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sculpin

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Financial Statement highlights

posted on Apr 21, 2011 08:24PM

just released for quarter ending Dec 31;

SONOMAX REPORTS 2010 RESULTS

MONTREAL, April 21 /CNW Telbec/ - Sonomax Technologies Inc. ("Sonomax" or the "Company") (TSXV: SHH) today disclosed its results for the year ended December 31, 2010.

As Sonomax moves closer to meeting its objective of becoming an R&D licensing company, 2010 highlights were:

Raised gross proceeds of $2,034,483 by way of exercising of warrants by holders thereof.
Reduced outstanding convertible debt to $706,200 from $1,177,000.
Plan of arrangement on March 3, 2010 resulted in a net inflow of cash (before transaction costs) of $1,566,000.
Decrease in net revenue to $642,766 in 2010 from $736,374 in 2009.
Gross profit was $43,316 in 2010 compared to a loss of $181,174 in 2009.
Increase in operating expenses to $4,192,743 compared to $3,255,273 in 2009.