Bluedrop Releases 2018 Year End Financial Results
Summary
ST. JOHN’S, Newfoundland and Labrador--( BUSINESS WIRE )--Bluedrop Performance Learning (“Bluedrop”) (TSX-V:BPLI) today reported its audited financial results for the year ended September 30, 2018. We experienced some delays on very significant new programs in the much larger Training and Simulation business, even as we simultaneously maintained its expense profile throughout the third and fourth quarters. At the same time, we continue to position the Learning Networks business to be the enterprise grade platform and complete solution provider for the health and safety compliance markets while expanding our workforce development products. While we have made significant progress acquiring longer term contracts in the period, unfortunately the delays in procurement meant that we did not recognize revenues on any of these programs in the year. Bluedrop is transforming the workplace globally by designing, developing and delivering practical, actionable and affordable training content that improves individual and overall performance of organizations.