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Toronto , Canada , November 22 , 2021 - Route1 Inc. ( OTCQB : ROIUF and TSXV : ROI ) ( the " Company " or " Route1 " ) , an advanced North American provider of data - centric business empowerment solutions , today reported its financial results for the three and nine - month periods ended September 30 , 2021 . Statement of operations In 000s of CAD dollars Revenue The Company's operating results for Q3 2021 with comparatives are as follows : Subscription and services Devices and appliances Other Total revenue Cost of revenue Gross profit Route1 Announces Q3 2021 Financial Results Operating expenses Operating profit ¹ Patent litigation ² Total other expenses ³ Net income ( loss ) ROUTE DRIVING DATA FORWARD Subscription and services revenue in 000s of CAD dollars Application software Technology as a service ( TaaS ) Other services Total Q3 2021 2,297 4,960 31 7,288 4,696 2,592 2,437 155 216 ( 61 ) Q3 2021 Q2 2021 1,628 150 519 2,297 Q1 2021 Q4 2020 2,671 2,758 3,663 3,786 4 67 6,338 6,611 7,227 3,443 3,647 4,315 2,895 2,964 2,912 2,451 2,542 2,469 444 422 443 0 0 1,058 ( 17 ) 284 321 461 138 ( 936 ) Q2 2021 2,528 2,599 4,637 6,523 62 25 Q1 2021 1,724 1,977 2,015 435 293 204 512 488 309 2,671 2,758 2,528 Q3 2020 1 Before stock - based compensation 2 For FY 2020 , the Company incurred expenses for patent litigation net of the reversal of an accounting liability reflecting the funds the Company received from its litigation funding agreement . The Company has concluded the litigation with VMWare in both Canada and the United States and will incur no additional expense for this litigation . 3 Includes gain on litigation , gain or loss on asset disposal , stock - based compensation expense , interest expense , income tax recovery , foreign exchange loss or gain , other expenses and acquisition expense . Q4 2020 9,147 6,134 3,013 2,562 451 381 598 ( 528 ) Q2 2020 Q3 2020 2,489 4,477 3 6,969 4,188 2,781 2,570 211 67 204 ( 60 ) Q2 2020 1,923 1,665 241 315 435 509 2,599 2,489 1