On Monday, Pathfinder Ventures Inc. announced that its revenue for the fourth quarter was CA$465,575, totaling a consolidated revenue of CA$2,462,427 in 2021 compared to the prior year’s CA$108,936 (Q4 2020) and CA$108,936 (fiscal 2020).
The company attributed the growth to its three British Columbia camp resorts acquired during the fourth quarter of 2020.
Pathfinder’s EBITDA loss for the quarter that ended on December 31, 2021 was CA$209,548, compared to CA$445,911 during Q4 2020 and CA$323,212 for fiscal 2021 compared to $557,615 in the 2020 financial year.
For its operations, the company reported using CA$1,132,313 and CA$4,154,618 for Q4 and fiscal 2021 respectively, compared to 2020 operating expenses of CA$663,812 and CA$775,516 respectively.
Attendance was also up with 51,481 camping nights in fiscal 2021, up from 31,994 for the year prior.
As of December 31, 20221, Pathfinder’s cash balance grew to CA$2.1 million versus CA$1.1 million at the same preiod in 2020.
“In 2021, the Pathfinder team did an incredible job laying the foundation and groundwork for a successful future in Canada’s growing RV Resort industry. Pathfinder is focused on delivering the best possible experience for our RV guests and we are thrilled to see the increase in interest and reservations at our Pathfinder Camp Resorts. Not only was 2021 our first year in operation but it was also the year we listed on the TSXV,” Pathfinder Founder, CEO, and Director Joe Bleackley said in a release.
“We’re looking forward to announcing more RV resort locations and fine-tuning operations on our 3 fully operational parks in 2022,” he added.
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.