Pathfinder Ventures Inc. announced that it has filed on SEDAR its consolidated financial statement as well as management discussion and analysis (“MD&A”) for the three months ended March 31, 2022, and 2021.
As per a press release, Pathfinder Ventures is committed to developing available commercial opportunities given the rising trend of people who want to explore, live, and vacation in RVs.
The consolidated financial statements and MD&A can be found on www.sedar.com. The financial information contained should be read in conjunction with and is qualified by additional information and disclosures and other information included within the financial statements, including the notes and the MD&A.
“In the first quarter of 2022, the Pathfinder team focused on preparing all locations and staff for a busy spring and summer camping season. We finished off outstanding projects and upgrades at our 3 British Columbia locations as we strive to deliver the best possible experience for our RV guests. Our RV Resorts are seeing increased reservations and occupancy rates, and we’re looking forward to building upon our current foundation with expansions and more locations,” said Joe Bleackley, CEO, Founder, and Director of Pathfinder.
Q1 2022 highlights include, increase of revenue to $459,078 from $313,735 in the comparative period, decrease of consulting expenses to $10,272 from $98,831 in the comparative period.
Cash and cash equivalents at March 31, 2022 were $2,068,772, compared to $2,092,893 at December 31, 2021.
Cash used in operating activities was $256,651, compared to $286,904 during Q1 2021.
12,512 camp resort site nights (as defined below) occupied in Q1 2022, compared to 11,588 camp resort site nights occupied in the comparative period;
About Pathfinder Ventures
Pathfinder Ventures Inc. is developing a network of premier branded, upscale and family-friendly RV parks and campgrounds under the “Pathfinder Camp Resorts” name. Pathfinder currently has three camp resorts located in B.C. and is focused on growing its network through both acquisitions and new construction. The Corporation is taking advantage of the rapidly growing market of Canadians who want to experience the great outdoors in an RV.
Featured image from Pathfinder Ventures Inc.