MoneyMax101 | iCreate Reports Profit.. But Liabilities Now More Than Assets (Debt Jumps 5x)

iCreate Ltd (ICREATE) recently reported their March 2020 (Q1) results. Here are the highlights.

This is just a summary, but for more charts, ratios and other details visit ICREATE’s page here

This Quarter (2020Q1) vs Same Quarter Last Year

Revenue was $24.51m vs $11.89m (106.06%)
Massive jump in Revenues, and a major accomplishment. Best quarterly revenue figure, and this also exceeds more than half of total 2019 revenue (see Revenue Trend Chart). This they have attributed mainly to a change in strategy among other things
Cost Of Sales / Direct Expenses was $-5.18m vs $-3.27m (58.56%)
Gross Profit totaled $19.32m vs $8.62m (124.07%)
They are also reporting a jump in gross margins from 72.5% to 79%

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First profitable quarter ???? #icreate

@Stephen / Fri May 15, 2020 10:02 am
Another #ICREATE partnership. They have good relationships enuh. Just to see the growth now

@Stephen / Thu May 07, 2020 07:37 pm
Did anyone get to catch any of the discussions on this episode? Re #Dividends, and #ICREATE?

@Stephen / Tue Apr 28, 2020 07:44 am
#ICREATE, #LASM down more than 10% in early trading #KEY trades above $5 #SCIJMD below $17 Top Dividend/Bank…

@MoneyMax101 / Mon Apr 27, 2020 10:11 am
The great #ICREATE makeover, or should I say meltdown. ?? I can’t imagine how this played out. The…

@Stephen / Fri Apr 24, 2020 05:25 pm