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Enter Symbol
or Name
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Inventronics Ltd (2)
Symbol IVX
Shares Issued 4,405,145
Close 2014-11-24 C$ 0.195
Market Cap C$ 859,003
Recent Sedar Documents

Inventronics loses $63,000 in Q3

2014-11-27 18:11 ET - News Release

Mr. Dan Stearne reports

INVENTRONICS ANNOUNCES 2014 Q3 FINANCIAL RESULTS

Inventronics Ltd. has released its unaudited 2014 third quarter financial results.

For the three months ended Sept. 30, 2014, Inventronics reported a net loss of $63,000, or 1.4 cents per share, on revenue of $1.44-million, compared with net income of $168,000, or 3.8 cents per share, on revenue of $1,855,000 for the three months ended Sept. 30, 2013. For the nine months ended Sept. 30, 2014, Inventronics reported a net loss of $143,000, or 3.3 cents per share, on revenue of $3,992,000, compared with net income of $107,000, or 2.4 cents per share, on revenue of $4.4-million for the nine months ended Sept. 30, 2013.

                                           INCOME HIGHLIGHTS
                         (in thousands of dollars, except per-share amounts)

                                                      Three months ended            Nine months ended     
                                                 Sept. 30,      Sept. 30,      Sept. 30,     Sept. 30,
                                                     2014           2013           2014          2013

Revenue                                             1,440          1,855          3,992         4,400
EBITDA                                                 64            296            237           505
Net income (loss)                                     (63)           168           (143)          107
Basic earnings (loss) per share                (1.4 cents)     3.8 cents     (3.3 cents)    2.4 cents

Further information about the financial results of the corporation can be found in the corporation's unaudited interim financial statements for the quarter ended Sept. 30, 2014, and accompanying management's discussion and analysis, which have been filed on SEDAR.

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