VTI visioneering technologies inc.
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April 18 (Reuters) - Visioneering Technologies Inc (VTI) : Q1...

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    18/04/23
    11:10
    Post #: 67328944

    April 18 (Reuters) - Visioneering Technologies Inc (VTI) :

    • Q1 FY23 NET REVENUE UNAUDITED $2.3 MILLION, UP 32% VERSUS Q1 FY22
    • EXPECTS OPERATING EXPENSE RUN RATE FOR REMAINDER OF FISCAL YEAR TO REMAIN STEADY AT ITS CURRENT LEVEL
    • NET CASH USED IN OPERATING ACTIVITIES MAY VARY ON QTRLY BASIS IN FY23 BUT EXPECTED TO REMAIN BELOW FY22 QTRLY AVERAGE
    • EXPECTS DECLINING SHIPPING COSTS TREND TO CONTINUE TO POSITIVELY IMPACT GROSS MARGINS FOR REMAINDER OF FY23
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