17:46:45 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Intema Solutions Inc
Symbol ITM
Shares Issued 68,509,128
Close 2015-08-27 C$ 0.055
Market Cap C$ 3,768,002
Recent Sedar Documents

Intema Solutions loses $191,611 in Q2

2015-08-28 14:55 ET - News Release

Mr. Roger Plourde reports

INTEMA PUBLISHES RESULTS FOR SECOND QUARTER OF 2015

Intema Solutions Inc. released its financial results for the second quarter (which ended on June 30, 2015) on Aug. 27, 2015.

Highlights for the second quarter of 2015, which ended on June 30, 2015:

  • Gross revenue for Q2 2015: $305,795;
  • The company's net value rose to $1,958,997;
  • Two long-term annual agreements have been signed;
  • Long-term debt was reduced to $55,450;
  • Net loss of $191,611, with EBITDA (earnings before interest, taxes, depreciation and amortization) of negative $163,305.

The company was able to continue developing sales for its predictive marketing engine in the second quarter. Results for this quarter will be reflected in sales made over the third quarter and, mainly, the fourth quarter.

The company has embarked on its U.S. market development project. An analysis of this market has now been completed, and the company has, with the help of a team of specialists, begun developing a network of resellers. This approach will position the company to expand its reach within North America and, therefore, in the company's opinion, quickly penetrate this immense market.

The company has pursued its acquisition plan. Its targets' potential is increasing; they are required to meet a set of extremely strict criteria to be considered. Serious discussions with three targets are also under way and are now at different stages. The company expects to close a transaction before the end of this quarter. The targets it seeks present significant potential for synergy through a form of complementarity or growth with an accretive effect.

The company's development team had to push back the launch of its new e-mail platform, in order to make it more current with new functionalities, including the incorporation of new properties that have recently been added into competitors' products.

© 2024 Canjex Publishing Ltd. All rights reserved.