Business
OneMove Announces Fiscal 2009 Fourth Quarter and Year End Financial Results
OneMove Announces Fiscal 2009 Fourth Quarter and Year End Financial Results
About this update from Osisko Metals Incorporated
[{"type":"text","content":"\nOneMove Announces Fiscal 2009 Fourth Quarter and Year End Financial Results\n\n\n Oct. 28, 2009 (Baystreet.ca) -- Vancouver, BC, October 27, 2009 OneMove Technologies Inc. (“OneMove” or the “Company”) (TSX-V: OM), a provider of a leading web-based real estate transaction platform and the creator of the largest network of conveyancing professionals in British Columbia, announced today its financial results for the three and 12 month periods ended June 30, 2009. All figures are reported in Canadian dollars.\nFiscal 2009 Operational Highlights\n\n Average daily revenues grew to $5,652 in fiscal 2009 from $5,500 in fiscal 2008 General Administration and Expense reductions of $883,000 or 30% from fiscal 2008 Expanded the number of client firms by 34% to 331 from 247 in fiscal 2008 OneMove™ ranked #1 in Business in Vancouver's List of B.C.'s 100 Fastest Growing Companies Completed Software Integration with Chicago Title Insurance Company's Title Insurance Application “CTIC Express” Launched econveyance Certification Programs at College Campuses across British Columbia Recognized by the National Research Council of Canada as a success story Achieved its first ever cash flow break–even month in April 2009 Launched a dedicated web-portal for direct access for econveyance users Released econveyancePro™; a completely rewritten version of its software platform with 29 new features and enhancements \nFiscal 2009 Q4 and Year End Financial Summary \n\nOn March 7, 2008, OneMove completed the sale of its U.K.-based subsidiary, OneMove Limited. As a result, OneMove’s financial results for the 12 months ended June 30, 2009, as well as the three and 12 months ended June 30, 2008, exclude contributions from OneMove Limited and are reported on a continuing operations basis.\n\n \n Q4 \n FY 2009\n Q4 \n FY 2008\n % Change\n FY \n 2009\n FY \n 2008\n % Change\n Revenue\n $483,000\n $492,000\n - 2%\n $1,513,000\n $1,638,000\n - 8%\n EBITDA** \n $57,000\n $(318,000)\n + 118%\n $(532,000)\n $(1,318,000)\n + 60%\n Net Income (loss)\n (*from continuing operations)\n $(218,000)\n $(582,000)*\n + 63%\n $(1,047,000)\n $(1,371,000)*\n + 24%\n Net loss per share \n (*from continuing operations) \n $(0.01)\n $(0.01)*\n 0%\n $(0.02)*\n $(0.02)*\n + 0%\n \n\n\nMr. Johnson commented: “Ent...