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For the nine months ended 31 August 2015, Methes Energies International Ltd revenues decreased 54% to $1.5M. Net loss decreased 69% to $1.6M. Revenues reflect Biodiesel sales decrease of 98% to $53K, Government incentives decrease of 99% to $2K, Feedstock sales decrease of 98% to $3K. Lower net loss reflects SGA decrease of 53% to $1.9M (expense), Interest expense decrease of 34% to $258K (expense).
Period Ending: | Aug 31, 2015 | May 31, 2015 | Feb 28, 2015 | Nov 30, 2014 |
---|---|---|---|---|
Total Revenue | 0.58 | 0.02 | 0.88 | 2.23 |
Gross Profit | 0.06 | -0.03 | 0.87 | 0.24 |
Operating Income | -0.63 | -0.82 | 0.12 | -1.13 |
Net Income | -0.72 | -0.91 | 0.06 | -1.23 |
Period Ending: | Aug 31, 2015 | May 31, 2015 | Feb 28, 2015 | Nov 30, 2014 |
---|---|---|---|---|
Total Assets | 8.48 | 8.73 | 9.32 | 9 |
Total Liabilities | 4.68 | 5.37 | 5.05 | 4.86 |
Total Equity | 3.79 | 3.36 | 4.26 | 4.14 |
Period Ending: | Aug 31, 2015 | May 31, 2015 | Feb 28, 2015 | Nov 30, 2014 |
---|---|---|---|---|
Period Length: | 9 Months | 6 Months | 3 Months | 12 Months |
Cash From Operating Activities | -1.38 | -0.39 | 0.04 | -5.64 |
Cash From Investing Activities | 0.52 | 0.36 | 0 | -0.09 |
Cash From Financing Activities | 1.15 | 0.03 | 0.01 | 5.63 |
Net Change in Cash | 0.29 | 0.01 | 0.05 | -0.11 |
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