Money Genius Group
  • Investing
  • World News
  • Stock
  • Tech News
Investing

Forward Water Technologies Announces June 30, 2024 Financial Results

by August 30, 2024
August 30, 2024

Forward Water Technologies Corp. (TSXV:FWTC) (the ‘Company’) is pleased to announce that it has filed its condensed consolidated interim financial statements and related management’s discussion and analysis for the three months ended June 30, 2024 (fiscal year Q1, 2025). Copies of these financial statements and related management’s discussion and analysis can be found on the Company’s issuer profile at www.sedarplus.ca. All financial information in this news release is reported in Canadian dollars, unless otherwise indicated

Three Months Ended June 30, 2024 Financial Highlights

Revenue was $8,895 for the three months ended June 30, 2024, compared to $3,349 in the prior period in 2023.

Total expenses were $251,350 for the three months ended June 30, 2024, compared to $630,251 a decrease of $378,901 or 60% compared to the same period in 2023.

Net loss and comprehensive loss were $261,950 for the year ended June 30, 2024, compared to a loss of $596,477, a reduction of $344,527 or 60% for the same period in 2023.

Basic and diluted loss per share were $0.00 and $0.01 for the same period in 2023.

Operating Highlights and Recent Corporate Developments

On May 14, 2024, the Company announced that it had entered into a letter of intent dated May 13, 2024, which outlines the general terms and conditions of a proposed business combination, by way of an amalgamation, arrangement, or other similar form of transaction, which will result in Fraser Mackenzie Accelerator Corp (‘FMAC’) becoming a wholly-owned subsidiary of FWTC.

On May 24, 2024, the Company announced that it closed the issuance of the $225,000 of debentures.

This post appeared first on investingnews.com
previous post
New Jersey Democrats pick state senator to replace Pascrell on November ballot
next post
Board and Executive Management Restructure

You may also like

Stunalara Acceptances Reach 54%

March 14, 2025

Gold Price Hits New Record, Breaking US$2,975 for...

March 13, 2025

BHP to Invest Up to AU$40 Million in...

March 13, 2025

Noble Mineral highlights Successful Exploration Results announced by...

March 13, 2025

CHARBONE Hydrogen and ABB Sign Agreement to Advance...

March 13, 2025

CHARBONE Hydrogene et ABB signent une entente pour...

March 13, 2025

Global Nickel Mining Market Size Forecasted to Reach...

March 13, 2025

Cizzle Brands Corporation Schedules Second Fiscal Quarter 2025...

March 13, 2025

Opawica Explorations’ Bazooka Project: A Key Potential Asset...

March 13, 2025

Trump Threatens to Double Tariffs on Canadian Steel...

March 13, 2025

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Five Stocks Showing Strength in a Bearish Tape

      March 13, 2025
    • Bearish ADX Signal on S&P Plays Out – Now What?

      March 13, 2025
    • How to Spot a Market Rebound Before Everyone Else Does

      March 13, 2025
    • Stock Market Dips Below 200-Day Moving Average: Are Your Investments Ready for a Shift?

      March 12, 2025
    • 5 Strong Stocks Defying the Bearish Market!

      March 12, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 moneygeniusgroup.com | All Rights Reserved

    Money Genius Group
    • Investing
    • World News
    • Stock
    • Tech News