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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