Business
OneMove(TM) Reports First Quarter Fiscal 2008 Results
Company achieves 129% year-over-year revenue growth VANCOUVER, Nov. 26 /CNW/ - OneMove Technologi...
About this update from Osisko Metals Incorporated
[{"type":"text","content":"\n\n\n\nCompany achieves 129% year-over-year revenue growth\n\n\nVANCOUVER, Nov. 26 /CNW/ - OneMove Technologies Inc. ("OneMove" or the\n"Company") (TSX-V: OM) announces its financial results for the three-month\nperiod ended September 30, 2007. All results are reported in Canadian dollars\nunless otherwise stated.\n\n\nFirst Quarter Fiscal 2008 Summary\n---------------------------------\n- Revenue of $0.5 million, a 129% increase over Q1 2007\n- Cumulative transactions processed in B.C. increased to approximately\n 15,000, compared to approximately 7,000 in Q1 2007\n- Average daily revenue in B.C. grew to $6,000 from approximately\n $3,000 in Q1 2007\n- EBITDA(x) (as defined at the end of the release) of $(1.1) million,\n compared to $(1.0) million in the first quarter of 2007\n- Net loss of $1.1 million, or $0.02 per share, compared to net loss of\n $1.2 million, or $0.11 per share, in the first quarter of 2007\n- Signed Home Information Pack (HIP) distribution agreement with\n MacDonald Dettwiler and Associates (MDA), the U.K.'s primary HIP\n provider\n- Completed software integration with Expert Agent, the U.K.'s leading\n real estate agency web-enabled administration system\n- Launched econveyance 7.0, adding web-based mortgage processing to\n OneMove's offering in B.C.\n\n\n"Fiscal 2007 was about building a platform for growth, and in Q1 2008, we\nbegan to leverage that platform and deliver measurable results," said Martin\nJohnson President and CEO, OneMove. "In B.C. we saw continued rapid adoption\nof econveyance with our user base doubling over last year. In the U.K., as a\nresult of our software integration with Expert Agent, customer sign-ups\nsignificantly increased."\n\n\nJohnson continued: "Going forward, we expect this growth momentum to\ncontinue. In B.C. we are working to increase revenue per transaction, by\nintegrating with other real estate industry service providers to enhance our\noverall offering. In the U.K., we remain focused on bringing estate agents\nonto our technology platform to drive an increase in transaction volume."\n\n\nFirst Quarter Review\n\n\n--------------------\n\n\nRevenue for Q1 fiscal 2008 grew 129% to $0.5 million, compared to\n$0.2 million for the same period in fiscal 2007. Revenue from Canadian\noperations were $0.4 million, and reve...