01:09 PM EST - ParcelPal Technology Inc. : Announced the results of 2018. ParcelPal technology has provided the audited financial statements for the first year ended December 31st 2018. The total audited gross revenue for the fiscal year 2018 is $3,369,630. Total gross revenue up 825% in fiscal 2018 versus the year ended December 31st, 2017. Total cash on hand is $2,080,000 with 605,342 in accounts receivables. Gross profits of $802,035, representing a gross profit margin of 24%. President and CEO Kelly Abbott, states, "I am extremely pleased with the progress of our operations and our financial position ending in 2018. We will continue to push the business in our current market and strive to engage new markets within the year. Our core operations are stable and contributing to our overall strategic initiatives. We remain well capitalized and well positioned to achieve our goals of expansion and addition of new delivery verticals for the next 12 months." ParcelPal Technology Inc.
shares PKG:CNX are trading off 2 cents at $0.25.
