Healthcare Integrated Technologies, Inc. Reports Earnings Results for the First Quarter Ended October 31, 2020
December 11, 2020 at 12:29 pm
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Healthcare Integrated Technologies, Inc. announced earnings results for the first quarter ended October 31, 2020. For the first quarter, the company announced operating loss was USD 318,346 compared to USD 176,264 a year ago. Net loss was USD 326,843 compared to USD 186,909 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
Healthcare Integrated Technologies, Inc. is a healthcare technology company. The Company creates a diversified spectrum of healthcare technology solutions to integrate and automate the continuing care, home care and professional healthcare spaces. Its initial product, SafeSpace with Artificial Intelligence (AI) Vision, is an ambient fall detection solution designed for continuing care communities and at home use. SafeSpace includes hardware devices utilizing red, green and blue (RGB), radar and other sensor technology coupled with its internally developed software to monitor a person remotely. In continuing care communities, SafeSpace detects resident falls and generates alerts to a centralized, intelligent dashboard without the use of wearable devices or any action by the resident. In the home, SafeSpace detects falls and sends alerts directly to designated individuals. In addition to its product offerings, the Company also develops a home concierge healthcare service application.
HEALTHCARE INTEGRATED TECHNOLOGIES, INC. 
