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For the three months ended 31 March 2017, SpendSmart Networks Inc revenues increased 3% to $1.5M. Net loss decreased 88% to $585K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Inducement for exercise of warrants decrease from $3.6M (expense) to $0K, General and administrative decrease of 55% to $315K (expense).
Period Ending: | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 |
---|---|---|---|---|
Total Revenue | 1.47 | 1.23 | 1.53 | 1.61 |
Gross Profit | ||||
Operating Income | -0.48 | -2.98 | -0.56 | -0.69 |
Net Income | -0.58 | -2 | 0.18 | -0.14 |
Period Ending: | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 |
---|---|---|---|---|
Total Assets | 0.95 | 0.85 | 3.28 | 3.25 |
Total Liabilities | 6.23 | 5.83 | 6.48 | 6.78 |
Total Equity | -5.28 | -4.98 | -3.21 | -3.53 |
Period Ending: | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 |
---|---|---|---|---|
Period Length: | 3 Months | 12 Months | 9 Months | 6 Months |
Cash From Operating Activities | -0.21 | -1.35 | -1.13 | -0.94 |
Cash From Investing Activities | 0 | -0.29 | -0.3 | -0.3 |
Cash From Financing Activities | 0.32 | 1.24 | 1.05 | 0.87 |
Net Change in Cash | 0.11 | -0.4 | -0.38 | -0.37 |
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