Inventronics Announces 2013 Q3 Financial Results

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[{"type":"text","content":"\n\n\nCALGARY, Nov. 26, 2013 /CNW/ - Inventronics Limited (\"Inventronics\" or\n the \"Corporation\") (IVX:TSX Venture), a designer and manufacturer of\n custom protective enclosures for the telecommunications, electric\n transmission, cable television and other industries in North America,\n today announced its unaudited 2013 third quarter financial results.\n\n\nFor the three months ended September 30, 2013, Inventronics reported net\n earnings of $168,000, or 3.8 cents per share, on revenue of $1,855,000\n compared to a net loss of $72,000, or 1.6 cents per share, on revenue\n of $1,158,000 for the comparative period of 2012. For the nine months\n ended September 30, 2013, Inventronics reported net earnings of\n $107,000, or 2.4 cents per share, on revenue of $4,400,000 compared to\n a net loss of $162,000, or 3.7 cents per share, on revenue of\n $3,616,000 for the comparative period of 2012.\n\n\n\n\n\n\n\nSelected Financial Information\n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nIncome Highlights\n(in thousands of dollars, except per share amounts)\n\n\n \n\n\n \n\n\nThree Months Ended\n\n\n \n\n\nNine Months Ended\n\n\n\n\n \n\n\n \n\n\n \n\n\nSept 30\n2013\n\n\nSept 30\n2012\n\n\n \n\n\nSept 30\n2013\n\n\nSept 30\n2012\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nRevenue\n\n\n \n\n\n \n\n\n1,855\n\n\n1,158\n\n\n \n\n\n4,400\n\n\n3,616\n\n\n\n\nEBITDA\n\n\n \n\n\n \n\n\n296\n\n\n69\n\n\n \n\n\n505\n\n\n239\n\n\n\n\nNet earnings (loss)\n\n\n \n\n\n \n\n\n168\n\n\n(72)\n\n\n \n\n\n107\n\n\n(162)\n\n\n\n\nBasis earnings (loss) per share\n\n\n \n\n\n \n\n\n3.8¢\n\n\n(1.6)¢\n\n\n \n\n\n2.4¢\n\n\n(3.7)¢\n\n\n\n\n\n\n\n\n\nStatement of Financial Position Highlights\n(in thousands of dollars)\n\n\n \n\n\n \n\n\n \n\n\n\n\nAs at\n\n\nSeptember 30\n2013\n\n\n \n\n\nDecember 31\n2012\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nWorking capital\n\n\n664\n\n\n \n\n\n355\n\n\n\n\nProperty, plant and equipment\n\n\n3,213\n\n\n \n\n\n3,431\n\n\n\n\nLong-term debt, excluding current portion\n\n\n2,344\n\n\n \n\n\n2,365\n\n\n\n\nTotal...

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