Acceleware Ltd (TSXV: AXE) Reports Lowered Revenue, Increased G&A Costs in Q3 2020

  • November 30, 2020 06:29 AM EST
  • Team Kalkine

Acceleware Ltd (TSXV: AXE) Reports Lowered Revenue, Increased G&A Costs in Q3 2020

Clean Tech company Acceleware Ltd recorded a revenue of about C$ 0.1 million in the third quarter of 2020, down from C$ 0.2 million Q3 2019. Its total comprehensive loss stood at C$ 0.5 million in Q3 2020, in line with that of Q3 2019.

The company’s general and administrative (G&A) expenses amounted to about C$ 0.4 million in the latest quarter, down C$ 0.2 million year-over-year because of reduced payroll and costs related to consulting.

Canadian Spirit Resources Inc (TSXV:SPI) Posts Increased Comprehensive Loss in Latest Financial Report

Natural resources company Canadian Spirit Resources’ loss and comprehensive loss for the nine months ending 30 September 2020 amounted to C$ 1.6 million.

Its working capital amounted to C$ 0.65 million by the end of September 2020, as against that of C$ 0.58 million as of December 2019-end.

The company had total assets worth C$ 38.1 million as of September-end. Air Canada To Expand Its Cargo Business

Air Canada announced on Friday, November 27, that it is planning to convert many of its retired Boeing 767 aircraft to carry cargo shipment.

The airline had appointed a vice president, Jason Berry, to oversee its freight division.

Air Canada said that its pilots have approved the changes made to their contract which will help its cargo business grow.

 


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