TEXADA Software Announces Third Quarter, 2007 Results
November 29 2007 - 9:39AM
Marketwired
TORONTO, ONTARIO , announces un-audited financial results for
the quarter ending September 30, 2007.
The Company recognized total revenues of $1,111,393 resulting in
an operating loss before amortization, interest expense, foreign
exchange, stock based compensation expense, severance expense and
income taxes of $363,702. Net loss was $647,505 and gross margin
was 91.6%. These results compare to total revenues of $1,001,133
and an operating loss before amortization, interest expense,
foreign exchange, stock based compensation expense, severance
expense and income taxes of $343,828, net loss of $818,506 and
gross margin of 91.0% for the same quarter in 2006.
"Two years ago, the company began a significant investment in
new technologies. In Q3, we began shipping the first new product
resulting from that investment, SYSTEMATIC Dashboard" said Nigel
Miller, newly appointed CEO of Texada. " Over the next short while,
I will be listening to customers and re-examining our future
product strategies, to ensure we deliver value to our customers,
implemented in a way which combines the best of the new
technologies we have developed with the industry leading software
our customers are already using"
The Company's financial results are presented below:
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Thousands of Canadian Dollars Three Months Ended September 30th
(except per share amounts)
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2007 2006
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Revenue 1,111 1,001
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Operating Income / (Loss) (364) (344)
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Loss for the Period (648) (819)
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Loss per share (0.01) $(0.03)
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More information may be found at www.sedar.com
About Texada Software (TSX VENTURE: TXS)
Texada Software Inc. is the premier provider of SYSTEMATIC
enterprise software solutions for mobile equipment and rental
management. Texada's solutions are fully flexible and scalable to
meet the unique needs of any sized operation and are backed by
proven implementation, services and support.
Texada's market-driven software products combine knowledge and
best practices from over 400 customers worldwide, resulting in
solutions that manage the complete asset life-cycle from
acquisition through to disposal. Our customers enjoy the benefits
of enhanced efficiency through better asset utilization, effective
location tracking, and optimized scheduling.
Texada can be reached at 1-800-361-1233 or +1-519-836-7073, or
on the internet at www.texadasoftware.com For product and services
information visit www.systematic.com.
This news release may contain forward-looking statements which
reflect the Company's current expectations regarding future events.
The forward-looking statements are often, but not always,
identified by the use of words such as "seek", "anticipate", "plan,
"estimate", "expect", "intend" and statements that an event or
result "may", "will", "should", "could" or "might" occur or be
achieved and other similar expressions. These forward-looking
statements involve risk and uncertainties, including the difficulty
in predicting acceptance of and demands for new products, the
impact of the products and pricing strategies of competitors,
delays in developing and launching new products, fluctuations in
operating results and other risks, any of which could cause
results, performance, or achievements to differ materially from the
results discussed or implied in the forward-looking statements.
Many risks are inherent in the industry; others are more specific
to the Company. Investors should consult Texada's ongoing quarterly
filings for additional information on risks and uncertainties
relating to these forward-looking statements. Investors should not
place undue reliance on any forward-looking statements. Management
assumes no obligation to update or alter any forward-looking
statements whether as a result of new information, further events
or otherwise.
Contacts: Corporate communications contact: Texada Software Inc.
Nigel Miller 1-800-361-1233 x 2120 Email:
nmiller@texadasoftware.com Website: www.texadasoftware.com
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