GuestLogix Delivers 150% Year-Over-Year Revenue Growth and Achieves Profitability in Q2 Fiscal 2009
TORONTO, ONTARIO, Jun 29, 2009 (MARKETWIRE via COMTEX) -- GuestLogix Inc. /quotes/comstock/11v!gxi (CA:GXI 0.98, -0.01, -1.01%) ("GuestLogix" or the "Company"), the leading provider of onboard retail solutions to the airline industry, announces its financial and operational results for the three- and six-month periods ended May 31, 2009. All results are reported in Canadian dollars.
Q2 F2009 Financial Highlights
- Increased revenue 150% to $4.6 million, up from $1.8 million in Q2 fiscal 2008
-- Excluding foreign exchange impact, revenue for Q2 fiscal 2009 was $4.8 million
- Monthly revenue run-rate of $1.5 million in May 2009
- Generated $1.0 million in EBITDA, up from $(0.3) million in Q2 fiscal 2008
- Achieved a net profit of $0.03 million, up from $(1.1) million in Q2 fiscal 2008
- Cash and cash equivalents including restricted cash was $3.6 million as at May 31, 2009, compared to $5.5 million as at November 30, 2008.
Source: marketwatch.com
Monday, June 29, 2009
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