TECH - TAAL Distributed Information Technologies (TAALF) - Reports 4Q21 Results

4Q21 Results. TAAL had previously pre-announced 4Q revenue in the $13.75-$14.25 million (CAD) range. Actual revenue came in at $14.7 million, with income before value adjustments of $8.1 million, and net income of $832,100, or $0.02 per share. We had projected revenue of $13.55 million, income before value adjustments of $8.9 million, and net income of $2.6 million, or $0.06 per share.New Brunswick Facility Sale. TAAL has completed the sale of the New Brunswick facility purchased in December. TAAL will receive $24 million for the facility, which it will lease back. The purchaser has agreed to invest $20 million to upgrade the facility to host hashing operations. The net proceeds from the sale provides TAAL substantial liquidity. Read More >>