iPerceptions Announces a Significant Increase in Revenues for the Third Quarter of 2007
November 29 2007 - 8:50AM
Marketwired
MONTREAL , a leader in online customer satisfaction and
experience measurement, today reported its financial results for
the third quarter ended September 30, 2007 and announced a 176%
increase in revenue in the nine months of fiscal 2007 compared to
the same period of the last fiscal year.
Highlighting the growing demand for its solutions, iPerceptions
added numerous high-profile companies to its customer portfolio in
the third quarter of 2007 such as SAP America, Network Appliance,
Mazda Canada, Best Western, Intuit and Borland and renews annual
contracts with high profile clients such as Wyndham Worldwide,
Samsung, Dell, Thomasville and Toshiba.
iPerceptions delivered the following results for the third
fiscal quarter 2007:
Revenue: For the quarter ended September 30, 2007, revenue totaled
$850,670 compared to $357,568 for the corresponding period in the
previous fiscal year, an increase of 138%. For the nine-month period
ended September 30, 2007, the Corporation's revenue totaled $2,211,810
compared to $800,514 for the corresponding period in the previous
fiscal year, an increase of 176%. This growth in revenue is directly
related to the increase in iPerceptions customers. This substantial
growth for the first nine months of the fiscal year reflects the
customer's appreciation for iPerceptions products and services, new
marketing initiatives, as well as the Company's headway in this
emerging market.
Net loss and Earnings per Share: Net loss and comprehensive loss for
the quarter ended September 30, 2007 was $469,146 compared to $533,487
in the same period of 2006. The year-to-date net loss and comprehensive
loss was $1,262,637 compared to $1,323,018 during the first nine months
in the prior year. The third quarter and the year-to-date basic and
diluted loss per share for 2007 were $0.01 and $0.04 respectively.
Cash position: Total cash and cash equivalents is approximately $2.5
million at the end of the third quarter as a result of a private
placements of $3.2 million during the nine-month period.
"The success iPerceptions has experienced this year is a
reflection of our clients' commitment to proper measurement of
online customer satisfaction and experience," says Jerry
Tarasofsky, CEO and President of iPerceptions. "The webValidator
Continuous Listening Solution and the iPerceptions Satisfaction
Index (iPSI) continue to provide companies with crucial voice of
the customer strategic and tactical decision support."
For additional information, consult our Management Discussion
and Analysis filed today on SEDAR at www.sedar.com.
About iPerceptions:
iPerceptions is one of North America's leading web-focused
attitudinal analytics providers. Its webValidator Continuous
Listening solution and its Proprietary Satisfaction Index (iPSI),
turn thousands of data points into easy-to-understand strategic and
tactical decision support for website marketers. iPerceptions'
clients include such well known brands as InterContinental Hotels,
General Motors, Dell Computers, Hyundai, CompUSA, LG Electronics,
Toshiba, Choice Hotels International, BMW and Hilton Hotels.
iPerceptions has offices in New York, Toronto and Montreal.
Forward-Looking Statements And Caution
Securities laws encourage companies to present forward-looking
information to provide investors with a better understanding of the
Corporation's future prospects and to help them make informed
decisions. The present press release and related Management
Discussion and Analysis of iPerceptions contains forward-looking
statements about the Corporation's objectives, strategies,
financial position, results of operations, cash flows and
activities, which are based on Management's current expectations,
estimates and assumptions about the markets in which it
operates.
Statements based on Management's current expectations contain
known and unknown risks and uncertainties. Forward-looking
statements may include verbs such as "believe," "anticipate,"
"estimate," "expect," "target" and "assess" or related expressions.
These statements represent iPerceptions' intentions, plans,
expectations or beliefs and are subject to risks, uncertainties and
other factors, many of which are beyond the Corporation's control.
Actual results may vary materially from forecasts. The reader is
cautioned not to place undue faith in any forward-looking
statement. Please note that the forward-looking statements
contained in this press release and related Management Discussion
and Analysis describe our expectations as at November 15, 2007.
Additional information on the risk factors to which the
Corporation is exposed is available in the Risks Factors section of
the Filing Statement dated May 30, 2007, which is available on
SEDAR. This section addresses the risks, uncertainties and other
factors that could affect financial results. Forward-looking
statements do not take into account the effect that transactions or
non-recurring or other special items announced or occurring after
the statements are made may have on our activities. We disclaim any
intention and assume no obligation to update any forward-looking
statements even if new information becomes available as a result of
future events or for any other reason unless required to do so by
applicable securities regulations.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this press release.
Media information: Jonathan Levitt Vice-President Marketing
iPerceptions Inc. Tel: 514-488-3600 Fax: 514-484-2600 Investor
information : Jerry Tarasofsky Chief Executive Officer iPerceptions
Inc. Tel: 514-488-3600 Fax: 514-484-2600 Martin Faucher Chief
Financial Officer iPerceptions Inc. Tel : 514-488-3600 Fax:
514-484-2600
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