Business
Inventronics Announces 2014 Q1 Financial Results
CALGARY , May 14, 2014 /CNW/ - Inventronics Limited ("Inventronics" or the "Corporat...
About this update from Inventronics Limited
[{"type":"text","content":"\n\nCALGARY, May 14, 2014 /CNW/ - Inventronics Limited (\"Inventronics\" or the \"Corporation\") (IVX:TSX Venture), a designer and manufacturer of custom enclosures for the telecommunications, electric transmission, cable television and other industries in North America, today announced its unaudited 2014 first quarter financial results.\n\nFor the three months ended March 31, 2014, Inventronics reported a net loss of $101,000, or 2.3 cents per share, on revenue of $1,130,000 compared to a net loss of $110,000, or 2.5 cents per share, on revenue of $1,142,000, for the three months ended March 31, 2013.\n\n\n\n\n \n\nSelected Financial Information\n\n\n\n\n\n\n\n\n\nIncome Highlights\n\n(in thousands of dollars, except per share amounts)\n\n\n\nThree Months Ended\n\n\n\n\n\n\nMarch 31\n\n2014\n\n\nMarch 31\n\n2013\n\n\n\nRevenue\n\n\n\n\n1,130\n\n\n1,142\n\n\n\nEBITDA\n\n\n\n\n25\n\n\n31\n\n\n\nNet loss\n\n\n\n\n(101)\n\n\n(110)\n\n\n\nBasic loss per share\n\n\n\n\n(2.3)¢\n\n\n(2.5)¢\n\n\n\n\n\n\n\n\nStatement of Financial Position Highlights\n\n(in thousands of dollars)\n\n\n\n\n\nAs at\n\n\nMarch 31\n\n2014\n\n\nDecember 31\n\n2013\n\n\n\nWorking capital\n\n\n547\n\n\n577\n\n\n\nProperty, plant and equipment\n\n\n3,057\n\n\n3,134\n\n\n\nLong-term debt, excluding current portion\n\n\n2,330\n\n\n2,338\n\n\n\nTotal long-term debt\n\n\n2,358\n\n\n2,365\n\n\n\nShareholders' equity\n\n\n1,303\n\n\n1,403\n\nFurther information about the financial results of the Corporation can be found in the Corporation's interim financial statements for the quarter ended March 31, 2014 and accompanying management's discussion and analysis (the \"2014 Q1 MD&A\") which have been filed on SEDAR at www.sedar.com.\n\nAbout Inventronics\n\nInventronics Limited designs and manufactures custom enclosures and other products for an array of customers in the telecommunications, electric utility, cable television, electronics and computer services industries in North America. The Corporation owns its ISO 9001-registered production facility in Brandon, Manitoba.\n\nShares of Inventronics trade on the TSX Venture Exchange under the symbol \"IVX.\" For more information about the Corporation, its products and its services, go to www.inventronics.com.\n\nNon-IFRS Measures\n\nEarnings before interest, tax, depreciation and amortization (\"EBIT...