Mr. James Staudohar reports
ENSSOLUTIONS GROUP ANNOUNCES FILING OF YEAR-END FINANCIAL STATEMENTS AND MD&A
Enssolutions Group Inc. has filed its audited consolidated financial statements for the 12 months ended Dec. 31, 2015, and the comparative 2014 year, along with management's discussion and analysis.
"Two thousand fifteen was a year of internal changes for us, and we were not able to fully recognize the benefits of the increased revenues due to unforeseen administrative expenses," stated James D. Staudohar, interim chief executive officer. He went on to say, "We have addressed several items of expense which have been eliminated and have identified potential new customers for 2016."
Financial results
Certain of the company's financial results for the 12-month periods ended Dec. 31, 2015, and 2014, are presented in the attached table.
FINANCIAL HIGHLIGHTS
Year ended Year ended
Dec. 31, 2015 Dec. 31, 2014
Revenues $2,531,447 $1,688,102
Operating (loss) (1,539,728) (1,441,871)
Net (loss) (2,301,562) (1,607,007)
Basic and diluted (loss) per
share 0.02 0.02
Debra Zarbock, chief financial officer, said, "Although we are happy with the increased revenues in 2015, we hope to exceed this in 2016 and do a better job of controlling costs."
The company's consolidated financial statements and management's discussion and analysis for the year ended Dec. 31, 2015, are available at SEDAR.
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