Sonomax Reports 2012 Results
MONTREAL--(BUSINESS WIRE)-- SonomaxTechnologies Inc. ("Sonomax" or the "Company") (TSX Venture: SHH) today disclosed its results for the year ended December 31, 2012.
2012 highlights were:
Increase in net revenue to $842,538 in 2012 from $656,574 in 2011.
Increase in operating expenses to $5,372,220 in 2012 compared to $5,191,081 in 2011.
Gross loss was $669,386 in 2012 compared to $230,090 in 2011.
Full financial statements can be found at: www.sedar.com
About Sonomax Technologies Inc.
Sonomax® is a leader in the product development, research, and licensing of in-ear technologies. With more than 21 patents and 10 trademarks worldwide, Sonomax's pioneering innovation includes instant custom-fitting earpieces that deliver the most comfortable, protective and sound-enhancing experience in the world. Poised to become a standard for all in-ear applications, SonoFit™ offers OEM, ODM and aftermarket clients a broader range of opportunities in customized earpieces for the consumer, industrial, military and health markets. Learn more at http://sonomax.com
Connect with Sonomax Technologies, Inc. on Facebook at facebook.com/pages/Sonomax and on Twitter at twitter.com/Sonomax_SHH.
This news release contains certain forward-looking statements that reflect the current views and/or expectations of Sonomax Technologies Inc. with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Sonomax Technologies Inc.
Michael Blank, CFO, 514-932-2674 ext 2236
KEYWORDS: North America Canada
The article Sonomax Reports 2012 Results originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.