NEWS RELEASE. Avcorp announces 2014 Third Quarter Financial Results. November 13, 2014
|
|
- Peter Griffin
- 8 years ago
- Views:
Transcription
1 Avcorp announces 2014 Third Quarter Financial Results Avcorp Industries Inc River Way Delta, British Columbia Canada V4G 1M7 (604) (604) Fax Common Stock Listed Toronto Trading Symbol: AVP November 13, 2014 VANCOUVER: Avcorp Industries Inc. (TSX: AVP) (the Company or Avcorp ) today announced its financial results for the quarter ended September 30, Revenue for the quarter ended September 30, 2014 was $14,675,000 as compared to $19,767,000 for the quarter ended September 30, Current quarter revenues have decreased relative to same quarter in the previous year primarily as a result of a decrease in quantities delivered for two defence programs and one commercial business jet program, in part offset by strong current quarter aircraft component repairs revenue. During the quarter ended September 30, 2014, the Company recorded a loss from operations of $2,321,000 on $14,675,000 revenue, as compared to $211,000 operating loss on $19,767,000 revenue for the same quarter in the preceding year; and a net loss for the current quarter of $2,229,000 as compared to net loss of $1,139,000 for the quarter ended September 30, Cash flows from operating activities during the quarter ended September 30, 2014 utilized $1,152,000 of cash as compared to providing $25,595,000 of cash during the quarter ended September 30, The primary use of cash from operations during the current quarter is due to operating losses reflecting temporary reduced customer demand. During the nine months ended September 30, 2014 the Company utilized $3,276,000 cash from operating activities as compared to providing $21,403,000 cash for the same period in The primary causes of operating cash movement during the nine month period ended September 30, 2014 and 2013 were the same circumstances as existed during the three month periods noted above, however, collection of an Other Receivable during the third quarter 2013 provided cash during As at September 30, 2014 the Company had $1,180,000 cash on hand (December 31, 2013: $7,012,000). The Company has a working capital surplus of $8,797,000 as at September 30, 2014 as compared to a $14,213,000 surplus on December 31, The Company s accumulated deficit as at September 30, 2014 is $61,783,000 (December 31, 2013: $57,723,000). About Avcorp Avcorp designs and builds major airframe structures for some of the world s leading aircraft companies, including BAE Systems, Boeing and Bombardier. With more than 50 years of experience, over 380 skilled employees and 340,000 square feet of facilities in Delta BC and Burlington ON, Avcorp offers integrated composite and metallic aircraft structures to aircraft manufacturers, a distinct advantage in the pursuit of contracts for new aircraft designs, which require lower cost, light weight, strong, reliable structures. Our Burlington location also offers composite repairs for commercial aircraft. Avcorp is a Canadian public company traded on the Toronto Stock Exchange (TSX:AVP). PETER GEORGE CHIEF EXECUTIVE OFFICER, AVCORP GROUP PAGE 1 OF 6
2 Contact: Sandi DiPrimo, Investor Relations Contact or Forward Looking Statements This release should be read in conjunction with the Company s unaudited financial statements contained in the Company s Annual Report and with the quarterly financial statements and accompanying notes filed with Sedar ( Certain statements in this release and other oral and written statements made by the Company from time to time are forward looking statements, including those that discuss strategies, goals, outlook or other non historical matters; or projected revenues, income, returns or other financial measures. These forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements, including the following: (a) the extent to which the Company is able to achieve savings from its restructuring plans; (b) uncertainty in estimating the amount and timing of restructuring charges and related costs; (c) changes in worldwide economic and political conditions that impact interest and foreign exchange rates; (d) the occurrence of work stoppages and strikes at key facilities of the Company or the Company s customers or suppliers; (e) government funding and program approvals affecting products being developed or sold under government programs; (f) cost and delivery performance under various program and development contracts; (g) the adequacy of cost estimates for various customer care programs including servicing warranties; (h) the ability to control costs and successful implementation of various cost reduction programs; (i) the timing of certifications of new aircraft products; (j) the occurrence of further downturns in customer markets to which the Company products are sold or supplied or where the Company offers financing; (k) changes in aircraft delivery schedules or cancellation of orders; (l) the Company s ability to offset, through cost reductions, raw material price increases and pricing pressure brought by original equipment manufacturer customers; (m) the availability and cost of insurance; (n) the Company s ability to maintain portfolio credit quality; (o) the Company s access to debt financing at competitive rates; and (p) uncertainty in estimating contingent liabilities and establishing reserves tailored to address such contingencies. PAGE 2 OF 6
3 CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (unaudited, prepared in accordance with IFRS, expressed in thousands of Canadian dollars) September 30, 2014 December 31, 2013 ASSETS Current assets Cash $ 1,180 $ 7,012 Accounts receivable 8,879 8,845 Inventories 12,461 14,940 Prepayments and other assets 945 1,306 Non current assets 23,465 32,103 Prepaid rent Development costs 3,019 1,240 Property, plant and equipment 8,392 8,704 Total assets 35,022 42,193 LIABILITIES AND EQUITY Current liabilities Accounts payable and accrued liabilities 9,303 7,645 Current portion of long term debt Preferred shares 36 Deferred program revenues 5,084 10,010 Non current liabilities 14,668 17,890 Deferred gain Lease inducement Long term debt Equity 15,395 18,642 Capital stock 77,910 77,681 Contributed surplus 3,500 3,593 Deficit (61,783) (57,723) 19,627 23,551 Total liabilities and equity 35,022 42,193 PAGE 3 OF 6
4 CONSOLIDATED STATEMENTS OF (LOSS) INCOME AND COMPREHENSIVE (LOSS) INCOME (unaudited, prepared in accordance with IFRS, expressed in thousands of Canadian dollars, except number of shares and per share amounts) Three months ended Nine months ended FOR THE PERIOD ENDED SEPTEMBER Revenues $ 14,675 $ 19,767 $ 53,360 $ 60,205 Cost of sales 14,274 16,493 48,898 51,463 Gross profit 401 3,274 4,462 8,742 Administrative and general expenses 2,579 2,816 8,220 8,292 Office equipment depreciation Other operating (income) loss 525 (604) Operating (Loss) Income (2,321) (211) (4,190) 622 Finance costs net Foreign exchange (gain) loss (108) 644 (173) (783) Write down and loss on disposal of equipment 7 (Loss) Income before income tax (2,229) (1,139) (4,060) 565 Income tax expense (Loss) Income and total comprehensive (loss) income for the period (2,229) (1,139) (4,060) 565 (Loss) Earnings per share: Basic (loss) earnings per common share (0.01) (0.00) (0.01) 0.00 Diluted (loss) earnings per common share (0.01) (0.00) (0.01) 0.00 Basic weighted average number of shares outstanding (000 s) 283, , , ,344 Diluted weighted average number of shares outstanding (000 s) 283, , , ,877 PAGE 4 OF 6
5 CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited, prepared in accordance with IFRS, expressed in thousands of Canadian dollars) Three months ended Nine months ended FOR THE PERIOD ENDED SEPTEMBER Cash flows from (used in) operating activities (Loss) Income before income tax $ (2,229) $ (1,139) $ (4,060) $ 565 Adjustment for items not affecting cash: Accrued interest and government royalties Depreciation ,192 1,561 Development cost amortization ,855 Loss on settlement Preferred share dividends accrued Provision for loss making contracts Provision for obsolete inventory (9) (156) 40 (259) Write down and loss on disposal of equipment 7 Other items (4) 7 (81) (15) (1,685) 886 (2,641) 5,070 Changes in non cash working capital Accounts receivable 954 (251) 1, Inventories (97) (197) 2,341 (86) Prepayments and other assets Other receivables 29,380 26,832 Accounts payable and accrued liabilities (463) (1,003) 1,645 (313) Deferred program revenues 2 (3,400) (6,919) (11,372) Net cash from (used in) operating activities (1,152) 25,595 (3,276) 21,403 Cash flows from (used in) investing activities Proceeds from sale of equipment Purchase of equipment (127) (218) (917) (646) Payments relating to development costs and tooling (511) (25) (1,916) (335) Net cash from (used in) investing activities (617) (243) (2,244) (981) Cash flows from (used in) financing activities Increase (Decrease) in bank indebtedness (6,496) (2,122) Payment of interest (11) (95) (28) (277) Proceeds from issuance of common shares 142 1,249 Redemption of preferred shares and accrued dividends (36) Repayment of current and long term debt (67) (170) (390) (466) Net cash from (used in) financing activities (78) (6,761) (312) (1,616) Net increase (decrease) in cash (1,847) 18,591 (5,832) 18,806 Cash Beginning of period 3,027 2,812 7,012 2,597 Cash End of period 1,180 21,403 1,180 21,403 PAGE 5 OF 6
6 CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited, prepared in accordance with IFRS, expressed in thousands of Canadian dollars, except number of shares) Share capital Shares Amount Contributed surplus Deficit Total equity Balance December 31, ,898,072 $ 76,423 $ 3,539 $ (55,375) $ 24,587 Issue of common shares 25,493,080 1,258 1,258 Stock based compensation expense Income for the period Balance September 30, ,391,152 77,681 3,584 (54,810) 26,455 Balance December 31, ,391,152 77,681 3,593 (57,723) 23,551 Issue of common shares 2,691, Stock based compensation expense (6) (6) Transfer to share capital on exercise of stock options 87 (87) Loss for the period (4,060) (4,060) Balance September 30, ,082,652 77,910 3,500 (61,783) 19,627 PAGE 6 OF 6
First quarter ended March 31, 2013 Sales at $422 million and adjusted earnings at $7 million
170 INDUSTRIEL BLVD. BOUCHERVILLE (QUÉBEC) CANADA, J4B 2X3 TEL: (450) 641-2440 FAX: (450) 449-4908 PRESS RELEASE First quarter ended March 31, 2013 Sales at $422 million and adjusted earnings at $7 million
More informationFor Immediate Release Toronto Stock Exchange Symbol: RC
For Immediate Release Toronto Stock Exchange Symbol: RC RDM Corporation Reports Third Quarter Financial Results Payment Processing Services Revenue grows 15% year over year WATERLOO, ON, July 26, 2012
More informationWestern Energy Services Corp. Condensed Consolidated Financial Statements September 30, 2015 and 2014 (Unaudited)
Condensed Consolidated Financial Statements September 30, 2015 and 2014 (Unaudited) Condensed Consolidated Balance Sheets (Unaudited) (thousands of Canadian dollars) Note September 30, 2015 December 31,
More informationCondensed Consolidated Interim Financial Statements of. Three and six months ended March 31, 2016. (Unaudited in U.S. dollars)
Condensed Consolidated Interim Financial Statements of Three and six months ended, 2016 (Unaudited in U.S. dollars) 1 Condensed Consolidated Interim Balance Sheets (Amounts in thousands of U.S. Dollars)
More informationTower International Reports Solid Third Quarter And Raises Full Year Outlook
FOR IMMEDIATE RELEASE Tower International Reports Solid Third Quarter And Raises Full Year Outlook LIVONIA, Mich., November 3, 2011 Tower International, Inc. [NYSE: TOWR], a leading integrated global manufacturer
More informationDATA GROUP LTD. ANNOUNCES FIRST QUARTER RESULTS FOR 2014
For Immediate Release DATA GROUP LTD. ANNOUNCES FIRST QUARTER RESULTS FOR 2014 HIGHLIGHTS Q1 2014 First quarter 2014 ( Q1 ) Revenues of 77.9 million, Q1 Gross Profit of 18.8 million and Q1 Net Income of
More informationNOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS
Condensed Interim Consolidated Financial Statements of THE BRICK LTD. For the three months ended March 31, 2013 NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS Under National Instrument 51-102,
More informationPostmedia Reports Third Quarter Results
Postmedia Reports Third Quarter Results July 7, 2016 (TORONTO) Postmedia Network Canada Corp. ( Postmedia or the Company ) today released financial information for the three and nine months ended 2016.
More informationVillage Farms International Announces Year End 2014 Results and Adoption of Advance Notice By-Law
March 18, 2015 TRADING SYMBOL: The Toronto Stock Exchange: Village Farms International, Inc. VFF Village Farms International Announces Year End 2014 Results and Adoption of Advance Notice By-Law Vancouver,
More informationHow To Profit From A Strong Dollar
For Immediate Release MERCER INTERNATIONAL INC. REPORTS STRONG 2015 THIRD QUARTER RESULTS ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.115 NEW YORK, NY, October 29, 2015 - Mercer International Inc. (Nasdaq:
More informationSierra Wireless Reports Second Quarter 2015 Results
Sierra Wireless Reports Second Quarter 2015 Results Q2 2015 revenue of $158 million; 17% year-over-year growth Record revenue of $158.0 million, an increase of 17.0% compared to Q2 2014 Non-GAAP earnings
More informationCOMPANY CONTACTS: Jay S. Hennick Founder & CEO. D. Scott Patterson President & COO (416) 960-9500
COMPANY CONTACTS: Jay S. Hennick Founder & CEO D. Scott Patterson President & COO John B. Friedrichsen Senior Vice President & CFO (416) 960-9500 FOR IMMEDIATE RELEASE FirstService Reports Record Fourth
More informationHolloway Lodging Corporation. Interim Consolidated Condensed Financial Statements (Unaudited) June 30, 2015 (in thousands of Canadian dollars)
Interim Consolidated Condensed Financial Statements August 12, Management s Report The accompanying unaudited interim consolidated condensed financial statements of Holloway Lodging Corporation (the Company
More informationDATA GROUP LTD. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS FOR 2015
For Immediate Release DATA GROUP LTD. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS FOR 2015 SECOND QUARTER HIGHLIGHTS Second quarter 2015 ( Q2 ) Revenues of $73.4 million, a decrease of 4.3% year over year
More informationBIOX ANNOUNCES 2016 FIRST QUARTER RESULTS
PRESS RELEASE TSX symbol: BX BIOX ANNOUNCES 2016 FIRST QUARTER RESULTS TORONTO, February 4, 2016 - BIOX Corporation (BIOX) (TSX: BX), a renewable energy company that designs, builds, owns and operates
More informationTower International Posts Third Quarter 2010 Adjusted EBITDA of $39.1 million
For Immediate Release Derek Fiebig Director, Investor & External Relations (248) 675-6457 fiebig.derek@towerautomotive.com Tower International Posts Third Quarter 2010 of $39.1 million LIVONIA, Mich.,
More informationATS AUTOMATION TOOLING SYSTEMS INC.
Interim Consolidated Financial Statements For the period ended June 29, 2014 (Unaudited) (Condensed) Interim Consolidated Statements of Financial Position (in thousands of Canadian dollars unaudited) June
More informationCARDIOME PHARMA CORP.
Consolidated Financial Statements (Expressed in thousands of United States (U.S.) dollars) (Prepared in accordance with generally accepted accounting principles used in the United States of America (U.S.
More informationInterim Condensed Consolidated Financial Statements TEXADA SOFTWARE INC. For the three months ended March 31, 2012 and 2011 (Unaudited)
Interim Condensed Consolidated Financial Statements TEXADA SOFTWARE INC. For the three months ended March 31, 2012 and 2011 (Unaudited) MANAGEMENT S COMMENTS ON UNAUDITED INTERIM CONSOLIDATED FINANCIAL
More informationCorus Entertainment Announces Fiscal 2014 Third Quarter Results
Corus Entertainment Announces Fiscal 2014 Third Quarter Results Consolidated revenues up 14% for the quarter and 11% year to date Consolidated segment profit up 23% for the quarter and 16% year to date
More informationQuarterly Report. For the three month period ended. April 30, 2015
Quarterly Report For the three month period ended April 30, 2015 The attached unaudited interim condensed consolidated financial statements have been prepared by Management of International Datacasting
More informationQuick Reference Guide toJapan's Financial Statements in 2014
CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) For the three months ended 2015 and 2014 This page intentionally left blank. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
More informationJOHN WILEY & SONS, INC. UNAUDITED SUMMARY OF OPERATIONS FOR THE FIRST QUARTER ENDED JULY 31, 2011 AND 2010 (in thousands, except per share amounts)
UNAUDITED SUMMARY OF OPERATIONS FOR THE FIRST QUARTER ENDED JULY 31, 2011 AND 2010 (in thousands, except per share amounts) US GAAP First Quarter Ended Revenue $ 430,069 407,938 5% Costs and Expenses Cost
More informationTORSTAR CORPORATION REPORTS SECOND QUARTER RESULTS
PRESS RELEASE TORSTAR CORPORATION REPORTS SECOND QUARTER RESULTS TORONTO, ONTARIO (Marketwired July 30, 2014) Torstar Corporation (TSX:TS.B) today reported financial results for the second quarter ended
More informationACER INCORPORATED AND SUBSIDIARIES. Consolidated Balance Sheets
Consolidated Balance Sheets June 30, 2015, December 31, 2014, and (June 30, 2015 and 2014 are reviewed, not audited) Assets 2015.6.30 2014.12.31 2014.6.30 Current assets: Cash and cash equivalents $ 36,400,657
More informationConsolidated Statement of Profit or Loss (in million Euro)
Consolidated Statement of Profit or Loss (in million Euro) Q3 2014 Q3 2015 % change 9m 2014 9m 2015 % change Revenue 636 661 3.9% 1,909 1,974 3.4% Cost of sales (440) (453) 3.0% (1,324) (1,340) 1.2% Gross
More information! "#$ %&!& "& ' - 3+4 &*!&-.,,5///2!(.//+ & $!- )!* & % +, -).//0)& 7+00///2 *&&.4 &*!&- 7.00///2 )!*.//+ 8 -!% %& "#$ ) &!&.
! "#!""#$%$#$#$"& $'"()*+,$-).,/ 012! "#$ %&!& "& '!(&)!*&%+,-).//0 -#$#3-4' &,'1$1# $!-!(.//0)& +01+///2 *&& - 3+4 &*!&-.,,5///2!(.//+ &!(!-6%(!(.//.$(!(.//0)& 01,///2 //+2% &*!&- 5,0///2 //32%!(.//+
More information5N PLUS INC. Condensed Interim Consolidated Financial Statements (Unaudited) For the three month periods ended March 31, 2016 and 2015 (in thousands
Condensed Interim Consolidated Financial Statements (Unaudited) (in thousands of United States dollars) Condensed Interim Consolidated Statements of Financial Position (in thousands of United States dollars)
More informationMajor Drilling Reports First Quarter Results and Declares Dividend
NEWS RELEASE Major Drilling Reports First Quarter Results and Declares Dividend MONCTON, New Brunswick (September 3, 2014) Major Drilling Group International Inc. (TSX: MDI) today reported results for
More informationAbacus Mining & Exploration Corporation (an exploration stage company) Condensed Interim Financial Statements September 30, 2013.
Abacus Mining & Exploration Corporation (an exploration stage company) Condensed Interim Financial Statements 2013 (Unaudited) (Expressed in Canadian dollars) Index Page Notice to reader 2 Financial statements:
More informationNIGHTINGALE REPORTS FISCAL 2014 RESULTS
NIGHTINGALE REPORTS FISCAL 2014 RESULTS Markham, ON, July 31, 2014 Nightingale Informatix Corporation ( Nightingale or the Company ) (TSX-V: NGH), an application service provider (ASP) of electronic health
More informationWESTERN DIGITAL CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS. (in millions; unaudited) ASSETS
CONDENSED CONSOLIDATED BALANCE SHEETS (in millions; unaudited) ASSETS Apr. 1, July 3, 2016 2015 Current assets: Cash and cash equivalents $ 5,887 $ 5,024 Short-term investments 146 262 Accounts receivable,
More information(Formerly CVTech Group Inc.)
(Formerly CVTech Group Inc.) Condensed Interim Consolidated Financial Statements For the three months ended, 2014 Consolidated Statement of Financial Position (in thousands of Canadian dollars) December
More informationEIGHT SOLUTIONS INC.
June 30, 2015 NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS Under National Instrument 51-102, part 4, subsection 4.3(3)(a), if an auditor has not performed a review of the condensed consolidated
More informationQUARTERLY AND YEAR END REPORT BC FORM 51-901F (previously Form 61)
British Columbia Securities Commission QUARTERLY AND YEAR END REPORT BC FORM 51-901F (previously Form 61) INCORPORATED AS PART OF: X Schedule A Schedules B and C (Place X in appropriate category.) ISSUER
More informationInterim Condensed Consolidated Financial Statements NOBLE IRON INC. For the three months ended March 31, 2014 and 2013 (Unaudited)
Interim Condensed Consolidated Financial Statements NOBLE IRON INC. MANAGEMENT S COMMENTS ON UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL
More informationNORWEGIAN CRUISE LINE HOLDINGS LTD. CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited, in thousands, except share and per share data)
CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited, in thousands, except share and per share data) Revenue Passenger ticket $ 583,923 $ 490,322 $ 1,400,470 $ 1,257,871 Onboard and other 213,962 184,089 569,479
More informationViridis Energy Reports Nine Months & Third Quarter 2015 Financial Results Gross Profit Increases to $717,000 in Third Quarter
Viridis Energy Reports Nine Months & Third Quarter 2015 Financial Results Gross Profit Increases to $717,000 in Third Quarter Vancouver, BC November 16, 2015 Viridis Energy Inc. ("Viridis" or the "Company")
More informationConsolidated financial statements of. BIOX Corporation. For the three month periods ended December 31, 2010 and 2009. (Unaudited)
Consolidated financial statements of BIOX Corporation Table of contents Consolidated statements of operations and comprehensive income (loss)... 1 Consolidated statements of deficit... 2 Consolidated balance
More informationeqube Gaming Limited Management Discussion and Analysis For the Three and Nine Month Periods Ended November 30, 2015
FORM 51-102F1 1. Introduction The following management s discussion and analysis ( MD&A ) for eqube Gaming Limited (the Company ) should be read in conjunction with the Company s unaudited condensed interim
More informationWEYCO REPORTS THIRD QUARTER SALES AND EARNINGS
WEYCO REPORTS THIRD QUARTER SALES AND EARNINGS (Milwaukee, Wisconsin---November 4, 2014) Weyco Group, Inc. (NASDAQ:WEYS) (the Company ) today announced financial results for the quarter ended September
More informationDTS CORPORATION and Consolidated Subsidiaries. Unaudited Quarterly Consolidated Financial Statements for the Three Months Ended June 30, 2008
DTS CORPORATION and Consolidated Subsidiaries Unaudited Quarterly Consolidated Financial Statements for the Three Months Ended June 30, 2008 DTS CORPORATION and Consolidated Subsidiaries Quarterly Consolidated
More informationNEWS FOR IMMEDIATE RELEASE RUSSEL METALS ANNOUNCES STRONGER SECOND QUARTER 2010 NET EARNINGS
NEWS FOR IMMEDIATE RELEASE RUSSEL METALS ANNOUNCES STRONGER SECOND QUARTER 2010 NET EARNINGS TORONTO, CANADA August 11, 2010 -- Russel Metals Inc. (RUS TSX) today announced second quarter earnings of $19
More informationConsolidated Balance Sheets
Consolidated Balance Sheets March 31 2015 2014 2015 Assets: Current assets Cash and cash equivalents 726,888 604,571 $ 6,057,400 Marketable securities 19,033 16,635 158,608 Notes and accounts receivable:
More informationInterim Financial Statements. Opsens Inc. (after merger) Three-month period ended November 30, 2006
Interim Financial Statements Opsens Inc. (after merger) Three-month period ended Interim Financial Statements Three-month period ended Notice These interim financial statements have not been reviewed by
More informationInterfor Corporation Vancouver, BC February 11, 2016
Interfor Corporation Vancouver, BC February 11, 2016 Interfor Posts Improved Results in Q4 15 Adjusted EBITDA of $35.8 Million Reflects Higher Prices and Progress on Key Business Initiatives; Thomas V.
More informationCondensed Interim Consolidated Financial Statements
Khan Resources Inc. Condensed Interim Consolidated Financial Statements June 30, 2015 In thousands of Canadian dollars (unaudited) NOTICE OF NO AUDITOR REVIEW OF INTERIM STATEMENTS The accompanying unaudited
More informationLEXAM VG GOLD INC. CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS March 31, 2015 (Unaudited)
CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS March 31, 2015 (Unaudited) INDEX Page Condensed Interim Consolidated Statements of Financial Position 3 Condensed Interim Consolidated Statements of
More informationTITAN MEDICAL INC. Unaudited Condensed Interim Financial Statements Three and Six Months Ended June 30, 2013 and 2012
Unaudited Condensed Interim Financial Statements Three and and 2012 Unaudited Condensed Interim Balance Sheets As at June 30, 2013 and December 31, 2012 ASSETS CURRENT June 30, 2013 December 31, 2012 Cash
More informationNature of operations and basis of preparation (Note 1) Commitments and contingencies (Note 10) Subsequent events (Note 12)
Unaudited Interim Consolidated Financial Statements For the nine months ended September 30, 2005 Contents Interim Consolidated Financial Statements Interim Consolidated Balance Sheets Interim Consolidated
More informationAmerigo Resources Ltd. Condensed Consolidated Interim Financial Statements For the quarter ended March 31, 2012 Unaudited (expressed in U.S.
Condensed Consolidated Interim Financial Statements For the quarter Unaudited Condensed Consolidated Interim Statements of Financial Position - Unaudited December 31, Notes Assets Current assets Cash and
More informationAbacus Mining & Exploration Corporation (an exploration stage company) Condensed Interim Financial Statements March 31, 2013.
Abacus Mining & Exploration Corporation (an exploration stage company) Condensed Interim Financial Statements 2013 (Unaudited) (Expressed in Canadian dollars) Index Page Notice to reader 2 Financial statements:
More informationLES EXPLOSIFS NORDEX LTEE/NORDEX EXPLOSIVES LTD.
LES EXPLOSIFS NORDEX LTEE/NORDEX EXPLOSIVES LTD. INTERIM MANAGEMENT DISCUSSION AND ANALYSIS of Financial Condition and Results of Operations for the three months ended September 30, 2005 Dated: November
More informationSEAGATE TECHNOLOGY PLC CONDENSED CONSOLIDATED BALANCE SHEETS
CONDENSED CONSOLIDATED BALANCE SHEETS (In millions) June 28, ASSETS Current assets: Cash and cash equivalents $ 2,259 $ 1,708 Short-term investments 47 480 Restricted cash and investments 4 101 Accounts
More informationTITAN MEDICAL INC. Unaudited Condensed Interim Financial Statements Three and Nine Months Ended September 30, 2014 and 2013 (IN UNITED STATES DOLLARS)
Unaudited Condensed Interim Financial Statements and 2013 (IN UNITED STATES DOLLARS) Unaudited Condensed Interim Balance Sheets As at September 30, 2014 and December 31, 2013 ASSETS CURRENT September 30,
More informationMASUPARIA GOLD CORPORATION
CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS THREE MONTHS ENDED DECEMBER 31, 2011 and 2010 (expressed in Canadian Dollars) NOTICE TO READERS Under National Instrument 51-102, Part 4.3 (3)(a), if
More informationWE ARE DEFINED BY OUR VALUES
Q1 DATA GROUP LTD. Quarter One ended March 31, 2014 WE ARE DEFINED BY OUR VALUES Our success owes much to a set of corporate values which define and drive our culture. We will be innovative, indeed visionary,
More informationDigger Resources Inc.
Financial Statements of Digger Resources Inc. Six Months ended January 31, NOTICE TO READER The accompanying unaudited interim financial statements of Digger Resources Inc. for the six months ended January
More informationWAJAX ANNOUNCES IMPROVED SECOND QUARTER 2003 EARNINGS
News Release TSE Symbol: WJX WAJAX ANNOUNCES IMPROVED SECOND QUARTER 2003 EARNINGS (Dollars in millions, except per share data) Three Months Ended June 30 Six Months Ended June 30 2003 2002 2003 2002 Revenue
More informationBlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability
NEWS RELEASE FOR IMMEDIATE RELEASE June 19, BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability Waterloo, ON BlackBerry Limited (NASDAQ: BBRY; TSX: BB), a global leader in mobile communications,
More informationAltus Group Reports First Quarter Financial Results for 2015
Street Smart. World Wise. Altus Group Reports First Quarter Financial Results for 2015 Altus Group Delivers 14% Revenue Growth, Including 43% Increase in Recurring Revenues from GAIM Businesses TORONTO,
More informationCONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Expressed in Canadian Dollar) and 2007 Index Balance Sheets Statements of Operations, Comprehensive Loss and Deficit Statements of Cash Flows Notes to Financial
More informationInterim Condensed Consolidated Financial Statements NOBLE IRON INC. For the three months ended March 31, 2015 and 2014 (Unaudited)
Interim Condensed Consolidated Financial Statements NOBLE IRON INC. MANAGEMENT S COMMENTS ON UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL
More informationBurlington Stores, Inc. Announces Operating Results for the Fourth Quarter and Fiscal Year Ended February 1, 2014
FOR IMMEDIATE RELEASE Burlington Stores, Inc. Announces Operating Results for the Fourth Quarter and Fiscal Year Ended February 1, 2014 Comparable store sales increased 4.0% and 4.7%, for the fourth quarter
More information(unaudited expressed in Canadian Dollars)
Condensed Consolidated Interim Financial Statements of CARGOJET INC. For the three month periods ended (unaudited expressed in Canadian Dollars) This page intentionally left blank Condensed Consolidated
More informationnews CTS CORPORATION Elkhart, Indiana 46514 574-523-3800
- news CTS CORPORATION Elkhart, Indiana 46514 574-523-3800 FOR RELEASE: Immediately October 26, 2015 CTS ANNOUNCES THIRD QUARTER 2015 RESULTS Delivers solid operating results despite soft sales Addressing
More informationTUCKAMORE CAPITAL MANAGEMENT INC.
Consolidated Interim Financial Statements of TUCKAMORE CAPITAL MANAGEMENT INC. Three and Six Months Ended June 30, 2013 and 2012 (Unaudited) These statements have not been reviewed by an independent firm
More informationFINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED MARCH 31, 2013
FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED MARCH 31, 2013 (EXPRESSED IN CANADIAN DOLLARS) Notice to Reader These interim financial statements of Resinco Capital Partners Inc. have been prepared by
More informationOPAWICA EXPLORATIONS INC.
(An Exploration Stage Company) CONDENSED INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED FEBRUARY 28, 2015 AND 2014 UNAUDITED NO AUDITOR REVIEW OF CONDENSED INTERIM FINANCIAL STATEMENTS These unaudited
More informationUNIQUE BROADBAND SYSTEMS ANNOUNCES FIRST QUARTER RESULTS Company s rebuilding efforts on track
UNIQUE BROADBAND SYSTEMS ANNOUNCES FIRST QUARTER RESULTS Company s rebuilding efforts on track Toronto, Canada (October 30, 2002) Unique Broadband Systems, Inc. (TSX Venture: UBS) today reported its results
More informationRadiant Communications Announces 2010 Year-End Results
Radiant Communications Announces 2010 Year-End Results Vancouver, Canada, April 4, 2011 - Radiant Communications Corp. ( Radiant ) (TSX- V:RCN), Canada's leading supplier of Broadband Solutions for Business,
More informationViridis Energy Reports First Half & Second Quarter 2015 Financial Results Revenue increases by 18% YTD
Viridis Energy Reports First Half & Second Quarter 2015 Financial Results Revenue increases by 18% YTD Vancouver, BC August 18, 2015 Viridis Energy Inc. ("Viridis" or the "Company") (TSXV:VRD) (OTC:VRDSF),
More informationFALCON OIL & GAS LTD.
Interim Condensed Consolidated Financial Statements Three and Six Months Ended June 30, 2012 and 2011 (Presented in U.S. Dollars) Interim Condensed Consolidated Statements of Financial Position (Unaudited)
More informationCondensed Interim Financial Statements Fiscal 2013 First Quarter (Unaudited) For the three months ended July 31, 2012 and 2011
Condensed Interim Financial Statements Fiscal 2013 First Quarter (Unaudited) CRITICAL OUTCOME TECHNOLOGIES INC Page 2 Condensed Interim Financial Statements Table of Contents Notice of No Audit or Review
More informationRESEARCH IN MOTION REPORTS FOURTH QUARTER AND YEAR-END RESULTS FOR FISCAL 2009
FOR IMMEDIATE RELEASE April 2, 2009 RESEARCH IN MOTION REPORTS FOURTH QUARTER AND YEAR-END RESULTS FOR FISCAL 2009 Waterloo, Ontario Research In Motion Limited (RIM) (Nasdaq: RIMM; TSX: RIM), a world leader
More informationConsolidated Statements of Assets Sold and Liabilities Transferred and Revenue and Direct Expenses of the Gateway Professional Business
Consolidated Statements of Assets Sold and Liabilities Transferred and Revenue and Direct Expenses of the Gateway Professional Business As of December 31, 2005, and 2006 and September 30, 2007 (unaudited)
More informationAMAZON.COM, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions)
CONSOLIDATED STATEMENTS OF CASH FLOWS CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD $ 8,084 $ 5,269 $ 3,777 OPERATING ACTIVITIES: Net income (loss) 274 (39) 631 Adjustments to reconcile net income (loss)
More informationMOUNTAIN EQUIPMENT CO-OPERATIVE
Consolidated Financial Statements of MOUNTAIN EQUIPMENT CO-OPERATIVE KPMG LLP PO Box 10426 777 Dunsmuir Street Vancouver BC V7Y 1K3 Canada Telephone (604) 691-3000 Fax (604) 691-3031 Internet www.kpmg.ca
More informationInmet Mining announces third quarter results
Inmet Mining announces third quarter results All amounts are in Canadian dollars, unless otherwise stated. TORONTO, Oct. 24, 2002 / - Inmet Mining Corporation reported net income in the third quarter of
More informationNews Release. Circa Reports Sales and Operating results for the Second Quarter Ended June 30, 2015
August 6, 2015 For Immediate Release News Release Circa Reports Sales and Operating results for the Second Quarter Ended June 30, 2015 Calgary, AB Circa Enterprises Inc. (CTO-TSXV) (the "Company" or "Circa"),
More informationASML - Summary IFRS Consolidated Statement of Profit or Loss 1,2
ASML - Summary IFRS Consolidated Statement of Profit or Loss 1,2 Three months ended, Nine months ended, Sep 28, Sep 27, Sep 28, Sep 27, 2014 2015 2014 2015 Net system sales 884.5 975.3 3,157.5 3,356.3
More informationW.W. Grainger, Inc. First Quarter 2015 Results Page 1 of 9
W.W. Grainger, Inc. First Quarter 2015 Results Page 1 of 9 News Release GRAINGER REPORTS RESULTS FOR THE 2015 FIRST QUARTER Revises 2015 Guidance Quarterly Summary Sales of $2.4 billion, up 2 percent Operating
More informationCEMATRIX CORPORATION Consolidated Financial Statements (in Canadian dollars) September 30, 2015
Consolidated Financial Statements September 30, 2015 Management s Responsibility for Financial Reporting and Notice of No Auditor Review of the Interim Consolidated Financial Statements for the Three and
More informationico Therapeutics Inc. Condensed Interim Financial Statements (Unaudited) September 30, 2012 and 2011 (in Canadian dollars)
Condensed Interim Financial Statements (Unaudited) September 30, 2012 and 2011 Balance Sheet (Unaudited) Assets Note September 30, 2012 December 31, 2011 Current assets Cash and cash equivalents 1,478,167
More informationBOYD GROUP INCOME FUND
BOYD GROUP INCOME FUND INTERIM REPORT TO UNITHOLDERS Three Months Ended March 31, 2006 BOYD GROUP INCOME FUND INTERIM REPORT TO UNITHOLDERS Three Months Ended March 31, 2006 To our Unitholders, For the
More informationACADIAN TIMBER CORP. REPORTS FOURTH QUARTER AND YEAR-END RESULTS
News Release Investors, analysts and other interested parties can access Acadian Timber Corp. s 2015 Fourth Quarter Results conference call via webcast on Thursday, February 11, 2016 at 1:00 p.m. ET at
More informationManagement Discussion and Analysis of Financial Position and Operating Results
Management Discussion and Analysis of Financial Position and Operating Results The purpose of this analysis is to provide the reader with an overview of how the financial position of Héroux-Devtek Inc.
More informationINTEMA SOLUTIONS Inc.
INTEMA SOLUTIONS Inc. Interim Financial Statement (unaudited) For three and six months period ending June 30th 2010 and June 30th 2009. NOTICE REQUIRED UNDER INSTRUMENT 51-102 «CONTINUOUS DISCLOSURE OBLIGATIONS»
More informationRESEARCH IN MOTION REPORTS SECOND QUARTER RESULTS
FOR IMMEDIATE RELEASE September 16, RESEARCH IN MOTION REPORTS SECOND QUARTER RESULTS Waterloo, ON Research In Motion Limited (RIM) (Nasdaq: RIMM; TSX: RIM), a world leader in the mobile communications
More informationKYODO PRINTING CO., LTD. and Consolidated Subsidiaries
KYODO PRINTING CO., LTD. and Consolidated Subsidiaries Interim Consolidated Financial Statements (Unaudited) for the, Interim Consolidated Balance Sheets, as compared with March 31, (Unaudited) ASSETS,
More informationAL MEERA CONSUMER GOODS COMPANY (Q.S.C.) DOHA - QATAR
DOHA - QATAR INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) FOR THE THREE MONTH PERIOD ENDED 31 MARCH INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) For the three month
More informationSymbility Solutions Inc. Interim Condensed Consolidated Financial Statements (Unaudited) Quarter ended March 31, 2016
Interim Condensed Consolidated Financial Statements (Unaudited) Quarter ended Interim Consolidated Statements of Financial Position (Unaudited - In thousands of Canadian dollars) As at Note March 31, 2016
More informationSANDVINE REPORTS Q3 2015 RESULTS
PRESS RELEASE SANDVINE REPORTS Q3 2015 RESULTS Waterloo, Canada; October 8, 2015 Sandvine, (TSX:SVC) a leading provider of intelligent network policy control solutions for fixed and mobile operators, today
More information2-8. Identify whether each of the following items increases or decreases cash flow:
Problems 2-8. Identify whether each of the following items increases or decreases cash flow: Increase in accounts receivable Increase in notes payable Depreciation expense Increase in investments Decrease
More informationAmerigo Announces 2011 Financial Results
March 5, 2012 N.R. 2012-02 Amerigo Announces Financial Results Net earnings of $8.7 million Operating cash flow of $20 million Dividends of $6.8 million paid in VANCOUVER, BRITISH COLUMBIA March 5, 2012/Amerigo
More information(2)Adoptions of simplified accounting methods and accounting methods particular to the presentation of quarterly financial statements: None
Financial Statement for the Six Months Ended September 30, 2015 Name of listed company: Mipox Corporation Stock Code: 5381 (URL http://www.mipox.co.jp) Name and Title of Representative: Jun Watanabe, President
More informationZebra Technologies Announces Record Sales for Second Quarter of 2006
FOR IMMEDIATE RELEASE Zebra Technologies Announces Record Sales for Second Quarter of 2006 Vernon Hills, IL, July 26, 2006 Zebra Technologies Corporation (NASDAQ: ZBRA) today announced that net income
More informationRESEARCH IN MOTION REPORTS YEAR-END AND FOURTH QUARTER RESULTS FOR FISCAL 2010
FOR IMMEDIATE RELEASE March 31, 2010 RESEARCH IN MOTION REPORTS YEAR-END AND FOURTH QUARTER RESULTS FOR FISCAL 2010 Waterloo, ON Research In Motion Limited (RIM) (Nasdaq: RIMM; TSX: RIM), a world leader
More informationTHERATECHNOLOGIES INC.
Interim Consolidated Financial Statements of (In thousands of Canadian dollars) THERATECHNOLOGIES INC. Table of Contents Page Interim Consolidated Financial Positions 1 Interim Consolidated Statements
More information