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02/03/2021 10:00 AM EST
This week brought with it some welcome news sort of, with caveats on the vaccine front. But the rise of vaccine nationalism and the threat of export controls raises the question: Did it have to be like this?
iCreate CEO Tyrone Wilson.
It’s been a rocky ride for listed training institute iCreate. On top of carrying sizeable accumulated losses that have grown over the past two years, the company has seen a dramatic revenue slide from $24.5 million in its first quarter this year to just shy of $8 million for its third quarter to September, although it managed to eclipse nine months income for last year by $6 million. The 2020 third quarter fall-off from the more than $16 million the company turned over in the corresponding three months last year, is in the region of 52 per cent. Even as a $7 million non-cash revaluation moderated a nine-month net loss of $2.2 million, the four-year-old company registered a third quarter loss of $5.3 million after posting conservative profits of $1.2 million and $1.8 million in the first and second quarters of the year, respectively.