Mr. Mark Silver reports
EDDY SMART HOME SOLUTIONS LTD. ANNOUNCES FILING OF Q1 2023 AND Q2
2023 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND
RELATED MATERIALS
Eddy Smart Home Solutions Ltd. has filed on SEDAR+ its interim
condensed consolidated financial statements for the period ended March 31, 2023, and June 30, 2023, the related management's
discussion and analysis relating to the Q1 financials and Q2 financials, and the related
officer certifications of the company relating to the Q1 financials and Q2 financials.
The company also announces that, with the filing of the financial materials, it has
contacted its principal regulator, the Ontario Securities Commission, to have the cease
trade order of July 7, 2023, lifted, which ceased trading in the securities of the company.
Revenue
Revenue for the three months ended March 31, 2023, increased by $523,943 to $942,364
as compared with $418,421 reported for March 31, 2022.
Revenue for the three months ended June 30, 2023, decreased by $5,551 to $540,260
as compared with $545,811 reported for the three months ended June 30, 2022.
Revenue for the six months ended June 30, 2023, increased by $518,392 to $1,482,624
as compared with $964,232 reported for the comparable six months ended June 30, 2022.
Net loss
Net loss for the three months ended March 31, 2023, was ($2,052,292), as compared with
($3,454,299) reported for the three months ended March 31, 2022.
Net loss for the three months ended June 30, 2023, was ($2,129,532), as compared with
($2,597,474) reported for the three months ended June 30, 2022.
Net loss for the six months ended June 30, 2023, was ($4,181,826), as compared with ($6,051,771) reported for the six months ended June 30, 2022.
Basic and diluted loss per share
Basic and diluted loss per share for the three months ended March 31, 2023, was (three cents),
as compared with (six cents) reported for the three months ended March 31, 2023.
Basic and diluted loss per share for the three months ended June 30, 2023, was (three cents),
as compared with (three cents) reported for the three months ended June 30, 2022.
Basic and diluted loss per share for the six months ended June 30, 2023, was (five cents), as
compared with (nine cents) reported for the six months ended June 30, 2022.
About Eddy Smart Home Solutions Ltd.
Eddy is a North American provider and developer of residential and commercial smart
water metering products and monitoring services, helping property owners protect,
control and conserve water usage by combining water sensing devices with behavioural
learning software.
We seek Safe Harbor.
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