ODESIA Announces its 2013 Year-End Financial Results
30 4월 2014 - 9:00PM
Marketwired
ODESIA Announces its 2013 Year-End Financial Results
MONTREAL, QUEBEC--(Marketwired - Apr 30, 2014) - ODESIA Group
Inc. (TSX-VENTURE:ODS), a Canadian Information Technology
consulting and solutions company, specialized in Business
Intelligence (BI), Business Process Management (BPM) and Big Data
Analytics is pleased to announce its financial results for the
fourth quarter and year ended December 31, 2013.
2013 - Redeployment of capital into the Canadian Business
Intelligence operations
"The sale of two subsidiaries in 2013 presented the opportunity
to monetize lower yielding assets and to redeploy capital into our
Canadian BI operations," declared Mr. Nicolas Bonnafous, President
and CEO of ODESIA.
Fourth Quarter Key Highlights
- Sold Interfacing for a total consideration of $909,584;
- Sold ODESIA Europe SAS for a total cash consideration of
$1,024,365;
2013 Financial Highlights
- Revenue of $7,608,000, an increase of $1,691,000 or 29%
compared to 2012;
- Gross profit of 25% or $1,936,000;
- Operating loss of $430,000 and Net loss of $603,000;
- Basic and diluted net loss per share attributable to owners of
ODESIA of $0.016;
- Improved consolidated statements of financial position
- Decreased current liabilities by $2,047,000 and current assets
by $1,445,000;
- Decreased long-term liabilities by $419,000 and long-term
assets by 1,630,000 (the decrease in long-term assets mainly comes
from the disposition of intangible assets following the sale of
Interfacing);
- Odesia has $683,000 in balance of sale price receivable over
the next 20 months; the possibility to monetize this asset is
currently being analyzed.
Selected financial information
For the years ended December 31, |
2013 $ |
|
2012 $ |
|
|
|
|
Restated |
|
|
|
|
|
|
Revenue |
7,608,000 |
|
5,917,000 |
|
Gross profit |
1,936,000 |
|
1,914,000 |
|
Operating loss |
(430,000 |
) |
(576,000 |
) |
Net loss |
(603,000 |
) |
(845,000 |
) |
|
|
|
|
|
Basic and diluted net loss per share attributable to
shareholders of ODESIA |
|
|
|
|
|
From continuing operations |
(0.015 |
) |
(0.023 |
) |
|
From discontinued operations |
(0.001 |
) |
(0.003 |
) |
|
|
|
|
|
|
|
|
(0.016 |
) |
(0.026 |
) |
|
|
|
|
|
Comprehensive income |
(710,000 |
) |
(845,000 |
) |
|
|
|
|
|
|
December 31, 2013 |
|
December 31, 2012 |
|
|
$ |
|
$ |
|
|
|
|
|
|
Total assets |
4,309,000 |
|
7,384,000 |
|
Convertible debentures and long-term debt including
short-term portion |
546,000 |
|
1,858,000 |
|
Quarterly data (unaudited)
The following table is a summary of certain information on the
Company's last four quarters:
|
Q1 March 31 $ |
|
Q2 June 30 $ |
|
Q3 September 30 $ |
|
Q4 December 31 $ |
|
2013 |
Restated |
|
Restated |
|
Restated |
|
|
|
Revenue |
1,914,000 |
|
1,754,000 |
|
1,834,000 |
|
2,106,000 |
|
Net earnings (loss) |
(320,000 |
) |
(452,000 |
) |
(156,000 |
) |
325,000 |
|
Basic and diluted net earnings (loss) per share
attributable to shareholders of ODESIA |
|
|
|
|
|
|
|
|
|
From continuing operations |
(0.005 |
) |
(0.006 |
) |
(0.002 |
) |
(0.003 |
) |
|
From discontinued operations |
(0.005 |
) |
(0.005 |
) |
(0.002 |
) |
0.010 |
|
|
(0.010 |
) |
(0.011 |
) |
(0.004 |
) |
0.007 |
|
Additional information on the fiscal year ended December 31,
2013
The financial information regarding the year ended December 31,
2013 should be read in parallel with the Company's annual
consolidated financial statements and MD&A (Management
Discussion and Analysis). These documents can be found on
www.sedar.com.
About ODESIA
Founded in 1998, ODESIA Group Inc. is a Canadian Information
Technology (IT) consulting and solutions company headquartered in
Montreal. ODESIA offers solutions in Business Intelligence,
Business Process Management and Big Data Analytics. ODESIA's
mission is to help its clients improve operations efficiency,
enhance process performance and make better business decisions by
mastering the right information at the right time and the right
place. Website: www.odesia.com
ODESIA is listed on the Toronto Venture exchange under the
symbol "ODS".
Disclaimer in regards to forward-looking statements
This press release contains forward-looking statements which
reflect ODESIA's current expectations regarding future events and
may involve risks or uncertainties. Actual results could differ
materially from those projected herein.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
ODESIA Group Inc.Mr. Nicolas BonnafousPresident & CEO514 876
1155nbonnafous@odesia.comwww.ODESIA.com
Odesia Group Inc. (TSXV:ODS)
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Odesia Group Inc. (TSXV:ODS)
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부터 7월(7) 2023 으로 7월(7) 2024