Mr. Gary Yeoman reports
ILOOKABOUT ANNOUNCES RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2018
iLookabout Corp. has released its unaudited condensed interim consolidated financial statements for the three and nine months ended Sept. 30, 2018, and Sept. 30, 2017, and the related management's discussion and analysis. The documents are available on SEDAR and at the company's website. Shareholders may request a hard copy of this material by directing their request to iLookabout, office of the chief financial officer, Suite 408, 383 Richmond St., London, Ont., N6A 3C4.
"Financial results of our core operations this quarter were largely consistent with previous quarters of this fiscal year and continue to provide for our ability to invest in our growth strategy," commented Gary Yeoman, chair and chief executive officer of iLookabout. "Our growth strategy includes geographic expansion within the United States, product enhancement and acceleration of deployment of existing applications, including GeoViewPort, and new product development for our real estate data marketplace. Among other achievements this quarter, or shortly thereafter, we are pleased to report that the company has entered a non-binding term sheet to acquire the assets of a U.S.-based real estate valuation technology company and made significant steps in establishing the infrastructure required to support future development of the ReBloc platform."
Discussion with respect to the results noted above can be found in the management's discussion and analysis.
HIGHLIGHTS OF FINANCIAL RESULTS
Three months ended Sept. 30, Nine months ended Sept. 30,
2018 2017 2018 2017
Revenue $2,226,000 $2,432,000 $6,941,000 $6,831,000
Comprehensive income (loss) (506,000) 175,000 (795,000) (34,000)
Adjusted EBITDA 117,000 297,000 400,000 448,000
About iLookabout Corp.
iLookabout is a software, data analytics, data aggregation and visual intelligence company focused on real property. The company primarily serves the property assessment, property taxation, municipal, insurance and appraisal sectors, both public and private, in North America. iLookabout provides powerful data analytics to the real estate industry through its real property tax analytics software offering.
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