CALGARY,
Nov. 27, 2012 /CNW/ - Inventronics
Limited ("Inventronics" or the "Corporation") (IVX:TSX Venture), a
designer and manufacturer of custom enclosures for the
telecommunications, electric transmission, cable television and
other industries in North America,
today announced its unaudited 2012 third quarter financial
results.
For the three months ended September 30, 2012, Inventronics reported a net
loss of $72,000, or 1.6 cents per share, on revenues of $1,158,000 compared to a net loss of $79,000, or 1.8
cents per share, on revenues of $1,161,000 for the three months ended
September 30, 2011. For the
nine months ended September 30, 2012,
Inventronics reported a net loss of $162,000, or 3.7
cents per share, on revenues of $3,616,000 compared to a net loss of $27,000, or 0.6
cents per share, on revenues of $3,887,000 for the nine months ended September 30, 2011.
Selected Financial
Information |
|
|
|
|
|
Income Statement
Highlights
(in thousands of dollars, except per share amounts) |
Three Months Ended |
Nine Months
Ended |
|
Sept.30
2012 |
Sept.30
2011 |
Sept.30
2012 |
Sept.30
2011 |
|
|
|
|
|
Sales |
1,158 |
1,161 |
3,616 |
3,887 |
EBITDA |
69 |
54 |
239 |
380 |
Net loss |
(72) |
(79) |
(162) |
(27) |
Basic loss per share |
(1.6)¢ |
(1.8)¢ |
(3.7)¢ |
(0.6) |
|
|
|
|
|
|
|
|
|
|
Balance Sheet
Highlights
(in thousands of dollars) |
|
|
|
|
As at |
|
|
September 30
2012 |
December 31
2011 |
|
|
|
|
|
Working capital |
|
|
376 |
(2,049) |
Capital assets |
|
|
3,517 |
3,764 |
Long-term debt, excluding current
portion |
|
|
2,340 |
- |
Shareholders' equity |
|
|
1,553 |
1,715 |
About Inventronics
Inventronics Limited designs and manufactures
custom enclosures and other products for an array of customers in
the telecommunications, electric utility, cable television,
electronics and computer services industries in North America. The Corporation owns its ISO
9001-registered production facility in Brandon, Manitoba.
Shares of Inventronics trade on the TSX Venture
Exchange under the symbol "IVX." For more information about the
Corporation, its products and its services, go to
www.inventronics.com.
Disclaimer
This news release may contain forward looking
information that represents the Corporation's internal projections,
expectations, estimates or beliefs concerning, among other things,
future operating results and various components thereof or the
Corporation's future economic performance. These statements
relate to future events or future performance. All statements
other than the statements of historical fact may be forward-looking
statements. In some cases, forward-looking statements can be
identified by terminology such as "may", "will", "should",
"expects", "projects", "plans", "anticipates", and similar
expressions. The projections, estimates and beliefs contained
in such forward-looking statements are based on management's
assumptions relating to the production performance of Inventronics'
assets, the cost and competition throughout the telecommunications
industry and the continuation of the current regulatory and tax
regimes in the jurisdictions in which the Corporation operates, and
necessarily involve known and unknown risks and uncertainties,
including risks and assumptions relating to exchange rates, costs
of production, outlook for sales, and other factors that may cause
actual performance and financial results in future periods to
differ materially from any projections of future performance or
results expressed or implied by such forward-looking
statements. Accordingly, readers are cautioned that events or
circumstances could cause results to differ materially from those
predicted. Except as otherwise required under applicable
securities laws, the Corporation does not undertake to update any
forward-looking information in this document whether as to new
information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Inventronics Limited