Business
Advantex announces results for Q3 2007 and continued improvement in key performance indicators
Advantex announces results for Q3 2007 and continued improvement in key performance indicators.
About this update from Advantex Marketing International Inc.
[{"type":"text","content":"\n\n\n\nADX: TSX\n\n\nTORONTO, May 15 /CNW/ - Advantex Marketing International Inc. (TSX:ADX)\ntoday reported results for the three and nine months ended March 31, 2007. All\nkey performance indicators continued to show significant improvement compared\nto the same period in the previous year.\n\n\n- Net Revenue of $2.7 million; Up $0.8 million or 41.5%\n\n- Gross Profit of $1.9 million; Up $0.5 million or 38.8%\n\n- Net Loss of $0.4 million; An improvement of $0.2 million\n\n- Transaction Credits of $6.1 million; Up $2.2 million compared to\n June 30, 2006\n\n- YTD operating profit of $0.2 million for fiscal 2007, a $1.2 million\n improvement from the $1.0 million operating loss reported for the same\n period in the previous year.\n\n"Q3 is historically our weakest reporting period due to decreases in\nconsumer spending levels after the December holidays, and yet Advantex\nremained on its course towards profitability. Every quarter of this fiscal\nyear has shown marked improvement over the prior year," said Mr. Kelly\nAmbrose, President and Chief Executive Officer of Advantex. "The majority of\nour success is attributable to the growth of our Advance Purchase Marketing\nPrograms and our focus on cost containment."\nThe Company is following a two-fold plan to continue improving its\nfinancial performance:\n\n1. Maximizing the amount deployed as Transaction Credits under its CIBC\n program. Transaction Credits are a good indicator of future revenue.\n The Company is actively working to raise additional debt financing to\n fund future growth of Transaction Credits.\n\n2. Working with its Airline channel partners to develop the Online\n Shopping Mall business further.\n\nThe following presentation is not in accordance with Canadian GAAP\ndisclosures, but has been included to provide a more useful analysis to the\nreader.\n\n(In millions of dollars) Q3(x) YTD(x)\n --------------------- ---------------------\n F 2007 F 2006 F 2007 F 2006\n ------ ------ ------ ------\nGross Revenue:\n CIBC program\n Advance Purchase Model $ 22.0 $ 14.7 $ 62.0 $ 48.7\n Marketing Only Model 0.4 0.2 1.3 0.7\n Online Shopping Malls 0.6 0.5 2.0 1.7\n --- --- --- ---\n Gross Revenue from Core\n Activities 23.0 15.4 65.3 51.1\n Other programs 0.0 0.0 0.2 0.2\n --- --- --- ---\nTotal Gross Revenue 23.0 15.4 65.5 51.3\n\nCost of Purchasing...