Functional Technologies Corporation, which has research facilities at the former McGowan Tractor location in Summerville, reported just over $4 million in cash and short term investments in 2011.
The report, filed with the Toronto Stock Exchange, showed cash and short-term investments of $4.2 million at the end of August compared to $0.9 million on August 31, 2010. As at August 31, 2011, the Company had working capital of $3.9 million compared to $1.4 million as at August 31, 2010. As at December 29, 2011, Functional Technologies had 49,396,895 common shares issued and outstanding. ...