U-Vend, Inc. Announces Record 2015 Financial Results
Company Increases Revenue by Over 300%
(firmenpresse) - SANTA MONICA, CA -- (Marketwired) -- 05/03/16 -- (OTCQB: UVND) (the "Company"), a consumer products and technology company that develops, distributes, and markets next-generation self-serve electronic kiosks and merchandisers with a digital component across North America, today announced the financial results for the Company''s fiscal year ended December 31, 2015.
"While I am pleased that we were able to increase our 2015 year over year revenues by over 332%, I am equally pleased with our operational performance supporting the continued implementation of the robust business foundation needed to support the continued expansion of our business model," stated Raymond Meyers, CEO of U-Vend, Inc. "As we anticipate introducing and penetrating the market with our Frozen Pond™ Premium Ice Cream product, the Official Ice Cream of the NHL®, and secure sizable retail and wholesale distribution partners, we expect to continue to meet our internal goal of period over period revenue growth. The globally-recognized brand partnerships we have been able to establish, the creative consumer products we are developing; coupled with the geographical expansion of our retail self-serve kiosk and merchandiser locations, provide us with tremendous long-term opportunity," added Meyers.
Revenues for the twelve months ended December 31, 2015 increased 332% to $891,227 as compared to revenue of $268,804 for the twelve months ended December 31, 2014
Gross profits for the year ended December 31, 2015 increased 386% to $351,228 as compared to gross profit of $90,965 for the year ended December 31, 2014
Gross margin for the year ended December 31, 2015 increased to 39.8% as compared to gross margin of 33.8% for the year ended December 31, 2014
Net loss for the year ended December 31, 2015 increased 2.4% to $2,050,574 as compared to a net loss of $2,002,586 for the year ended December 31, 2014
Basic and diluted net loss per share of ($0.15) per common share for the twelve months ended December 31, 2015 compares to the ($0.23) net loss per common share for the twelve months ended December 31, 2014
A full analysis of results for the year ended December 31, 2015 is available in the Company''s Form 10-K, which is available on the Company''s website at or through the Securities and Exchange Commission''s Edgar database at .
U-Vend, Inc., headquartered in Santa Monica, CA., and with offices in Oakville Ontario, Canada, Orange, CA and Las Vegas, NV., is a consumer products and automated retailing company specializing in the creation, marketing and sales of unique ice cream and related food products which are distributed to the retail markets utilizing various "next-generation" self-serve electronic kiosks throughout North America. The Company owns and operates kiosks and has partnered with numerous national consumer product companies to deliver new and innovative customer retail experiences in automated "frictionless" settings. For more information on U-Vend, visit or call (855) 55-UVEND.
Follow U-Vend on and Like U-Vend on
Certain statements contained in this news release regarding matters that are not historical facts may be forward-looking statements. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, uncertainties pertaining to market acceptance for the Company''s products and services, its ability to succeed in increasing revenues in the near term to attain profitable operations and generate sufficient cash flow from operations, the effect of new competitors in its markets, its integration of acquired businesses, and other risk factors identified from time to time in its filings with the Securities and Exchange Commission, including the Company''s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and current reports on Form 8-K which are available at the SEC''s website . Other factors not currently anticipated may also materially and adversely affect U-Vend''s results of operations, financial position, and cash flows. There can be no assurance that future results will meet expectations. While the Company believes that the forward-looking statements in this news release are reasonable, the reader should not place undue reliance on any forward-looking statement. In addition, these statements speak only as of the date made. The Company does not undertake, and expressly disclaims any obligation to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
For more information, contact:
U-Vend, Inc. Corporate Office
Tel: (855) 55-UVEND
Email:
U-Vend, Inc. Investor Relations
Tel: (855) 55-UVEND, ext. 3
Email:
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 03.05.2016 - 08:00 Uhr
Sprache: Deutsch
News-ID 1432307
Anzahl Zeichen: 2218
contact information:
Contact person:
Town:
SANTA MONICA, CA
Phone:
Kategorie:
Packaging and Processing
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 306 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"U-Vend, Inc. Announces Record 2015 Financial Results
"
steht unter der journalistisch-redaktionellen Verantwortung von
U-Vend, Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
