Monday, September 15, 2025

Latest

Kontrol Tech Generates $3.3 Million In Revenues, $0.8 Million Net Loss In Q1

Kontrol Technologies Corp. (NEO: KNR) released its financial results for the first quarter of 2021 last night, with revenues of $3.3 million reported, representing an increase of 20% over Q1 of the year prior.

Gross profit for the quarter reportedly came in at $1.8 million, compared to $1.7 million in the year-ago period. The company reported an unaudited net loss of $823,733 in the quarter, a decline from the $675,169 net loss recorded in the comparable period.

Kontrol posted an adjusted EBITDA figure of $1.1 million in the first quarter of 2021, an increase from $241,343 recorded over the same quarter in the prior year. The company attributed many of the shortcomings to restrictions put in place by the pandemic, as well as seasonal circumstances, including $500,000 in projects that were delayed due to on-site restrictions, which are now forecasted to occur in the second half of the year. Revenues were also impacted by the current global semiconductor shortage, which has lead to scarce components and long lead times.

Kontrol recorded cash flows from operating activities of $592,153 for the first quarter of 2021, representing an increase of $610,964 over Q1 in the year prior. The company generated proceeds of $710,607 from options and warrants exercised during Q1 of 2021, while conversions of convertible debentures to common shares were recorded at a total of $631,000 during the quarter.

Kontrol Technologies Corp. last traded on the NEO at $1.45.


Information for this briefing was found via Sedar and Kontrol Energy Systems. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Kontrol Tech Closes $8.5 Million Financing With US-Based Investors

Kontrol Technologies (NEO: KNR) this morning indicated that it has closed its previously announced private...

Wednesday, June 2, 2021, 08:17:33 AM

Is Kontrol Technologies Back In The Game?

Kontrol Technologies Corp. (NEO: KNR) released two major pieces of news this week that point...

Thursday, March 10, 2022, 05:41:00 PM

Kontrol Technologies Launches Share Buyback Program

Kontrol Technologies (CSE: KNR) last night announced that it intends to conduct a normal course...

Thursday, March 25, 2021, 08:04:02 AM

Kontrol Technologies Guides To $33 – 35 Million In Revenues For 2021

Kontrol Technologies (CSE: KNR) this morning released a corporate update of sorts for investors. Included...

Wednesday, April 7, 2021, 08:14:17 AM

Kontrol Technologies Posts Q1 Revenues Of $26.6 Million

Kontrol Technologies (NEO: KNR) has seen a slight revenue decline on a quarter over quarter...

Monday, May 16, 2022, 08:54:03 AM