VANCOUVER, British Columbia, Nov. 28, 2016 (GLOBE NEWSWIRE) -- Tinkerine Studios Ltd. (“Tinkerine” or the “Company”) (TSX-V:TTD) (FSE:WB6B) (OTC:TKSTF) is pleased to announce the financial results for the fiscal period ending September 30, 2016. The Corporation's interim financial statements and management's discussion and analysis ("MD&A") for the three months ended September 30, 2016 are available on SEDAR at www.sedar.com and on the Company website at: www.tinkerine.com.
Highlights Q3 2016
Financial Highlights
Q3 2016 | Q3 2015 | |||||
Revenue | $ | 826,960 | $ | 465,780 | ||
Cost of Goods Sold | $ | 314,659 | $ | 207,554 | ||
Gross Profit | $ | 512,301 | $ | 258,226 | ||
Expenses | $ | 268,547 | $ | 396,815 | ||
Net Income (Loss) | $ | 243,755 | $ | (138,589 | ) |
Tinkerine continues to introduce its portfolio of 3D printing products and services to educational institutions in Canada, the United States and international locations. With increased emphasis on the development of the Tinkerine U platform, the Company is well positioned to implement new curriculums for elementary, high school and post-secondary learning institutions.
ABOUT TINKERINE STUDIOS LTD.
Tinkerine Studios designs and manufactures user-friendly award winning 3D printers and software, with a focus on STEAM based educational content and online training tools. Tinkerine also manufactures its own line of high purity filament for 3D printers.
Tinkerine and Ditto are registered trademarks of Tinkerine Studios Ltd., all rights reserved.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CONTACT: For further information please contact: Dean Stuart, Investor Relations T: 403 617 7609 E: [email protected]