
Fireswirl Technologies Inc. (TSXV: FSW) is focused on creating
transactional revenue by engineering electronic and mobile commerce
solutions for content providers. The Company's technology has broad
applications for solutions requiring multiple payment interfaces,
multicurrency and multi-language capabilities. Our solutions can be
adapted to any industry seeking high volume or micro-payment
solutions involving a wide base of users through internet or
wireless applications.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or the accuracy of this release.
This news release contains certain forward-looking statements that
reflect the current views and/or expectations of Fireswirl
Technologies Inc. with respect to its performance, business and
future events. Investors are cautioned that all forward-looking
statements involve risks and uncertainties including, without
limitation, those relating to changes in the market, potential
downturns in economic conditions, foreign exchange fluctuations,
general demand, competition and our ability to implement our
business plans and strategies in a timely manner or at all. These
risks, as well as others, could cause actual results and events to
vary significantly. Fireswirl Technologies Inc. does not undertake
any obligations to release publicly any revisions for updating any
voluntary forward-looking statements.
SOURCE Fireswirl Technologies Inc.