Urbanimmersive Announces its 2021 Second Quarter Financial Results
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SAINT-HUBERT, QC, May 27, 2021 /PRNewswire/ - Urbanimmersive Inc. ( Urbanimmersive, the Company or UI ) (TSXV:UI) (OTCQB: UBMRF) today announced select financial results and presents business highlights for its the second quarter of 2021 ended March 31, 2021. The financial statements and related management s discussion and analysis ( MD&A ) can be viewed on SEDAR at https://www.sedar.com/.
HIGHLIGHTS
For its second quarter of 2021, the Company generated revenues of $982k, an increase of 10.2% compared to Q2-20;
During this quarter, the balance of the convertible debentures outstanding of a nominal value of $3.07m were converted into common shares, for a cumulative amount converted of $4.5m since the beginning of the fiscal year;