According to the company financial highlights for Q2 include:
- Total revenue for the quarter ended June 30, 2011 was $8.2 million, up 4% from Q2 2010
- Net income, before taxes, was $705,000, up 239% from the prior year
- Net income, after taxes, for the quarter was $552,000 ($0.017 per share) compared to prior year's after tax net income of $708,000 ($0.022 per share), including a tax recovery of $500,000 in the prior year
- EBITDA for the quarter was $1.15 million compared to EBITDA of $659,000 for the same period in the prior year, up 75%
- Adjusted EBITDA was $1.15 million for Q2 2011 vs. $785,000 for the same period in the prior year, up 47%
- Foreign exchange had a significant impact on year over year quarterly results particularly the 6% appreciation of the Canadian dollar against the U.S. dollar
- Total revenue for the six months ended June 30, 2011 was $16.1 million, down 1% from 2010
- Net income, before taxes, was $1.45 million, up 70% from the prior year
- Net income, after taxes, for the six months ended was $1.16 million ($0.017 per share after giving effect to the $585,000 dividend payment made in the first quarter of 2011) compared to prior year's after tax net income of $1.27 million ($0.020) per share after giving effect to the $585,000 dividend payment made in the first quarter of 2010 and which included a $500,000 tax recovery in the second quarter of 2010
- EBITDA for the six months was $2.36 million compared to EBITDA of $1.76 million for the same period in the prior year, up 34%
- Adjusted EBITDA was $2.38 million for the six months vs. $1.8 million for the same period in the prior year, up 32%
- Foreign exchange had a significant impact on year over year six month results particularly the 6% appreciation of the Canadian dollar against the U.S. dollar.
No comments:
Post a Comment