21:29:19 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Input Capital Corp
Symbol INP
Shares Issued 81,472,758
Close 2014-11-27 C$ 2.01
Market Cap C$ 163,760,244
Recent Sedar Documents

Input Capital earns adjusted $65,233 in fiscal Q2 2015

2014-11-28 17:37 ET - News Release

Mr. Doug Emsley reports

INPUT CAPITAL CORP. ANNOUNCES FISCAL 2015 SECOND QUARTER RESULTS

Input Capital Corp. has released its unaudited results for the second quarter ended Sept. 30, 2014. All figures are presented in Canadian dollars.

Second quarter financial highlights

  • Total sales revenue of $3,001,827;
  • Revenue from streaming contracts of $1,919,826 on the sale of 4,146 tonnes of canola at an average price of $463.08 per tonne;
  • Revenue from canola trading of $1,082,001 with a gross margin of 2.8 per cent;
  • Cash operating margin from streaming contracts of $1,670,539, or $402.95 per tonne (87 per cent cash operating margin);
  • Adjusted net income of $65,233, or nil per share;
  • Adjusted operating cash flow of $712,410, or one cent per share;
  • Invested $201,600 of upfront payments into multiyear streaming contracts, adding 840 contracted tonnes to the company's future canola sales;
  • On July 9, 2014, the company closed a bought-deal public offering of common shares for total gross proceeds of $46,287,500 (including the exercise of an overallotment option) to expand its portfolio of multiyear streaming contracts with producers;
  • Launched a new producer-oriented website;
  • Finished the quarter with:
    • Cash and cash equivalents of $64.1-million;
    • Total canola interests of $34.9-million (current portion and long-term portion);
    • Multiyear streaming contracts with 21 farm partners;
    • Total shareholder equity of $102.9-million;
    • No debt.

Webcast and conference call details

A conference call will be held on Monday, Dec. 1, 2014, starting at 9:30 a.m. (Saskatchewan time) (10:30 a.m. Eastern Time), to further discuss the second quarter results. To participate in the conference call, use the following dial-in numbers: 888-231-8191 (North America toll-free) or 647-427-7450 (international).

It is recommended that participants dial in five minutes prior to the commencement of the conference call. Soon after the completion of the call, the webcast will be available for download on Input Capital's website.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.