Symbol: CXG.A-CDNX
www.clemex.com
Shares Outstanding: 30,999,810
MONTREAL,
March 19, 2013 /CNW Telbec/ - Clemex
Technologies Inc. (TSXV: CXG.A), designer and manufacturer of Image
Analysis systems and software for microscopy applications,
announces its financial results for the third Quarter of FY2013
ending January 31st, 2013.
For this third Quarter, sales reached $1,494,978 a decrease of 8.5% compared to the
same period last year. The Corporation ends this quarter with a Net
Result of $17,669 compared to a Net
Result of $66,341 posted last year.
For the nine month period of FY2013, sales reached $4,370,581 compared to $4,289,280 last year while the Company posted a
Net Result of $74,451 compared to a
Net Result of $32,098 for the same
period last year.
During this third Quarter, the Corporation made
several sales to clients in the manufacturing sector in
North America: CamCraft, IL, Exxon
Mobil, TX, Charter Automotive, WI, LM Enterprises, FL, Federal
Mogul, MI and Blue Water, IL. As for the International side,
the Corporation made major sales to West Pharma, Germany and to its Distributor in Turkey, Karfo-Endustriyel.
FINANCIAL HIGHLIGHTS
|
Quarter |
|
Nine
Months |
Fiscal Years |
2013 |
|
2012 |
|
2013 |
|
2012 |
|
$ |
|
$ |
|
$ |
|
$
|
Sales |
1,494,978 |
|
1,634,138 |
|
4,370,581 |
|
4,289,280 |
|
|
|
|
|
|
|
|
Gross Margin |
841,939 |
|
904,295 |
|
2,383,872 |
|
2,333,805 |
Gross Margin % |
56.3% |
|
55.3% |
|
54.5% |
|
54.4% |
Total Operating Expenses |
788,170 |
|
795,454 |
|
2,200,321 |
|
2,194,207 |
|
|
|
|
|
|
|
|
Income Taxes |
36,100 |
|
42,500 |
|
109,100 |
|
107,500 |
|
|
|
|
|
|
|
|
Net Result attributable to Clemex Technologies
Inc. |
17,669 |
|
66,341 |
|
74,451 |
|
32,098 |
|
|
|
|
|
|
|
|
Global Result per share (basic and diluted) |
0.001 |
|
0.003 |
|
0.002 |
|
0.001 |
Clement Forget,
President and CEO of Clemex Technologies Inc. declared: "Despite
the fact that sales for this Quarter are slightly lower than for
the same period last year, we are pleased with the results of this
third Quarter of 2013. The manufacturing sector in the USA is still unstable despite the automotive
sector regain of activity and we have difficulties to conclude
sales in other sectors such as the Aerospace and Pharmaceutical
industries. On the positive side, despite the reduced sales, an
improvement in our Gross Margin allowed us to generate a Net Profit
of $17,669.
Mr. Forget continues "With regards to our
Hematology project, we have implemented two instruments in
specialized laboratories for validation over the last three months;
one of them being a Hospital. A third instrument is to be
implemented in another hospital at the end of this month.
Finally, we are pleased to announce that the Company signed a
commitment to buy a parcel of land of 10 000 square meters in the
Technological Park in Saint-Bruno-de-Montarville for an office
building to be built in 2014."
About Clemex Technologies, Inc.
Clemex Technologies Inc. develops, manufactures
and markets image analysis systems and software used by quality
control and research microscopy laboratories. Clemex' customer base
spans over many countries in America, Europe, Asia
and encompasses major Research and Development Centers, prestigious
Universities and large manufacturing industries in various fields
including healthcare, automotive, aerospace, raw materials
manufacturing, pharmaceuticals, mining and other sectors.
The CDNX has not reviewed and does not accept
responsibility for the adequacy and accuracy of this press
release.
SOURCE CLEMEX TECHNOLOGIES INC.