Home 3d Printing Ynvisible Interactive Inc Forecasts Strong Fourth Quarter 2020

Ynvisible Interactive Inc Forecasts Strong Fourth Quarter 2020

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Ynvisible Interactive Inc is pleased to provide the following corporate update (all dollar amounts are expressed in Canadian dollars):

 

Ynvisible is forecasting the following financial results for the period of October 1, 2020, to December 31, 2020 (“Q4”) as compared to its most recently reported period of July 1, 2020, to September 30, 2020 (“Q3”) and the period from April 1, 2020, to June 30, 2020 (“Q2”):

  • The Company is forecasting Q4 sales of $142,374 and Q4 cost of sales of $85,184 compared to reported Q3 sales of $108,442 and Q3 cost of sales of $90,750, and Q2 sales of $77,264 and Q2 cost of sales of $33,093.
  • Operating expenses are expected to be $1,400,000 in Q4, compared to $1,125,119 in Q3, from $1,312,990 in Q2.
  • Adjusted for income from other sources, including prototype projects and EU co-funded project grants, is expected to be $472,159 for Q4, compared to $357,733 for Q3, compared to $300,791 reported in Q2.

 

 

 

Founded in 2000, ALMAX is owned by two experienced membrane switch and interface application ME & EE professionals from the United States. ALMAX specializes in prototyping through volume production, making it easy to get customers’ products to market. ALMAX owns two factories in China and one in the USA with highly trained engineers and assemblers in all locations. ALMAX is ISO 9001, ISO13485, & IATF 16949 certified.

 



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