Business
Inventronics Announces 2014 Q2 Financial Results
CALGARY , Aug. 26, 2014 /CNW/ - Inventronics Limited ("Inventronics" or the "Corporation"...
About this update from Inventronics Limited
[{"type":"text","content":"\n\nCALGARY, Aug. 26, 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 second quarter financial results.\n\nFor the three months ended June 30, 2014, Inventronics reported net income of $21,000, or 0.5 cents per share, on revenue of $1,422,000 compared to net income of $49,000, or 1.1 cents per share, on revenue of $1,403,000, for the three months ended June 30, 2013. For the six months ended June 30, 2014, Inventronics reported a net loss of $81,000, or 1.8 cents per share, on revenue of $2,552,000 compared to a net loss of $61,000, or 1.4 cents per share, on revenue of $2,545,000, for the six months ended June 30, 2013.\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\nThree Months Ended\n\n\nSix Months Ended\n\n\n\n\nJune 30\n\n      2014\n\n\nJune 30\n\n     2013\n\n\nJune 30\n\n2014\n\n\nJune 30\n\n2013\n\n\n\n\n\n\n\n\n\nRevenue\n\n\n1,422\n\n\n1,403\n\n\n2,552\n\n\n2,545\n\n\n\nEBITDA\n\n\n148\n\n\n179\n\n\n173\n\n\n209\n\n\n\nNet income (loss)\n\n\n21\n\n\n49\n\n\n(81)\n\n\n(61)\n\n\n\nBasic earnings (loss) per share\n\n\n0.5¢\n\n\n1.1¢\n\n\n(1.8)¢\n\n\n(1.4)¢\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\nJune 30\n\n2014\n\n\nDecember 31\n\n2013\n\n\n\n\n\n\n\nWorking capital\n\n\n638\n\n\n577\n\n\n\nProperty, plant and equipment\n\n\n2,977\n\n\n3,134\n\n\n\nLong-term debt, excluding current portion\n\n\n2,320\n\n\n2,338\n\n\n\nTotal long-term debt\n\n\n2,351\n\n\n2,365\n\n\n\nShareholders' equity\n\n\n1,324\n\n\n1,403\n\n \n\n \n\nFurther information about the financial results of the Corporation can be found in the Corporation's interim financial statements for the quarter ended June 30, 2014 and accompanying management's discussion and analysis (the \"2014 Q2 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 ...