IBEX Reports Results for the First Quarter Ended October 31, 2020 - Seite 2

EBITDA for the three months ended
	October 31, 2020		October 31, 2019
Net earnings (loss)	$150,066		$64,463
Depreciation of property, plant, equipment and intangible assets	$49,968		$58,439
Depreciation of right-of-use assets	$45,928		$42,212
Interest – Net	$4,474		$5,487
Income tax refund	($4,006)		-
Earnings (loss) before interest, tax, depreciation and amortization	$246,430		$170,601

Financial Summary for the three months ended
	October 31, 2020		October 31, 2019
Revenues	$1,164,658		$1,078,740
Earnings (loss) before interest, tax, depreciation & amortization (EBITDA)	$246,430		$170,601
Depreciation of property, plant, equipment and intangible assets	$49,968		$58,439
Depreciation of right-of-use assets	$45,928		$42,212
Net earnings (loss)	$150,066		$64,463
Earnings (loss) per share	$0.01		$0.00

Cash and cash equivalents increased by $455,625 during the three months ended October 31, 2020 as compared to the year ended July 31, 2020. Net working capital increased by $130,884 during the three months ended October 31, 2020 as compared to the year ended July 31, 2020.

Balance Sheet Summary as at
	October 31, 2020	July 31, 2020
Cash and cash equivalents	$4,161,142	$3,705,517
Net working capital	$3,935,924	$3,805,040
Outstanding shares at report date (common shares)	24,773,244	24,773,244

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