Business
Advantex Announces Fiscal Second-Quarter Results
- Company continuing to make steady progress in core areas on which it is focusing for future gro...
About this update from Advantex Marketing International Inc.
[{"type":"text","content":"\n\n\n\n- Company continuing to make steady progress in core areas on which it\n is focusing for future growth in revenue and profitability\n- Financings completed late in second quarter and in January will\n enable a doubling of the Transaction Credits on the Balance Sheet and\n growth of Advance Purchase Marketing Program\n- Expects future revenue growth to result from higher Transaction\n Credits deployed as more merchants are enrolled in Advance Purchase\n Marketing Program\n- Conference call and webcast on Friday, February 15 at 8:30 a.m.\n (eastern)\n\n\nADX: TSX\n\n\nTORONTO, Feb. 14 /CNW/ - Advantex Marketing International Inc. (TSX:ADX),\na leading specialist in merchant funding and loyalty marketing programs, today\nannounced its results for the fiscal second quarter and six months ended\nDecember 31, 2007. All references to quarters or years are for the fiscal\nperiods and all currency amounts are in Canadian dollars unless otherwise\nnoted.\n\n\nFinancial Performance - Highlights\n(millions of $s, except per share amounts)\n\n-------------------------------------------------------------------------\n Three Three Six Six\n months months months months\n Ended Ended Ended Ended\n December December December December\n 31, 2007 31, 2006 31, 2007 31, 2006\n-------------------------------------------------------------------------\nRevenue 3.2 3.4 6.1 5.7\n-------------------------------------------------------------------------\nDirect expenses 1.4 1.2 2.6 2.0\n-------------------------------------------------------------------------\nGross profit 1.8 2.2 3.5 3.7\n-------------------------------------------------------------------------\nSales, general, and\n administrative expenses 1.8 1.7 3.5 3.4\n-------------------------------------------------------------------------\nContribution from operations 0.0 0.5 0.0 0.3\n-------------------------------------------------------------------------\nEarnings (loss) before\n amortization and interest 0.0 (0.7) (0.1) (0.8)\n-------------------------------------------------------------------------\nNet earnings (loss) (0.3) (1.0) (0.7) (1.3)\n-------------------------------------------------------------------------\nNet earnings (loss) per\n common share ($0.00) ($0.01) ($0.01) ($0.02)\n-------------------------------------------------------------------------\n\n\n"Through the se...