TKSTF - Tinkerine Quarter 3 2021 Financial Results and Results of Annual General Meeting of Shareholders
(TheNewswire)
TheNewswire - November 29,2021 - Tinkerine™ Studios Ltd. (TSXV:TTD) ("Tinkerine" or the "Company") announces thefiling of its financial statements and management discussion andanalysis for the fiscal period ending September 30, 2021. Thesefilings are available for review on SEDAR and the Corporation’swebsite.
Highlights
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Revenue of Cdn $288,726 versus revenue of Cdn $86,819in the comparable Q3 2020 period.
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Gross Profit of Cdn $176,662 versus gross profit of Cdn$45,012 in Q3 2020.
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Net Income of Cdn $184, versus a Net Loss of Cdn$116,420 in Q3 2020.
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Purchase order for US $235,900 for 3D printers, skillsand cloud platform.
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Entered partnership with Kansas City AudioVisual.
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Enhancements for Tinkerine Cloud to add visualizationand print simulation pre-check improvements.
Financial Results
| Q3 2021 |
| Q3 2020 |
| Revenue |
| $288,726 |
| $86,819 |
| Gross Profit |
| $176,662 |
| $45,012 |
| Expenses |
| $176,477 |
| $161,432 |
| Net Income (Loss) |
| $184 |
| ($116,420) |
Annual General Meeting Results
The Company also announces the results of its AnnualGeneral Meeting of shareholders (the “Meeting”) held on November25, 2021 in Vancouver, British Columbia. All resolutions proposed atthe Meeting were duly passed.
The resolutions at the Meeting consisted of thefollowing: (1) setting the number of directors; (2) election of alldirector nominees, as listed in the management information circulardated October 27, 2021, to the board of directors of the Company; and(3) re-appointment of Dale-Matheson Carr-Hilton LaBonte LLP as auditorof the Company for the ensuing year and authorization of the directorsto fix its remuneration.
The voting results, with a total of 11,009,952 votes or22.16% of the Company’s issued and outstanding common sharesrepresented at the Meeting, are summarized as follows:
| Votes for |
| Votes for |
| Votes against or withheld/against |
| Votes against or withheld/against |
| Number of Directors |
| 11,002,952 |
| 99.94 |
| 7,000 |
| 0.06 |
| Re-election of Eugene Suyu |
| 10,850,952 |
| 98.56 |
| 159,000 |
| 1.44 |
| Re-election of Todd Blatt |
| 10,850,952 |
| 98.56 |
| 159,000 |
| 1.44 |
| Re-election of Bob Longo |
| 10,850,952 |
| 98.56 |
| 159,000 |
| 1.44 |
| Re-election of Justin Sy |
| 10,850,952 |
| 98.56 |
| 159,000 |
| 1.44 |
| Dale Matheson Carr-Hilton LaBonte LLP as Auditor |
| 11,007,952 |
| 99.98 |
| 2,000 |
| 0.02 |
Following the Meeting, the Board of Directors appointedEugene Suyu as President and Chief Executive Officer; Chris Lee asChief Financial Officer and Corporate Secretary; and Justin Sy asChief Technology Officer. Justin Sy, Bob Longo and Todd Blatt wereappointed as members of the Company’s Audit Committee with ToddBlatt as Chair.
About Tinkerine
Our mission is to provide a foundational understandingabout Applied Design driven by 3D printing. Our ecosystem of 3Dprinting products and educational resources equips future generationswith the innovative tools and products to stay ahead in a fast-paced,tech-driven world. Tinkerine enables the curious to convert creativeideas into the tangible and the unimaginable. All Tinkerine 3Dprinters and education services are designed and manufactured inCanada.
For further information please contact:
Dean Stuart
T: 403 617 7609
E: dean@boardmarker.net
Eugene Suyu
Chief Executive Officer
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Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
This news release contains certain forward-lookingstatements, including, but not limited to, expectations as to theacceptance of products designed and created by the Tinkerine AppliedDesign staff and the Company’s future plans and intentions. Whereverpossible, words such as “may”, “will”, “should”,“could”, “expect”, “plan”, “intend”, “anticipate”,“believe”, “estimate”, “predict” or “potential” or thenegative or other variations of these words, or similar words orphrases, have been used to identify these forward-looking statements.These statements reflect management’s current beliefs and are basedon information currently available to management as at the datehereof.
Forward-looking statements involve significant risk,uncertainties and assumptions. Many factors could cause actualresults, performance or achievements to differ materially from theresults discussed or implied in the forward-looking statements. Thesefactors should be considered carefully and readers should not placeundue reliance on the forward-looking statements. Although theforward-looking statements contained in this news release are basedupon what management believes to be reasonable assumptions, theCompany cannot assure readers that actual results will be consistentwith these forward-looking statements. The Company assumes noobligation to update or revise them to reflect new events orcircumstances, except as required by law.
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