Tinkerine Reports Q3 2015 Financial Results

VANCOUVER, Oct. 29, 2015 /CNW/ - Tinkerine™ Studios Ltd. (TSXV: TTD, FSE: WKN WB6B and OTC: TKSTF) ("Tinkerine" or the "Company") is pleased to announce its financial highlights for the three and nine months ended September 30, 2015. The Company's unaudited interim financial statements and management discussion and analysis ("MD&A") for the three and nine months ended September 30, 2015 are available on SEDAR at www.sedar.com and on the Company's website at www.tinkerine.com.


  • Q3 2015 revenue of $465,780, a 370% increase from Q3 2014 revenue of $98,898.
  • Revenue of $919,308 for the nine months ended Sept. 30, 2015, a 284% increase over $239,157 for the comparative 2014 period.
  • Q3 2015 gross profit of $258,226, a 650% increase from Q3 2014 gross profit of $34,423.
  • Q3 2015 gross profit margin of 55% versus a gross profit margin of 35% for Q3 2014.
  • Continued to expand and strengthen the dealer network for our 3D printers and conducted the majority of sales through dealers in Q3 2015.
  • Net loss for Q3 2015 of $138,589, versus a net loss of $536,381 in Q3 2014.

Financial Summary

Q3 2015

Q3 2014

Nine months


Nine months







Gross Profit





  Gross profit margin










Net Income (Loss)





To date in 2015 we have ramped up our sales each quarter through the expansion of our dealer network particularly in the United States and Canada.  Additional efficiencies continue to be recognized as the manufacturing process is optimized by our production team.  We also tightened controllable expenses and brought the Company well in the direction of achieving cash flow positive results.


To continue to expand our sales channels, we are focusing additional efforts on extending our dealer networks internationally.  Our dedication to integrating STEAM based (science, technology, engineering, arts and mathematics) education content with 3-D printing is the foundation of future sales growth. Tinkerine continues to devote resources to research and development which includes hardware advancements, our Tinkerine Suite software and Tinkerine U online content delivery platform.

About Tinkerine

Tinkerine Studios designs and manufactures user-friendly award winning 3-D printers and software, with a focus on STEAM based educational content and online training tools. Tinkerine also manufactures our own line of high purity filament for 3-D printers.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain information and statements in this news release may constitute forward-looking information particularly "brought the Company well in the direction of achieving cash flow positive results". This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict.  Actual results might differ materially from results suggested in any forward-looking statements. Tinkerine assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Tinkerine.  Additional information identifying risks and uncertainties is contained in Tinkerine's filings with the Canadian securities regulators available at www.sedar.com.

Tinkerine and Ditto are registered trademarks of Tinkerine Studios Ltd., all rights reserved.

SOURCE Tinkerine Studios Ltd.

Video with caption: "Video: Q3 2015 video summary of Fin Results". Video available at: https://youtu.be/SVyS5_bCoIY

For further information: Tinkerine Studios Ltd: Martin Burian, CFO, 604-288-8778 ext 205, martin@tinkerine.com


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Tinkerine Studios Ltd.

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