Saturday, July 12, 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

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

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 Hits $4.2 Million In Revenue, First Positive Net Income In Q2 2021

Kontrol Technologies Corp. (NEO: KNR) released on Monday its financial statements for the quarter ending...

Tuesday, August 17, 2021, 08:56:00 AM

Kontrol Enters NDA With Global HVAC Firm For BioCloud Arrangement

Kontrol Technologies (CSE: KNR) this morning announced that it has enhanced its Canadian supply chain,...

Thursday, April 29, 2021, 08:58:07 AM

Kontrol Tech To Move Listing To The Neo

Kontrol Technologies (CSE: KNR) last night announced that it has received approval to uplist to...

Wednesday, May 5, 2021, 07:06:56 AM

Kontrol Technologies Adds Danby Appliances To BioCloud Manufacturing Team

Kontrol Technologies (CSE: KNR) this morning announced that it has expanded its manufacturing team for...

Monday, April 19, 2021, 08:13:39 AM