Route1 Reports 2019 First Quarter Financial Results
Toronto, May 23, 2019– Route1 Inc. (OTCQB: ROIUF and TSXV: ROI) (the “Company” or “Route1”), North America’s most advanced provider of industrial-grade data intelligence, user authentication and ultra-secure mobile workforce solutions, today announced its first quarter (Q1) financial results for the period ended March 31, 2019.
Route1 used cash for operating activities of approximately $0.22 million during Q1 2019 compared with cash used in operating activities of $0.15 million in Q1 2018. Non-cash working capital of $0.50 million was used in Q1 2019 compared to $0.48 million of cash used in the same period a year earlier. Net cash used in the day–to-day operations for the three months ended March 31, 2019 was $0.72 million compared to cash used of $0.63 million in Q1 2018.
Investor Conference Call and Webcast
The Company will also hold a conference call and web cast to discuss the Company’s financial results and provide a business update on Monday, June 17, 2019 at 4 p.m. eastern
Participants should dial Toll-Free: 1-800-263-0877 or Toll/International: 1-646-828-8143at least 10 minutes prior to the conference, pass code 1954942. For those unable to attend the call, a replay will be available on Monday June 17, 2019 after 7:00 p.m. eastern at Toll-Free 1-844-512-2921 or Toll/International 1-412-317-6671, pass code 1954942 until 11:59 am on Monday July 1, 2019.
The webcast will be presented live at http://public.viavid.com/index.php?id=134761.
Route1, operating under the trade name GroupMobile, is North America’s most advanced provider of industrial-grade data intelligence, user authentication, and ultra-secure mobile workforce solutions. The Company helps all manner of organizations, from government and military to the private sector,to make intelligent use of devices and data for immediate process improvements while maintaining the highest level of cyber security. Route1 is listed on the OTCQB in the United States under the symbol ROIUF and in Canada on the TSX Venture Exchange under the symbol ROI. For more information, visit: www.route1.com.
For More Information, Contact:
Tony Busseri
Chief Executive Officer, Route1 Inc.
+1 416 814-2635
tony.busseri@groupmobile.com
This news release, required by applicable Canadian laws, does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
© 2019 Route1 Inc. All rights reserved. No part of this document may be reproduced, transmitted or otherwise used in whole or in part or by any means without prior written consent of Route1 Inc. See https://www.route1.com/terms-of-use/for notice of Route1’s intellectual property.
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