Sonomax Reports Second Quarter 2013 Results

Business Wirevia The Motley Fool
Updated

Sonomax Reports Second Quarter 2013 Results

MONTREAL--(BUSINESS WIRE)-- SonomaxTechnologies Inc. ("Sonomax" or the "Company") (CNSX:SHH) today disclosed its results for the three-month period ended June 30, 2013.

Second quarter 2013 highlights were:

  • Decrease in net revenue to $78,154 in 2013 from $223,117 in 2012.

  • A decrease in operating expenses to $856,681 in 2013 compared to $1,488,631 in 2012

  • Gross loss was $22,506 in 2013 compared to $26,543 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 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.

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Sonomax Technologies Inc.
Michael Blank, 514-932-2674 ext 2236
CFO
mblank@sonomax.com

KEYWORDS: North America Canada

INDUSTRY KEYWORDS:

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