Mr. Joel Chin reports

GINSMS ANNOUNCES FINANCIAL RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2023

GINSMS Inc. has released its financial results for the third quarter ended Sept. 30, 2023.

The complete financial results for GINSMS are available at SEDAR+. Highlights include:

• Revenue of $772,312 for the three-month period ended Sept. 30, 2023, as compared with $789,371 for the three-month period ended Sept. 30, 2022;
• Gross profit of $318,278 for the three-month period ended Sept. 30, 2023, as compared with gross profit of $309,309 for the three-month period ended Sept. 30, 2022;
• Operating expenses and finance costs of $330,304 for the three-month period ended Sept. 30, 2023, decreased from $359,944 for the three-month period ended Sept. 30, 2022;
• Net loss of $22,822 for three-month period ended Sept. 30, 2023, as compared with a net loss of $72,257 for three-month period ended Sept. 30, 2022.

About GINSMS Inc.

GINSMS is a mobile technology and service company focusing on two areas, namely its A2P messaging service and its software products and services. GINSMS operates a cloud-based A2P messaging service that allows the termination of SMS to mobile subscribers of more than 200 mobile operators globally. GINSMS also develops and distribute innovative software products and services for mobile operators and enterprises, and has deployed more than 100 solutions worldwide. GINSMS has offices in China, Singapore, Hong Kong, Malaysia and Indonesia.

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