January net income up 29%
TORONTO–(BUSINESS WIRE)–Personas Social Incorporated (TSX.V:PRSN) (the “Society” Where “personas”) is pleased to provide a company update on January 2022 net sales income versus January 2021 sales and net income on the Peeks platform, which is one of the leading platforms -revenue-generating forms that Personas offer in the social media and communications markets.
Net profit and sales
The company is proud to announce that its net income for the period beginning January 1st 2022 and ending January 31, 2022 was $254,809 compared to $229,858 for the same period in 2021, representing a 29% increase over the same period for 2021. Sales increased approximately 11% for the same period. The disproportionate increase in net revenue is due to the Corporation collecting royalties on certain broadcast categories that were previously free to users.
The Company will publish its January 2022 expenses in the coming days.
Disclaimer regarding the operational measures presented
The numbers and amounts shown here are unaudited historical operational measures. The operational measures disclosed are generated from internal reports and are not intended to comply with International Financial Reporting Standards (“IFRS”). The disclosure in this press release is intended to provide an overview of the Company’s sales trends. The internal operating measures disclosed herein are used by management as a tool to assess the Company’s overall sales performance and should not be relied upon as financial information or otherwise interpreted to replace or supersede the audited financial statements of the Company. company.
For the purposes of this press release, Canadian dollar amounts have been calculated at the annual average exchange rate for the year 2020, which is used herein as C$1.28 = US$1.00. “Gross Sales” means the total sales processed by the Company during a given period, “Net Sales” means gross sales less Payment Processing Fees, and “Net Revenue” means the net fees collected by the Company for the use of its platform by streamers and viewers. Actual audited Gross Sales, Net Sales and Net Income figures will vary from the figures shown here due to, but not limited to, fluctuations in exchange rates at the time of transactions and at the time of settlement of funds to the Company. and variations in payment processing fees.
This press release contains statements that may constitute “forward-looking” statements, generally containing the words “believe”, “estimate”, “project”, “expect”, “plan”, “intend”, “anticipate”, “projects”, “potential” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Forward-looking statements are statements that are not historical facts. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are the risks detailed from time to time in the Company’s filings with securities regulators. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date of this press release and the Company will publicly update or revise any forward-looking statements included as expressly required by Canadian securities law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.