Carl Data Solutions releases Q3


VANCOUVER, BC, May 31, 2021 / CNW / - Carl Data Solutions Inc. (CSE: CRL) (FSE: 7C5) (OTC: CDTAF) ("Carl Data Solutions" or the "Company"), a leading provider of monitoring, reporting and data modeling applications for municipalities and industrial infrastructure customers today released their quarter end financial results and operational highlights March 31, 2021.

The company serves municipal infrastructure customers including the City of Los Angeles, the City of Toronto and industrial infrastructure customers such as Teck Resources Ltd. The company also sells its solutions through integration partners such as AECOM and Kerr Wood Leidal Associates Ltd. These partners and customers rely on Carl Data Solutions to collect, clean, organize, store and analyze time series data in mission critical applications such as Environmental Monitoring as a Service ("EMaaS") for water treatment and air quality. Mastering time series data not only avoids costly downtime in large infrastructure operations, but customers can also use predictive and prescriptive analysis of processes or forecast events to optimize results and minimize risks.

Financial highlights for the third quarter ended March 31, 2021

  • On February 12th Carl Data Solutions announced an oversubscribed private placement (the "Private Placement") by $ 5,601,288, a $ 2,000,000 Credit line and $ 250,000 in convertible bonds.
  • As a result of the private placement, the company's cash position increased 1,100% quarter over quarter in the third quarter $ 3,532,293without using the credit line.
  • Corporate debt of $ 1,163,000 was eliminated by settling with private placement units at the price of $ 0.15 everyone.
  • The company has a $ 1,775,000 Loss, which relates to the price difference for paying that corporate debt. At the end of the private placement on February 11, 2021, Common Shares in the Company's capital (each a "Share") closed on $ 0.38 per share on the Canadian Stock Exchange.
  • The company then posted a major loss in the third quarter of $ 2,857,200.
  • The company achieved quarterly sales of 603,676 USD10.4% less than in the previous quarter and 4.4% less than in the same quarter of the previous year.

Operational highlights for the quarter

  • On January 12th, Announced Carl Data Solutions Jean Charles Phaneuf as the new Chief Executive Officer. In connection with Phaneuf's appointment Greg JohnstonThe company's former CEO, the current president and director, has been appointed chairman.
  • On 3 MarchThe company announced that it has partnered with AGORACOM, a leading market platform that connects investors with public companies.
  • On 4th of MarchPhaneuf welcomed business development, product development, marketing and communications executives to strengthen the existing and outstanding corporate team at Carl Data Solutions.
  • On March 23Carl Data Solutions announced a preferred supplier partnership with Smart IoT Technologies Inc. Smart IoT Technologies produces high-quality, customer-specific sensors for infrastructure-related Big Data as a Service acquisition applications (BDaaS).

Management comment

CEO of Carl Data Solutions Jean Charles Phaneuf "Carl Data Solutions is the hub of what Deloitte Global calls the Big Four of Industry 4.0 technologies: Internet of Things, Artificial Intelligence, Big Data / Analytics and Cloud Infrastructure. Our FlowWorks application has proven itself in mission-critical municipal and industrial areas proven infrastructure operation over North America. The financial and human capital is now in place to scale our technology, enter new markets, and generate revenue for the next 12 months. I would like to thank our investors and our entire corporate team for their confidence in our ability to take advantage of this excellent opportunity. "

About Carl Data Solutions Inc.

Carl Data Solutions Inc. is an Industrial Internet of Things (IIoT) and Big Data as a Service (BDaaS) company that is a leader in customer monitoring, reporting and data modeling for municipal and industrial infrastructure. The company offers next generation capture, storage and analytics solutions for data-driven businesses. Through its subsidiaries FlowWorks Inc. and Astra Smart Systems Corp. Carl Data Solutions assists customers in analyzing and modeling environmental data through a robust end-to-end network of custom sensor arrays combined with SaaS-based monitoring, reporting and predictive modeling applications. Carl Data Solutions works with cloud-based mass storage services and artificial intelligence (AI) analytics tools for machine learning (ML) to provide the scalability needed to effectively monitor large amounts of data collected from its customers. The company's solutions save customers time and money by aggregating information from any sensor or source to create a data-driven, real-time decision support system that provides deep insights into protecting critical infrastructure and resources. More information is available at www.CarlSolutions.com.

The Canadian Stock Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved the contents of this press release.

This press release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are often identified by words such as "plan," "expect," "project," "intend," "believe," "anticipate," "estimate" and other similar words or statements that may relate to specific events or conditions "or" will "occur. Forward-looking information is based on certain material expectations and assumptions made by Carl Data Solutions management, including expectations of higher growth in the future. While the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should be placed on the forward-looking information as the company has no assurance that it will prove to be correct. All forward-looking statements contained in this press release speak as of the date of this press release. The company disclaims any intention or obligation to publicly update any forward-looking information, whether as a result of new information, future events or results, or otherwise than required by applicable securities laws.

SOURCE Carl Data Solutions Inc.

rt.gif?NewsItemId=C1488&Transmission_Id=202105312318CANADANWCANADAPR_C1488&DateId=20210531

For more information: Nathan Rudyk, Director, Corporate Communications, , +1 778 200 2093, Carl Data Solutions Inc.

similar links

https://www.carlsolutions.com/

https://dailytechnonewsllc.com/carl-data-solutions-releases-q3/

Comments

Post a Comment

Popular posts from this blog

Open call: ACC Residency 2023 - Announcements

Asia Culture Center (ACC) is seeking participants for ACC Residency 2023. ACC has been organizing international residency programs not just as a form of artistic support policy, but a superlative creation/production program to produce novel and diverse content with creative talents from all over the world. As a forum for experimentation and exchange it envisions alternative futures based on a spirit of artistic engagement with reality. This year, the residency will be held in collaboration with ACC Sound Art Lab under the theme “Futures of Listening” which is also a long-term project led by ACC Sound Art Lab. As part of the collaboration, the two programs will be jointly organizing creative support programs for participants including talks and workshops by four world-renowned soundscape experts. Based on these, residency participants are to develop and present concepts for individual projects exploring the theme. This will be followed by the actual production and realization of t...
Read more

Radian's Pyramid Platform automates every step of the real estate process

Image
As the real estate industry prepares for the end of the forbearance moratoria, real estate experts anticipate an increase in foreclosures and REO activity. In preparation for this influx, asset managers, servicers and investors need to make sure they have the tools and technology to successfully navigate this unpredictable time. Pyramid Platform, Radian's award-winning asset management technology, can help users quickly adapt to fluctuations in the REO environment. Pyramid Platform automates and organizes every step of the REO asset management process through a secure web-based portal. Pyramid Platform users can customize their REO administration workflow to trigger tasks based on their individual needs. This helps users implement and manage investment strategies, from listing to liquidation. In addition, the Pyramid Platform offers users a variety of other workflows, including replacement deeds, short sales, acquisitions, rental management, and more. "After an un...
Read more

2021 Tradovate Review • Pros, Cons + More • Benzinga

Image
With such a wide range of options available, choosing a futures trading platform can be tricky. Tradovate is an innovative futures broker offering proprietary desktop and mobile trading platforms. Our Tradovate review will help you learn more about the pros and cons of opening an account. Tradovate is a specialized broker that provides users with access to the futures trading market. Unlike some brokers who require traders to fund the purchase of their own trading platform, Tradovate offers its own proprietary platform - and it's surprisingly comprehensive and powerful. Some of our favorite features on the Tradovate platform are the following: Depth of Market (DOM): If you have a trading strategy that relies on quickly executed, frequent trades, you will appreciate Tradovate's DOM feature, which allows you to quickly analyze price information, manage your positions and place orders at increased speed. Cross-platform charting: Not only can you use the Tradovate ...
Read more