AtmanCo Announces Annual Results for 2013
April 01 2014 - 6:00PM
Marketwired Canada
AtmanCo Inc. ("AtmanCo" or the "Company") (TSX VENTURE:ATW), a leader and
innovator in web psychometric test solutions for recruitment, organizational
development and talent measurement within companies, announces its results for
the 12 months ending December 31st, 2013.
Highlights for 2013
-- For the year, increased revenue from $575,064 to $1,214,203. Note that
the period ending December 31st 2012 consists of 7 months compared to 12
months for December 31st 2013.
-- Increase in deferred revenues of $356,443, from $174,685 on December
31st 2012 to $531,128 on December 31st 2013.
-- Recognition of an impairment loss on intangible assets used in the field
of cyberhealth of $418,346.
-- The Company has partnered with the CCAQ and CIIQ to expand its offering
in the automotive and real estate market.
"Last year was a significant period of transition for AtmanCo, following the
reverse takeover. We focused on license sales, based on the proven AtmanCo
solution, while increasing the growth of our human capital." said President and
CEO of AtmanCo, Michel Guay.
"Many appointments within our management team have added expertise and knowledge
that is beneficial to our business. The powerful diverse expertise that makes up
our team helps us meet the increasing needs of many clients in various
industries. The contribution of the new members, as well as the growth and
integration of new employees have allowed us to achieve our sales targets set
for 2013."
"Several activities were carried out during 2013 in order to align our website
redesign with our digital marketing strategy and position us to further promote
our AtmanCo solution on the web," said President and CEO Atman, Michel Guay.
On February 20th 2014, the Company accepted an offer to sell the assets of the
cyberhealth division. The assets include the technology, as well as some patents
and trademarks. The Company expects to close the transaction during the second
quarter. Following this transaction, the Company expects to receive a total of $
610,000 in cash from the buyer.
----------------------------------------------------------------------------
Dec 31st 2013 Dec 31st 2012 31 mai 2012
in thousands of $ $ $ $
(except for share amounts) (12 months) (7 months) (12 mois)
----------------------------------------------------------------------------
Extracted from the consolidated
financial statements
Revenues 1 214 575 500
Net earnings and overall
result(i) (1 629) (609) (343)
Net earnings per basic and
fully diluted share (0,04) (0,03) (0,02)
Cash and cash equivalents 509 1 188 -
----------------------------------------------------------------------------
(i)Net earnings and overall results for the twelve months ending December 31st
2013 include amortization of $293,925 and impairment loss on intangible assets
in the cyberhealth division for $418,346. The seven-month financial year ending
December 31st 2012 includes amortization of $88,683 and the costs related to the
reverse takeover for $129,047.
Above data includes a summary of highlights. For further information, please
consult the Corporation's consolidated financial statement as well as the
Management Report for the fiscal year ending December 31, 2013 at www.sedar.com
Forward looking statements
This press release contains forward-looking statements that reflect the
Company's current expectation regarding future events. There is a risk that
expectations and forward looking statements will not prove to be accurate.
Readers are cautioned not to place undue reliance on these forward looking
statements as they involve risks and uncertainties, which could make actual
results differ materially from those projected herein and depend on a number of
factors including, but not limited to, no history of profitability, future
financing, intellectual property and patents, key personnel, competitive
marketplace, technology obsolescence, share price volatility and other risks
detailed from time to time in the Company's filings. While AtmanCo anticipates
that subsequent events and developments may cause its views to change, AtmanCo
specifically disclaims any obligation to update these forward looking
statements, unless obligated to do so by applicable securities laws
Additional information regarding the Company are available on SEDAR www.sedar.com
ATMANCO PROFILE
Field of human resources
Using a management interface (Web platform) that is among the most advanced,
AtmanCo helps executives and managers recruit qualified human resources by
placing the right person in the right position.
By quickly obtaining results of psychometric tests, comparing profiles to job
norms and generating complementarity reports, managers are equipped throughout
their human resources processes.
The Company stands out in its marketing approach via its Website, direct sales
and partner network. For further information, visit www.atmanco.com
The TSX Venture Exchange and its Regulatory Services provider (as per meaning
assigned to this term in TSX Venture Exchange's policies) bear no liability as
to the relevance or accuracy of this press release.
FOR FURTHER INFORMATION PLEASE CONTACT:
AtmanCo inc.
Edith Bourgeois
CFO
514.935.5959 ext 304
www.atmanco.com
ATW Tech (TSXV:ATW)
Historical Stock Chart
From Apr 2024 to May 2024
ATW Tech (TSXV:ATW)
Historical Stock Chart
From May 2023 to May 2024
