Uniserve Reports Results for Fiscal Year ended May 31, 2025

Financial Performance - Revenues for fiscal 2025 were $6,972K, an increase from $6,439K in the prior fiscal year, representing a growth of approximately 8.3% [1][2] - The operating loss for fiscal 2025 was $1,681K, compared to an operating loss of $239K in the previous year, indicating a significant increase in losses [1][2] - The net loss for fiscal 2025 was $1,899K, up from a net loss of $191K in the prior fiscal year, reflecting a substantial deterioration in financial performance [1][2] Cost Structure - Cost of revenues increased to $3,864K in fiscal 2025 from $3,493K in fiscal 2024, marking a rise of approximately 10.6% [2] - Total expenses for fiscal 2025 were $4,789K, compared to $3,186K in fiscal 2024, indicating a year-over-year increase of about 50.3% [2] - Significant increases were noted in operations and service delivery expenses, which rose to $3,265K from $2,427K, and amortization of intangible assets, which increased to $79K from $26K [2] Company Overview - Uniserve Communications Corporation provides IT solutions and services to both business and residential customers in Canada [3] - The company operates in three core verticals: Data Centre Solutions, Managed IT Services, and Business Internet, with a focus on delivering secure and reliable IT solutions [3]