Business
Luxell Turnaround Gains Momentum:
Revenues Double and Costs Reduced by 20% Compared to Same Quarter Last Year TORONTO, Jan. 15 /CNW...
About this update from Newlox Gold Ventures Corp.
[{"type":"text","content":"\n\n\n\nRevenues Double and Costs Reduced by 20% Compared to Same Quarter Last\n\n\nYear\n\n\nTORONTO, Jan. 15 /CNW/ - Luxell Technologies Inc. (TSX:LUX) today\nannounced results for the first quarter of fiscal 2008. The Company reported\nthat revenues for the quarter ending November 30, 2007 were $1,457,406, as\ncompared with $726,932 for the quarter ending November 30, 2006. The total net\noperating loss for the first quarter of fiscal 2008 was $889,523 or $0.02 per\nshare compared to a net operating loss of $2,091,368 or $0.04 per share the\nfirst quarter of fiscal 2007.\n\n\nLuxell incurred total expenses of $2,346,929 in the first quarter of 2008\ncompared with $2,818,300 in the first quarter of 2007. The Company continues\nto see growth in its Earnings Before Interest, Tax, Depreciation, and\nAmortization ("EBITDA"), as the company achieved Q1 EBITDA of $(426,050)\ncompared with EBITDA of $(1,925,851) in the same period of fiscal 2007.\n\n\nJean Louis Larmor, Luxell CEO stated, "we are very pleased with these\nresults and we believe that we are only at the beginning of what will be an\nextended period of sales growth for the Company. Luxell has been through a\nvery difficult period during the past two years. What makes this achievement\neven more meaningful is that it has been accomplished with the intense and\ncontinuous efforts of every member of our team. We now feel that the bulk of\nour turnaround plan is behind us."\n\n\nFor more details please see the complete filings posted on the Sedar web\nsite.\n\n\nAbout Luxell\n\n\nLuxell designs, manufactures and licenses flat panel display technologies\nand solutions for defence and avionics industries. More information can be\nfound at www.luxell.com. (C) Luxell Technologies Inc., Luxell and Black Layer\nare trademarks of Luxell Technologies Inc. All other company and/or product\nnames are trademarks and/or registered trademarks of their respective\nmanufacturers.\n\n\n%SEDAR: 00008266E\n\n\n","length":2054,"tagName":"div"}]