AGM and Live Event with Q&A to be held on
December 1, 2021
VANCOUVER, BC, Nov. 30, 2021
/CNW/ - Mission Ready Solutions Inc ("Mission Ready" or
the "Company") (TSXV: MRS) (OTCQX: MSNVF), a provider of
comprehensive government contracting solutions, recently released
its third quarter 2021 ("Q3 2021") financial results for the
three and nine months ended September 30,
2021.
The following are highlights of the nine months ended
September 30, 2021 (all dollar
figures are quoted in Canadian dollars unless otherwise noted)
- Gross revenues of $84.74
million (an increase of $22.30 million from the same period in 2020)
- Gross margin of 8.91% for the period
- Operating expenses relative to total revenue decreased to
8% (as compared to 14% from the same period in 2020)
- Net income of $1.54
million (an increase of $4.03 million from a net loss in the same period
in 2020)
- Adjusted EBITDA was $5.27
million (an increase of $4.39 million from the same period in 2020)
- $7.23 million working capital
improvement from year-end
- Cash and cash equivalents of $4.35
million (an increase of $2.72 million from year-end)
- 39% decrease in liabilities from year-end
A copy of the unaudited condensed consolidated interim financial
statements for the nine months ended September 30, 2021, and the associated
Management's Discussion and Analysis ("MD&A") are available on
SEDAR.com under the Company's profile.
As a reminder, Mission Ready's annual general meeting of
shareholders (the "AGM" or the "Meeting") will be
held virtually via teleconference on Wednesday, December 1, 2021, at 11:00 A.M. PST (2:00 P.M.
EST).
Registered shareholders and validly appointed proxyholders may
attend the Meeting (conference room #: 448-444-850) by
calling:
- 1 888.299.2873 (Canada toll-free)
- 1 888.585.9008 (US toll-free)
- To dial in from any other country, please contact the Company
at 604.737.2303 before the Meeting date for dial-in
particulars.
Registered shareholders who attend the virtual Meeting will have
an equal opportunity to participate at the AGM, regardless of their
geographic location.
The AGM will be followed at 11:30 A.M PST (2:30 P.M. EST) by a presentation from President
and CEO Buck Marshall, including a
live Q&A period where management from Mission Ready will be
available to answer questions. Questions can also be submitted
prior to the event at MRS-IR@MRSCorp.com.
To register for the event, please visit:
https://us06web.zoom.us/webinar/register/6116372668438/WN_o2cbBU_FRy-OiHgs-FvJUQ
About Mission Ready Solutions Inc.
Mission Ready Solutions provides comprehensive government
contracting solutions with extensive experience in delivering
quality, reliable, mission-critical products and services for law
enforcement, firefighters, first responders, military, and other
governmental agencies.
Through its privileged access to a host of federal contracting
vehicles, including Multiple Award Schedule ("MAS") contracts
awarded and administered by the United States General Services
Administration ("GSA"), Mission Ready's wholly-owned subsidiary,
Unifire, Inc., leverages its robust vendor network, time-proven
industry relationships, proprietary technology infrastructure, and
industry-leading manufacturing and distribution capabilities to
efficiently source and deliver more than 1.5 million products.
For further information on Mission Ready Solutions Inc., please
visit MRSCorp.com or contact investor relations by email at
MRS-IR@MRSCorp.com or by telephone at +1 877.479.7778 (Ext.
5). You can also subscribe to our mailing list at
eepurl.com/hznhX9 to receive our press releases and latest
news directly by email.
Mission Ready Solutions Inc.
(Signed "Buck L. Marshall")
Buck L. Marshall
President, CEO and Director
T: +1 877.479.7778
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Mission Ready Solutions Inc.