23:29:09 EDT Tue 14 May 2024
Enter Symbol
or Name
USA
CA



Bnsellit Technology Inc
Symbol BNSL
Shares Issued 59,491,835
Close 2023-05-26 C$ 0.065
Market Cap C$ 3,866,969
Recent Sedar Documents

Bnsellit Technology's March 31 revenue at $27,411

2023-05-30 15:46 ET - News Release

Mr. Tony Comparelli reports

BNSELLIT TECHNOLOGY INC. ANNOUNCES FIRST QUARTER FINANCIAL RESULTS WITH SIGNIFICANT REVENUE GROWTH

Bnsellit Technology Inc. has provided its first quarter financial results for the period ended March 31, 2023.

Financial highlights:

  • Revenue increased to $27,411 for the first quarter of 2023 from $854 in the first quarter of 2022.
  • Monthly revenue increasing from $6,425 in January, 2023, to $6,535 in February, 2023, to $14,451 in March, 2023.
  • Revenue consists of $24,739 in monthly hotel subscriptions and $2,672 in commission revenue from guest experiences.

Subsequent events -- equity financings and debt settlements:

  • April, 2023, financing of $281,372 in six-cent units (including a 10-cent half warrant);
  • April, 2023, debt settlement of $388,000 in convertible debentures and $91,324 in payables in six-cent units.

Tony Comparelli, chief executive officer and director, commented: "I am delighted by the advancements made in the MetaGuest.AI program. Anticipating a surge in monthly subscription growth and revenue, we are eagerly looking forward to an increasing number of hotels and their business partners joining our platform in the upcoming months."

A comprehensive discussion of the corporation's financial position and results of operations is provided in the financial statements and management discussion and analysis for the three-month period ending March 31, 2023, filed on SEDAR.

About Bnsellit Technology Inc.

Bnsellit Technology is a cutting-edge technology company that develops advanced artificial intelligence platforms for the hospitality industry designed to enhance the guest experience. Bnsellit's flagship products, Bnsellit and Metaguest.AI, are comprehensive solutions that addresses all aspects of the guest journey, from prearrival to postdeparture. Features include on-property e-commerce with electronic payments, real-time in-room service management, mobile checkout, personalized in-room controls, local experience/event bookings, virtual personal concierge and more. Guests engage in over 16 languages, on any connected device, and without the need to download an app or visit a website. By leveraging the platforms, hotels, resorts and short-term rental property owners can improve their operational efficiency, personalize the guest experience, increase revenue and overall customer satisfaction.

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