Titanium Holdings Group, Inc. Announces Audited Consolidated Earnings Results for the Full Year Ended December 31, 2017
Titanium Holdings Group, Inc. announced audited consolidated earnings results for the full year ended December 31, 2017. For the full year, the company announced net sales were $6,397,592 compared to $7,304,269 for the same period a year ago. Operating loss was $120,381 compared to $14,710 for the same period a year ago. Loss before income tax expense was $121,698 compared to income before income tax expense of $257,576 for the same period a year ago. Net loss attributable to common stockholders was $131,398 or $0.014 per basic and diluted share compared to net income attributable to common stockholders of $247,576 or $0.027 per basic and diluted share for the same period a year ago. Net cash used in operating activities was $5,274 compared to net cash generated from operating activities of $112,259 for the same period a year ago. Purchase of property and equipment was $701,496 compared to $51,216 for the same period a year ago.