Silent Witness Announces Corrections to 4Q Financial Results
SURREY, British Columbia, Canada
CCTV manufacturer Silent Witness Enterprises Ltd. releases corrections to its fourth quarter and year ended July 3 financial results.
Cash flow from operations, before changes in working capital, was $5,569,000 (previously reported $6,353,000) compared to the prior year’s total of 6,144,000. Cash flow from operations, after changes in working capital, was $13,389,000 (previously reported $14,173,000) compared to ($3,737,000) in the prior year.
Fourth quarter cash flow from operations, before changes in working capital, decreased by 89 percent to $312,000 (previously reported $1,096,000) compared with $2,750,000.
The changes to the fourth quarter and year-to-date cash flow numbers are due to the reclassification of the $784,000 gain on SmartSight shares from investing to earnings.
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