earnings
confidence high
sentiment positive
materiality 0.65
InnSuites reports $390K net income for first 3 quarters; NYSE accepts compliance plan
INNSUITES HOSPITALITY TRUST
- Consolidated net income of $390,000 for first three quarters of FY2022, up $2.7M from prior year loss.
- EPS of $0.04 vs. prior year loss of ($0.26) per share.
- NYSE American accepted compliance plan; plan period to regain listing through May 15, 2023.
- UniGen clean energy prototype expected to be operational in Q2 2022.
- Hotel profits for first three quarters exceed pre-Covid FY2020 and FY2019 by over $1.3M each.