Bluedrop Releases Q1 2020 Financial Results
Summary
ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--Bluedrop Performance Learning (“Bluedrop”) (TSX-V: BPLI) today reported its financial results for the three months ended December 31, 2019. The Learning Networks business unit will continue its investments to develop additional features and scalability capabilities for its SaaS platform. Accordingly, the Company recognized right-of-use assets and lease liabilities on the consolidated statements of financial position of $2.5 million each at the beginning of the quarter. We remain committed to investing in our technology and building a strong pipeline and backlog for our crew-based simulators and our compliance and workforce development SaaS based solutions. This change reflects our ongoing process of separating and redefining the two operating companies in their respective markets and with their unique technologies.” Bluedrop Performance Learning Inc. (TSX-V: BPLI) is an innovator in both the development of workplace e-learning and simulation as well as the way large organizations deliver, track and manage training.