Sonomax Reports First Quarter 2013 Results

Business Wirevia The Motley Fool
Updated

Sonomax Reports First Quarter 2013 Results

MONTREAL--(BUSINESS WIRE)-- SonomaxTechnologies Inc. ("Sonomax" or the "Company") (CNSX: SHH) today disclosed its results for the three-month period ended March 31, 2013.

First quarter 2013 highlights were:

  • Decrease in net revenue to $55,599 in 2013 from $149,726 in 2012.

  • A decrease in operating expenses to $950,914 in 2013 compared to $1,429,820 in 2012

  • Gross loss was $27,898 in 2013 compared to gross profit of $7,303 in 2012.


Full financial statements can be found at: www.sedar.com

The Company is also pleased to report that it has started trading on the Canadian National Stock Exchange (CNSX) under the same trading symbol SHH. Sonomax believes this transition will be beneficial to all shareholders as we continue to shape Sonomax Technologies into a premier in-ear R&D House.

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 http://facebook.com/pages/Sonomax and on Twitter at http://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, 514-932-2674 ext 2236
CFO
mblank@sonomax.com

KEYWORDS: North America Canada

INDUSTRY KEYWORDS:

The article Sonomax Reports First Quarter 2013 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.

Advertisement