on Forward Water Technologies Corp. (isin : CA34988A1021)
Forward Water Technologies Announces June 30, 2024 Financial Results
Forward Water Technologies Corp. (TSXV:FWTC) has filed its condensed consolidated interim financial statements and related management's discussion and analysis for the three months ended June 30, 2024. All financial information is reported in Canadian dollars.
Revenue for the quarter was $8,895 compared to $3,349 in the prior period in 2023. Total expenses decreased by 60% to $251,350. Net loss and comprehensive loss reduced by 60% to $261,950 from $596,477. Basic and diluted loss per share remain unchanged.
Key developments include a letter of intent for a business combination with Fraser Mackenzie Accelerator Corp and the issuance of $225,000 of debentures. Additionally, the company announced new projects in the food and beverage sector and issued $200,000 in unsecured convertible debentures.
C. Howie Honeyman, CEO, emphasized that these developments position the company for growth and financial improvement.
R. E.
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