Uniserve reports results for fiscal year ended May 31, 2020 TSX Venture Exchange:USS


VANCOUVER, British Columbia, Sept. 24, 2020 (GLOBE NEWSWIRE) — Uniserve Communications Corporation (“Uniserve”) a provider of IT solutions and services to business and residential customers in Canada wishes to announce its annual fiscal 2020 financial results.   Revenues for fiscal 2020 were $12,359K as compared to $12,251K for the prior fiscal year, an increase of 1%. The annual fiscal 2020 Operating loss was $1,632K compared to an operating loss of $2,507K for the prior fiscal year. Net loss for fiscal 2020 was $3,496K as compared to $3,009K for the prior fiscal year. Included in the current year Net Loss were impairment charges totaling $1,772K. During the year Uniserve focused on reducing operational costs and improving processes across the organization.

Uniserve Communications Corporation   
Consolidated Statements of Comprehensive Loss   
(Expressed in Canadian dollars)   
  Year ended May 31,
   2020  2019 
Revenue  $12,358,516  $12,251,466 

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