Odesia Group Announces Results for the First Quarter of Fiscal 2014
28 5월 2014 - 9:00PM
Marketwired
Odesia Group Announces Results for the First Quarter of Fiscal 2014
Change to the Board of Directors and the Management
MONTREAL, QUEBEC--(Marketwired - May 28, 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 2014 first quarter financial
results.
First Quarter Key Highlights
- Renewed long term qualifications with key clients;
- Listed within the top 250 Canadian ICT companies in the 2013
edition of the Branham300; the most comprehensive listing of the
top non-governmental organizations operating in the Canadian
Information and Communication Technology (ICT) industry;
- Moved its head-office in better suited office space that will
result in cost savings in 2014;
First Quarter Financial Highlights
- Revenues of $1,745,000, a decrease of $169,000 or 9% compared
to Q1 2013;
- Gross profit of 22% or $384,000;
- Operating loss of $170,000 and net loss of $187,000;
Selected financial information Income statement
($000's except per share amounts) |
For the first quarter ended March 31, (unaudited) |
|
|
2014 |
|
2013 Restated |
|
Revenue |
1,745 |
|
1,914 |
|
Gross
profit |
384 |
|
499 |
|
Operating loss |
(170 |
) |
(76 |
) |
Net
loss |
(187 |
) |
(321 |
) |
Basic
and diluted net loss per share attributable to shareholders of
ODESIA Group Inc. |
(0.005 |
) |
(0.010 |
) |
Statement of financial position
($000's) |
March 31, 2014 (unaudited) |
December 31, 2013 (audited) |
Total
assets |
3,691 |
4,309 |
Convertible debentures and long-term debt including short-term
portion |
389 |
546 |
Change to the Board of Directors and the Management
Meir Levi resigned as a member of the Company's Board of
Directors. M. Levi has served as a Board member since the
acquisition of Interfacing Technologies (a former division of
Odesia) in May 2012. "The Company and the Board of Directors would
like to wish M. Levi all the best in the future" said Michael
Perrault, ODESIA's Chairman.
Simon Lepage resigned as Chief Financial Officer to pursue an
opportunity with Ceragres, a Montréal privately held importer and
distributor of ceramic, porcelain, slate, stone, quartz and
mosaics. Nicolas Bonnafous, who currently serves as the Company's
Chief Executive Officer, will assume the CFO responsibilities until
a permanent successor is named; M. Lepage will remain available to
help the Company until then to ensure an orderly transition. "On
behalf of our team and our board of directors, we thank Simon for
his valuable guidance and leadership over the last 6 years. He lead
the finance team and played a major role in implementing our
strategies. We wish him the very best in the next phase of his
career," said Nicolas Bonnafous. "The decision to leave Odesia was
not an easy one," said M. Lepage. "I am satisfied with my
contribution to the evolution of the Company since I joined the
ODESIA family. I would like to thank Nicolas and the board of
directors' members for their trust and support throughout these
years. I look forward to hear more about the success of Odesia in
the future," concluded M. Lepage.
Additional information on the first quarter ended March 31,
2014
The financial information regarding the first quarter ended
March 31, 2014 should be read in parallel with the Company's
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 & CEOTel.
514 876 1155Email. nbonnafous@odesia.com
Odesia Group Inc. (TSXV:ODS)
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