GSRX Industries Inc. Announces Earnings Results for the Third Quarter Ended September 30, 2018; Provides Earnings Guidance for the Fourth Quarter of 2018
October 31, 2018 at 07:20 am
GSRX Industries Inc. announced earnings results for the third quarter ended September 30, 2018. For the quarter, the company reported total revenues generated were $706,428, an increase of 100% from the quarter ended June 30, 2018. The net loss from operations attributable to the company decreased for the quarter ended September 30, 2018 to approximately $1,555,745 or $0.04 per share, compared to a loss of approximately $3,483,701 or $0.08 per share for the quarter ended June 30, 2018.
The company is anticipating 85% to 100% revenue growth in the fourth quarter of 2018, with average gross margin across all operations increasing as well.