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Inscape Corporation Will Host a Teleconference Call to Review the Fourth Quarter and Full Year 2021 Financial Results leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.
Print Inscape recently received $610,000 through the Canadian Emergency Subsidy program and $1.4 million through the SBA s Paycheck Protection Program. HOLLAND LANDING, Ontario – Inscape, a manufacturer of workspace furniture, storage and wall systems, reported that it received $610,000 in grant money under the Canadian Emergency Subsidy program during its third quarter ended January 31. In total, Inscape said it has received more than $1.7 million in relief funding from the Canadian government since the start of the COVID-19 pandemic. In addition, Inscape, which operates a wall system manufacturing plant in Falconer, N.Y., received $1.4 million after the close of its third quarter under the Paycheck Protection Program administered by the U.S. Small Business Administration. The company also noted in its quarterly financial release that the $1.3 million in PPP funding it received on April 17, 2020, through was forgiven on Feb. 20. ....
Inscape Announces Third Quarter Fiscal 2021 Financial Results March 04, 2021 18:39 ET | Source: Inscape Corporation Inscape Corporation Holland Landing, Ontario, CANADA HOLLAND LANDING, Ontario, March 04, 2021 (GLOBE NEWSWIRE) Inscape (TSX: INQ), a leading designer and manufacturer of furnishings for the workplace, today announced its results of operations for the three and nine months ended January 31, 2021. “Third Quarter Fiscal Year 2021 represented our highest quarterly revenue to date in this fiscal year while in the midst of the COVID-19 pandemic,” said Eric Ehgoetz, CEO. “Management worked tirelessly during the quarter to position the business with an appropriate foundation for growth and profitability once the economy moves to a post-pandemic environment. Despite reporting a nine month year to date net loss of $1.4 million, we would note that, this includes $1.4 million of inventory ....
Inscape Corporation Will Host a Teleconference Call to Review the Third Quarter Fiscal 2021 Financial Results. globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.
Comments Inscape is looking to capitalize on the work-from-home trend, including selling its RockIt@Home desk products directly to the consumer marketplace. HOLLAND LANDING, Ontario Inscape, a manufacturer of workplace furniture, posted a $3.7 million loss in the second quarter of fiscal 2021, as sales dropped more than 200 percent during the COVID-19 pandemic to $7.2 million compared to $23.3 million for its second quarter in 2020. Inscape’s sales for the six months ended Oct. 31, 2019, totaled $18.5 million, compared to $44.0 million for the same period of fiscal 2020. In spite of the huge sales dip, the company’s net loss for the half=way point of each fiscal was $400,000, partly due to a $2.8 million forgivable loan from the government to assist businesses during the coronavirus outbreak. ....