Business
BSM Technologies reports record Adjusted EBITDA and 39% revenue growth in Fiscal 2013
TORONTO , Dec. 17, 2013 /CNW/ - BSM Technologies Inc. ("BSM" or the "Company") (TSXV: GPS)...
About this update from Great Plains Metals Corp.
[{"type":"text","content":"\n\n\nTORONTO, Dec. 17, 2013 /CNW/ - BSM Technologies Inc. (\"BSM\" or the\n \"Company\") (TSXV: GPS), a leading provider of remote monitoring, fleet management, fleet diagnostics and automated vehicle security systems, today announced financial and\n operating results for the three and twelve month periods ended\n September 30, 2013. All results are in Canadian dollars unless\n otherwise stated.\n\n\nFinancial and Operating Highlights ($ thousands except per share data; comparisons of performance are made\n between fiscal 2013 results and fiscal 2012 results, unless otherwise\n noted)\n\n\n\nSignificant revenue growth: Total revenue of $5,163 for the fourth\n quarter and $19,207 for the year represent a 54% and 39% increase,\n respectively.\n\n\n\n\nRecord Adjusted EBITDA(i): $986 for the fourth quarter and $3,708 for the year represent a 46%\n and 85% increase, respectively.\n\n\n\n\nRecurring revenue(i) of $3,970 for the fourth quarter and $11,736 for the year represent a\n 70%, and 24% increase, respectively.\n\n\n\n\nHardware and other revenue of $1,193 for the fourth quarter and $7,471\n for the year represent increases of $175 or 17% and $3,114 or 71%,\n respectively.\n\n\n\n\nCash and cash equivalents increased to $10,251 million at September 30,\n 2013 representing a $7.2 million or 239% increase over the prior fiscal\n year's balance.\n\n\n\n\n\n\n\"2013 was a transformational year for BSM Wireless,\" said Aly\n Rahemtulla, President and CEO, BSM Technologies Inc. \"We complemented\n significant organic growth with a strategic acquisition that\n strengthened our presence in Western Canada and in the energy services\n sector, which drove a 54% increase in our fourth quarter revenues. In\n 2014 we will be focused on completing the integration of the two\n businesses and continuing our sales momentum.\"\n\n\n\n\n\n\n\nFinancial Highlights\n\n \n \n \n \n\n \n\n\n\n\nAll currency in thousands except per share data.\n\n\nThree months ended\n\n\n \n\n\nTwelve months ended\n\n\n\n\nSeptember 30\n\n\n \n\n\nSeptember 30\n\n\n\n\n2013\n\n\n2012\n\n\n \n\n\n2013\n\n\n2012\n\n\n\n\nRecurring revenue(i)\n\n\n$   3,970 \n\n\n$   2,338\n\n\n \n\n\n$   11,736 \n\n\n$   9,455\n\n\n\n\nHardware and other revenue\n\n\n1,193\n\n\n    ...