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Enter Symbol
or Name
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Glenbriar Technologies Inc
Symbol GTI
Shares Issued 43,144,909
Close 2014-07-16 C$ 0.05
Market Cap C$ 2,157,245
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Glenbriar Technologies earns $416,686 in nine months

2014-07-22 13:01 ET - News Release

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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