Business
IN-TOUCH SURVEY SYSTEMS LTD. ANNOUNCES ANNUAL FINANCIAL RESULTS WITH SIGIFICANTLY IMPROVED PROFITS AND CASH FLOW
Apr. 12, 2011 (Canada NewsWire Group) -- OTTAWA, April 12 /CNW/ - In-Touch Survey Systems Ltd...
About this update from Intouch Insight Ltd.
[{"type":"text","content":"\n\n\n Apr. 12, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nOTTAWA, April 12 /CNW/ - In-Touch Survey Systems Ltd. ("In-Touch"\n TSX-Venture: INX) announces that revenue increased 8% to $5,893,125 in\n FY 2010 compared to $5,479,081 in FY 2009. Net income for 2010 was\n $736,692 compared to a net loss of $440,377 in 2009. Operating income\n was $970,567 in 2010 compared to $15,477 in 2009. The non-GAAP\n Company-defined adjusted EBITDA, as described in the Company's\n Management Discussion and Analysis public filings, was $1,222,000 in FY\n 2010, compared to $293,000 in FY 2009. Earnings per share for 2011 were\n $0.05 compared to a loss of $0.03 for 2010.\n\n\n"The Company has successfully managed its way out of the recession and\n is now poised for significant revenue growth. The Company's Mobile Web\n technology will become the foundation for all products and services in\n 2011. At the Event Marketing Summit, May 16-18 in Chicago the company\n will launch "In-Touch Apps for Events" - the world's first hardware\n independent, mobile-web solution, for the marketing departments of\n Fortune 1,000 firms and their Agencies of Record", said Michael Gaffney, Chief Executive Officer.\n\n\n"The new IMS division, which sells In-Touch Mobile-Web solutions into\n Government, is close to achieving its 2011 bookings targets, and\n expected revenues are $1,000,000 this year. We are actively searching\n for additional sales opportunities from American a...