Clemex announces its Financial Results for 2013 The Company ends the year with a net income of 101 302$
August 20 2013 - 11:48AM
Access Wire
Symbol: CXG.A-TSX-V
www.clemex.com
Shares Outstanding: 30,999,810
Montreal, Quebec, August 20th,
2013 --- Clemex Technologies Inc. (TSXV:
CXG.A) announces its financial results for Fiscal Year ending April
30th, 2013. The
Corporation ends this Fiscal Year with total sales of $5,884,631 in
2013 compared also to $5,939,016 in 2012. Gross margin increased by
2.1% allowing the Company to end this Fiscal Year with a net result
of $101,302 compared to $43,467 in 2012.
When asked
to comment these results, President and CEO, Clement Forget
declared the following: "In 2013, sales in most geographic areas served the Company well
again this year. Sales abroad rose by 12.0% while they remained
stable at $960,235 in Europe alone, compared to $945,769 in 2012.
In United States, sales increased by 4.5%, from $2,449,154 in 2012
to $2,559,710 this year, while total sales for North America fell
by 6.6% due to the substantial drop in sales in Canada, which ended
at $1,266,814 this year compared to $1,651,814 in 2012. The
decrease in sales in Canada is mostly due to a weak manufacturing
sector activity and to less microscopes distribution sales in
Eastern Canada. Consequently, total Company sales were slightly
lower this year when compared to 2012. Finally, the strength of the
Canadian dollar, which traded at parity with the U.S. dollar for
most of the year, remains a key factor that has been undermining
the Company's overall sales as 75% of our sales worldwide are made
in US dollars."
Mr. Forget
continued: " Various commercial
activities were conducted during the 2013 fiscal year to promote
the new Haematological analysis instrument. In addition, a private
placement was concluded early this year with a German partner and
client enabling the Company to raise $1,044,000. These funds will
be used mostly to support new medical devices development and
marketing activities. In fall of 2012, the Company opened a
subsidiary in Martillac, France, located in its French partner
facilities, RAL Diagnostics, to be closer to the European market,
which provides excellent sales opportunities for Clemex
instruments.
Financial Highlights
------------------------------------------------------
|Fiscal year ended | April 30 th ,| April 30 th|
| |2013 |, 2012 |
|----------------------------------------------------|
| | | |
| | | |
| | | |
| | $ | |
| | | $ |
|----------------------------------------------------|
|Sales |5, 884,631 |5, 939,016 |
|----------------------------------------------------|
| | | |
|----------------------------------------------------|
|Gross Margin |3, 260,235 |3,1 59,697 |
|----------------------------------------------------|
| |55.4 % |53.2 % |
|----------------------------------------------------|
| | | |
|----------------------------------------------------|
|Total Operating Expenses|3,1 58,933 |3 ,116,230 |
|----------------------------------------------------|
| | | |
|----------------------------------------------------|
| | | |
|----------------------------------------------------|
|Net Earnings & | 101 ,302 | 43,467 |
|Comprehensive Income | | |
|----------------------------------------------------|
| | | |
|----------------------------------------------------|
|E arnings per share | 0.003 | 0.002 |
------------------------------------------------------
About Clemex
Technologies, Inc.
Clemex Technologies
Inc. develops, manufactures and markets image analysis systems and
software used by quality control and research microscopy
laboratories. Clemex customer base spans over many countries in
America, Europe, Asia and encompasses major Research and
Development Centers, prestigious Universities and large
manufacturing industries in various fields including healthcare,
automotive, aerospace, raw materials manufacturing,
pharmaceuticals, mining and other sectors.
--30--
Clemex Technologies Inc,
800 Guimond,
Longueuil, QC, Canada J4G 1T5,
Contact:
Clement Forget
Tel: 450.651.6573
Email:
ir@clemex.com
The
TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy and accuracy of this news
release.
Clemex Technologies Inc. (TSXV:CXG.A)
Historical Stock Chart
From May 2024 to Jun 2024
Clemex Technologies Inc. (TSXV:CXG.A)
Historical Stock Chart
From Jun 2023 to Jun 2024