Third Quarter Highlights (for the three months ended
- Record revenue of
$1,519,831 increased by 11% or$153,203 compared to$1,366,628 . - Gross profit of
$909,740 increased by 7% or$61,501 compared to$848,239 . - Net income of
$362,049 ($0.01 per share) decreased by 1.7% or$6,407 compared to$368,456 ($0.01 per share). - Net cash of
$6,912,665 increased by 31% or$1,652,467 compared to$5,260,198 and now represents$0.25 of net cash per share.
"Revenue growth was slightly below expectations this quarter as some larger projects are taking longer than anticipated to roll out. As these larger projects are implemented in the coming quarters we expect an acceleration in revenue growth.", commented
Normal Course Issuer Bid
On
The financial statements and Management's Discussion and Analysis for the fiscal quarter ended
The TSX Venture Exchange has neither approved nor disapproved of the information contained in this release. This Media Release may contain forward-looking statements, which reflect the Corporation's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual events could differ from those projected herein and depend on a number of factors including the success of the Corporation's sales strategies.
SOURCE
© Canada Newswire, source