Inventronics Ltd. Announces Audited Earnings Results for the Fourth Quarter and Year Ended December 31, 2012; Announces Addition of Robert Brookwell to its Board of Directors
March 20, 2013 at 06:38 pm
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Inventronics Ltd. announced audited earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported revenue of $1,056,000 compared to $1,092,000 a year ago. EBITDA was $38,000 compared to $18,000 a year ago. Net loss was $108,000 compared to $113,000 a year ago. Basis loss per share was 2.4 cents compared to 2.6 cents a year ago.
For the year, the company reported revenue of $4,672,000 compared to $4,979,000 a year ago. EBITDA was $277,000 compared to $398,000 a year ago. Net loss was $270,000 compared to $140,000 a year ago. Basis loss per share was 6.1 cents compared to 3.2 cents a year ago.
The company announced addition of Mr. Robert Brookwell to its board of directors. Mr. Robert Brookwell is Executive Vice President of Gemini Corporation and has 30 years of experience in senior management positions within a number of different industry sectors spanning all aspects of corporate services with particular emphasis on finance, accounting, operations management, information technology and human resources. From 2000 to 2005, Mr. Brookwell was Senior Vice President and Chief Financial Officer for Inventronics. The appointment of Mr. Brookwell as a director of the Corporation is subject to the approval of the TSX Venture Exchange.
Inventronics Limited is a Canada-based company. The Company designs and manufactures protective enclosures and related products for the telecommunications, electric transmission, cable, energy and other industries in North America. Its products are found in telecommunication networks, electric power distribution networks, cable television networks and traffic control systems in both outdoor and indoor applications. Its products include CATV CP Pedestal Series, BOBCAT Cabinet Series, SG Pedestals, MDU Enclosure Series, NEMA 4/4x Cabinets & Enclosures, NEMA 1/12 Cabinets & Enclosures, M/U Pedestal Series, FDE Enclosure Series, Traffic Control Enclosure, and Urban Refuse & Recycling Bins. CATV CP Pedestal Series is designed for cable television distribution equipment. BOBCAT Cabinet Series are designed for broadband node locations supporting remote deployment of network electronics, including power supply, batteries and radio frequency components.
Inventronics Ltd. Announces Audited Earnings Results for the Fourth Quarter and Year Ended December 31, 2012; Announces Addition of Robert Brookwell to its Board of Directors