Adya Announces Results for the Year Ended December 31, 2021 and Changes to Board
Adya Announces Results for the Year Ended December 31, 2021 and Changes to Board
TORONTO--(BUSINESS WIRE)--Adya Inc. (“Adya” or the “Company”), (TSX-V: ADYA) today announces it has released its annual audited consolidated financial statements for the year ended December 31, 2021.
SUMMARY OF SELECTED FINANCIAL AND OPERATIONAL HIGHLIGHTS
The following Summary of Selected Financial and Operational Highlights have been derived from the consolidated financial statements and Management Discussion and Analysis for the years ended December 31, 2021 and December 31, 2020 (the “Financial Statements”). Readers are encouraged to review the entire Financial Statements. All amounts are in Canadian dollars.
|
|
2021 |
|
|
2020 |
|
|
Revenue |
$ |
4,911,296 |
|
$ |
5,730,374 |
|
|
Gross Margin |
$ |
2,308,214 |
|
$ |
2,409,370 |
|
|
Gross Margin % |
|
47 |
% |
|
42 |
% |
|
EBITA |
$ |
(295,264 |
) |
$ |
(389,730 |
) |
|
Net loss |
$ |
(745,009 |
) |
$ |
(783,648 |
) |
|
Loss per share - basic and diluted |
$ |
(0.032 |
) |
$ |
(0.033 |
) |
|
A complete financial reporting package, including the Consolidated Financial Statements and Notes and MD&A for the year ended December 31, 2021, is available on SEDAR website (www.sedar.com) or via email to investorrelations@adya.ca or via phone at 416-499-5463.
BOARD OF DIRECTORS
The board announces the resignation of Michael Feola as a Director of the Company. The Board of Directors thanks Mr. Feola for his service to Adya and wishes him well in his future endeavours.
ABOUT ADYA
Adya is a publicly traded holding company, with offices located in Toronto, Canada, and currently a strategic shareholder in telecommunications and technology companies.
DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements herein may be “forward looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Adya or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward looking statements. These forward looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Adya assumes no obligation, except as required by law, to update any forward looking statements to reflect new events or circumstances.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts
Adya Inc.
Mr. Samer Bishay,
President and CEO
Tel: 416 499 5463
investorinquiry@telehop.com
