Powered by

FY2018 Annual Report: NanoTech Security Revenue up 25.3% Corporate Wire Date: 31 December 2018 22:34 EST

Jan 01, 2019 - News Bites Canadian Markets

CANADIAN RESULTS

NanoTech Security (TSXV:NTS) reported total revenue for the year-ended 30 September 2018 of CAD9.2m ($US7.1m), up 25% from CAD7.3m ($US5.9m) in the previous year.

Major changes compared with previous year:

Favourable Changes:

- Fixed Assets to Total Assets up from 53% to 56%

- Total non-current assets to Total Assets up from 57% to 61%

- Current ratio up 29% from 7.2 to 9.3

- Sales and marketing expenses to Sales down from 28% to 22%

- Administration expenses to Sales down from 31% to ...