Urbanimmersive Technologies Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended September 30, 2014
For the year, the company's revenues have decreased from $885,886 to $650,740 a decrease of $235,146 or 26.5%. This decrease is mainly due to a reduction in 3D product revenues of $261,022 due to sales efforts that have been focused on the deployment of AVU3D® immersive visits in the real estate market with affiliated real estate agencies. Net loss and comprehensive loss was $1,683,058 against $3,309,083 a year ago.