Mr. Robert Matheson reports
GLENBRIAR REPORTS 2014 Q3 RESULTS
Glenbriar Technologies Inc.
has released its unaudited financial results for the nine months ended
June 30, 2014.
Nine months ended June 30,
2014 2013
Revenue $ 4,560,923 $ 4,610,619
Gross profit 1,321,191 1,110,182
Income from operations 441,483 48,680
Net income and comprehensive income 416,686 28,146
Net income per share
(basic and diluted) $ 0.01 $ -
Results from operations
Revenue decreased 1 per cent for the nine months ended June 30, 2014, from
the prior-year period, reflecting the sale of the Peartree Dealership product in
the first quarter. Net income increased 1,469 per cent to $441,483 from $48,680 for the
prior-year period, due to improved margins and the inclusion of a $107,000 gain
on sale of the Peartree Dealership product. See the 2014 third quarter report for details.
We seek Safe Harbor.
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