Business
BSM Technologies reports fifth consecutive quarter of positive EBITDA, with a record $305,000
TORONTO, Aug. 30, 2011 /CNW/ - BSM Technologies Inc. ("BSM" or the "Company")  (TSX-V: G...
About this update from Great Plains Metals Corp.
[{"type":"text","content":"\n\n\n\n\n\nTORONTO, Aug. 30, 2011 /CNW/ - BSM Technologies Inc. (\"BSM\" or the\n \"Company\")  (TSX-V: GPS), a leading provider of remote monitoring,\n fleet management, fleet diagnostics and automated vehicle security\n systems today announced financial and operating results for the three\n and nine-month periods ended June 30, 2011.\n\n\nQ3 fiscal 2011 Highlights\n\n\nEBITDA of $305,000 was an improvement of 65% compared to Q3 2010,\n marking the fifth consecutive quarter of positive EBITDA results\n\n$3.9 million Revenue was 14% over same quarter 2010\n\nNet income was $239,000, an increase of $217,000 or 986% over Q3 2010\n\nCash from operating activities increased by $509,000 over Q3 2010\n\n\n\"We are very pleased to report these strong results which reflect\n continued strong sales of our core Sentinel products and growth in\n recurring revenues,\" said Aly Rahemtulla, President and CEO. \"Since the\n close of the past quarter we have continued to win new customers, added\n key members to our management team and ramped-up our strategies to\n further penetrate the U.S. market - these will further contribute to\n our positive earnings growth.\"\n\n\nFinancial Highlights\n\n \n \n \n \n \n \n \n \n \n\nAll currency in thousands except per share data.\n\n \n \n \n\nThree months ended\n\n \n\nNine months ended\n\n \n \n \n \n\nJune 30\n\n \n\nJune 30\n\n \n \n \n \n\n2011\n\n\n2010\n\n \n\n2011\n\n\n2010\n\n\nRecurring service revenue\n\n \n \n \n\n$   2,439\n\n\n$   2,030\n\n\n \n\n\n$   6,955\n\n\n$   6,024\n\n\nHardware and software revenue\n\n \n \n \n\n      1,476\n\n\n      1,390\n\n\n \n\n\n4,130\n\n\n4,200\n\n\nTotal revenue\n\n \n \n \n\n3,915\n\n\n3,420\n\n\n \n\n\n11,085\n\n\n10,224\n\n\n \n\n \n \n \n\n \n\n\n \n\n \n \n \n\nGross profit\n\n \n \n \n\n2,442\n\n\n2,148\n\n\n \n\n\n6,773\n\n\n6,308\n\n\nGross margin %\n\n \n \n \n\n   62%\n\n\n   63% \n\n\n \n\n\n   61%\n\n\n   62% \n\n\nNet income (loss) before other expenses\...