Inventronics Announces 2013 Q2 Financial Results

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[{"type":"text","content":"\n\n\nCALGARY, Aug. 27, 2013 /CNW/ - Inventronics Limited (\"Inventronics\" or\n the \"Corporation\") (IVX:TSX Venture), a designer and manufacturer of\n custom enclosures for the telecommunications, electric transmission,\n cable television and other industries in North America, today announced\n its unaudited 2013 second quarter financial results.\n\n\nFor the three months ended June 30, 2013, Inventronics reported net\n income of $49,000, or 1.1 cents per share, on revenue of $1,403,000\n compared to a net loss of $53,000, or 1.2 cents per share, on revenue\n of $1,282,000 for the comparative period of 2012.  For the six months\n ended June 30, 2013, Inventronics reported a net loss of $61,000, or\n 1.4 cents per share, on revenue of $2,545,000 compared to a net loss of\n $90,000, or 2.1 cents per share, on revenue of $2,458,000 for the\n comparative period of 2012.\n\n\nSelected Financial Information\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nIncome Highlights(in thousands of dollars, except per share amounts)  \n\n\n     Three Months Ended\n\n\n        Six Months Ended\n\n\n \n\n\nJune 302013\n\n\nJune 302012\n\n\nJune 302013\n\n\nJune 302012\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nRevenue\n\n\n1,403\n\n\n1,282\n\n\n2,545\n\n\n2,458\n\n\nEBITDA\n\n\n179\n\n\n80\n\n\n209\n\n\n169\n\n\nNet income (loss)\n\n\n49\n\n\n(53)\n\n\n(61)\n\n\n(90)\n\n\nBasis earnings (loss) per share\n\n\n1.1¢\n\n\n(1.2)¢\n\n\n(1.4)¢\n\n\n(2.1)¢\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n\nStatement of Financial Position\n Highlights                                                        (in thousands of dollars)\n\n\n \n\n\n \n\n\nAs at\n\n\nJune 302013\n\n\n   December 312012\n\n\n \n\n\n \n\n\n \n\n\nWorking capital\n\n\n443\n\n\n355\n\n\nProperty, plant and equipment\n\n\n3,271\n\n\n3,431\n\n\nLong-term debt, excluding current portion\n\n\n2,351\n\n\n2,365\...

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