Arlington, VA, USA, May 30, 2022 (GLOBE NEWSWIRE) Edge Total Intelligence Inc. (TSXV: CTRL/ FSE:Q5i) (“edgeTI”, “we”, “our” or the “Company”), a leader in real-time digital operations, announces operating and consolidated results for the first quarter 2022. Financial information is expressed in United States (US) dollars unless otherwise indicated. The Company’s related financials and management discussion and analysis for the first quarter, 2022 are posted on its profile on SEDAR (www.sedar.com).
Assets, Cash Flows, & Non IFRS Measures
Commenting on the Company’s outlook, Jim Barrett, Chief Executive Officer, said: “Ongoing global challenges create a dynamic business environment that is disrupting established global supply lines and processes with broad reaching consequences according to industry leaders of prospects and customers as well as industry analysts. We intend to make our solutions even more relevant to these evolving challenges as our software helps leaders see issues and opportunities in real-time that uncover new opportunities while accelerating others. As leaders search for insights and early warnings with the ability to empower action, these new requirements are driving new sales and better yet, positive customer results. As such, we remain focused on our growth strategy by: 1) adding strategic partnerships to unite expertise with our capabilities; 2) increasing awareness across our industry and investors through market analysts and marketing activities; 3) continuing to make our product easy to use in order to promote adoption and accelerate achievement of customer value; and 4) being mindful of customer challenges and their needs to solve them with our software.”
edgeTI helps customers achieve the impossible with its real-time digital operations software, edgeCore™. Global enterprises, service providers, and governments are more profitable when insight and action are united to deliver fluid experiences via the platform’s low-code development capability. With edgeTI, customers improve their margins and agility by rapidly transforming siloed systems and data across evolving situations in business, technology, and cross-domain operations. Traded on: TSXV: CTRL FSE: Q5i
Learn more at https://edgeti.com.
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Certain statements in this news release are forward-looking statements or information for the purposes of applicable Canadian and US securities law, including statements regarding customer impacts of product development, the execution of the Company’s growth and marketing strategies, the Company’s expectations for its 2022 MRR and ARR, the Company’s ability to enter into strategic partnerships and continue to develop easy to use products, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions.
Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, competition and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.