(via TheNewswire)
Company also Provides an Update on F&ESE TLS Solicitation
The following are highlights for Q1 2023 (all dollar figures are quoted in Canadian currency unless otherwise specified):
Gross Revenues:
$0 .98MMGross Margin: 67%
Net Income (loss): (0.82MM)
Decrease in Operating Expenses: 27%
(1) The improved margin (relative to recent periods) reflects generally higher margins on products manufactured in-house without the influence of lower-margined government contracts.
(2) As compared to previous year.
A copy of the condensed consolidated interim financial statements for the three months ended
The Company also provides additional insight into the Fire & Emergency Services Equipment (F&ESE) Tailored Logistics Support (TLS) program. The F&ESE TLS Program includes the total logistics support for the fire & emergency services requirements of the
"The F&ESE TLS Program is ingrained in Unifire's DNA and has paved the way for our success in the government contracting space," said
The Company responded to the solicitation SPE8EH-21-R-0001 issued on
About the F&ESE TLS Program
The F&ESE TLS Program is a multiple-award program with post-award competition of delivery orders, primarily focused on maintaining continuity of support for fire and emergency support personnel worldwide. Products and solutions typically sought through the program include fire & emergency services equipment as well as related supplies and incidental services, including but not limited to: hoses, hose fittings, nozzles, tools, fire extinguishers, extinguishing agents, poles, ladders, rescue devices, self-contained breathing apparatus (SCBA) and other respiratory protection, shovels, regulators, uniforms, station and training wear and equipment, structural, shipboard, and forestry turn out gear and other protective products (e.g. gloves, boots, helmets, hoods, goggles, and protective clothing used for environmental, industrial, HAZMAT, weapons of mass destruction, terrorism, and first response personal protection), first response search and rescue equipment and supplies, decontamination equipment, detection equipment, communication equipment and tools, suppression equipment, surveillance and alarm systems and system parts, propane and other fire and first responder training systems and other first responder equipment, emergency station vehicle exhaust and ventilation systems, breathing air compressors, emergency egress, exit and protective systems, pumps, generators, storage, containment, and racking systems.
About
Through its privileged access to a host of federal contracting vehicles, including Multiple Award Schedule ("MAS") contracts awarded and administered by the
For further information on
(Signed "Buck L. Marshall")
President, CEO and Director
T: +1 877.479.7778
Investor Relations Contact:
MRS-IR@MRSCorp.com
T: +1 877.479.7778 (Ext.5)
Neither
Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "anticipate", "believe", "plan", "expect", "intend", "estimate", "forecast", "project", "budget", "schedule", "may", "will", "could", "might", "should" or variations of such words or similar words or expressions. Forward-looking information is based on reasonable assumptions that have been made by
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