Results announced for Magor, Symax, Red Tiger, Leader, Bluedrop, CRS, Yangaroo, Lakeview, Imaflex, Z

Chris Parry Chris Parry, Stockhouse.com
0 Comments| August 28, 2013


Canadian corporate quarterly results announced today include the following highlights:

Magor Corporation (V.MCC, Stock Forum) Q4 highlights:
  • Revenue grew by 62.3% to $837,325 in Q4 2013, compared to $515,847 in Q4 2012.
  • Software sales grew by 162.2% to $272,338 in Q4 2013, compared to $103,859 in Q4 2012.
  • Hardware sales grew by 86.4% to $503,899 in Q4 2013, compared to $270,343 in Q4 2012.
  • Gross profit grew by 68% to $437,940 in Q4 2013, compared to $260,732 in Q4 2012.
  • Gross profit margin for Q4 2013 increased to 52.3% from 50.6% in Q4 2012, and increased to 48% in FY2013 from 47.5% in FY2012.

 
Symax Lift (V.SYL, Stock Forum) Q2 highlights:
Sales decreased to $8.1 million in the second quarter of 2013, representing a 20% decrease compared to the same quarter of the previous year. During the second quarter, sales of the Dingtai Passenger Elevator decreased by 26% to $3.3 million, sales of other elevators & after-sale services decreased by 35% to $1.6 million and sales of Green Passenger Elevator increased by 1% to $3.3 million.. The overall decrease in sales was mainly attributable to some customers postponing delivery until the third and fourth quarter of 2013 because of the tightening of monetary policy in China for the first half of 2013.


Red Tiger Mining (V.RMN, Stock Forum) Q2 highlights:
On March 25, 2013, the Company announced that the Ejido of San Antonio de la Huerta (local land owners) caused an illegal stoppage of the mining and crushing/stacking operations at LdC. On April 5, 2013, state authorities restored access to all areas of the mine site without major confrontations. Mining, crushing and stacking operations were then resumed. In May 2013, the Company and the Ejido signed an agreement that extends the lease on the land to December 2018. The new agreement requires annual payments of 5,880,000 Mexican Pesos ($470,000).
 
Leader Energy Services (V.LEA, Stock Forum) Q2 highlights:
Revenues from well stimulation services increased 15% to $2.7 million in the second quarter of 2013 as compared to $2.3 million reported in the second quarter of 2012. Like prior second quarters, the Company was affected by the typical seasonality in the oil and gas industry in western Canada. Historically, the second quarter represents the lowest level of activity in the calendar year due to spring break-up. The wet spring and early summer weather combined with the thawing of ground frost renders many roads incapable of supporting the weight of heavy equipment. As a result, operators are subject to road bans which restrict the ability to access well sites. Despite the effects of spring break-up and the June flood in southern Alberta, the Company was able to generate a 15% increase in revenue as compared to the second quarter of 2012.
 
Bluedrop Performance Learning (V.BPL, Stock Forum) Q3 highlights:
Emad Rizkalla, founder and CEO said, "The third quarter was a significant improvement over the same period last year for the CoursePark Learning Services division with 92% revenue growth and strong services revenues in the Defence and Aerospace business unit, but with lower revenues for product sales in the quarter. We continued to aggressively invest in building the CoursePark platform market reach and have focused our effort in the much larger U.S. market."


CRS Electronics (V.LED, Stock Forum) Q2 highlights:
The Company reported sales of $565,300 and $1,303,800 for the three and six months ended June 30, 2013 compared to $687,700 and $1,999,700 for the same periods one year ago. Net loss for the three and six months ended June 30, 2013 was $1,211,300 and $2,168,400 compared to $981,600 and $2,127,000 for the same periods one year ago. Working capital at June 30, 2013 was $2.5 million, including $3.3 million in cash.


Yangaroo Digital Media Management (V.YOO, Stock Forum) Q2 highlights:
Revenue growth 33% yr over yr and 10% qtr over qtr - Adjusted EBITDA improved 72% yr over yr and 82% qtr over qtr - Advertising revenue up 50% yr over yr and 27% qtr over qtr - US revenue from all sources up 58% year over year and 14% qtr over qtr - Net loss down 58% over same period in 2012 and 45% over previous quarter - Award Show revenues increased 142% yr over yr and 11% qtr over qtr
 
Lakeview Hotel Investments (V.LHR, Stock Forum) Q2 highlights:
Lakeview Hotel Investment Corp once again generated positive Funds from Operations, Adjusted Funds from Operations, and Distributable Income in the second quarter of 2013. Over $450,000 of distributable income was generated during the quarter. Net income for the quarter was skewed by a $6.16 million gain on the sale of the Holiday Inn Express in Sherwood Park. Operating results continue to improve and net of Sherwood Park, third quarter RevPar is expected to exceed third quarter RevPar generated in 2012.
 
Imaflex (V.IFX.A, Stock Forum) Q2 highlights:
Sales of mulch film also improved as the Company is regaining part of the market share that was lost in 2010. Management is continuing to look for additional opportunities in the mulch film market while waiting for the launch of the new product. The full integration of the business acquired in 2012 is continuing. Benefits and profitability have already begun materializing and will accelerate with time.
 
Urbanimmersive Technologies (V.UI, Stock Forum) Q3 highlights:
Signature of an AVU3D® technology agreement with Via Capital increasing to up to 8,000 the number of potential real estate agents affiliated to Urbanimmersive; Significant growth in operational metrics in the first quarter of the strategic plan implementation focused on real estate brokerage; 300 real estate agents have become Urbanimmersive customers during the third quarter; 520 immersive tours have been delivered during the third quarter; To date, new customers have ordered an average of 1.87 immersive tours per month; 72,000 potential online homebuyers have used the Urbanimmersive platform during the third quarter; Signature of an AVU3D® technology reseller agreement with Astral TV Plus; Signature of a strategic agreement with www.goyub.net, a Quebec social online buying group web site, recognizing the potential commercial value of Urbanimmersive's highly profiled users;  
 
RenoWorks Software (V.RW, Stock Forum) Q2 highlights:
Provides home design software and web solutions for the home building/remodeling industry and retail environment.
2013 Q2 Revenue: 503k, 2012 Q2 Revenue: 366k
2013 Q2 Gross Margin: 423k, 2012 Q2 Gross Margin: 254k
 
McVicar Industries (V.MCV, Stock Forum) Q2 highlights:
Sales for the second quarter were $7.2 million, up 1% from $7.1 million for the same period of 2012. Sales for the first half were $12.9 million, down 13% from $14.9 million as compared to the same period of 2012;
Gross profit for the second quarter was $2.9 million, up 18% from $2.5 million for the same period of 2012. Gross profit for the first half was $4.9 million, up 10% from $4.4 million compared to the same period of 2012. Gross margin for the second quarter increased to 41% from 35% compared to the same period of 2012. Gross margin for the first half increased to 38% compared to 30% for the first half of 2012.
 
International Frontier Resources (V.IFR, Stock Forum) Q2 highlights:
The Company recorded a consolidated net loss in the second quarter of $38,335 ($0.001 per share) as compared to a consolidated net loss of $62,165 ($0.001 per share) at June 30, 2012. Second quarter revenue, net of royalties, was $196,275 compared to $191,430 at June 30, 2012. At June 30, 2013 cash and cash equivalents were $3,067,225 and working capital was positive $2,939,080.
 
 iLOOKABOUT Visual and Data Intelligence (V.ILA, Stock Forum) Q2 highlights:
On June 20, 2012, the Company announced that it did not meet the requirements under the Ontario Business Corporations Act to declare or pay cumulative dividends on the Series 1 Preference Shares (the "Preference Shares") and that the Company would reinvest its available cash resources, in excess of its operating and capital needs, to support its business development and growth initiatives, and as such, decided that no dividends would be declared on any of the Company's shares, including the Preference Shares, for at least twelve months. Today, the Company confirmed that it would continue to suspend the declaration of dividends on any of the Company's shares until at least December 31, 2013.
 
 ZENN Motor Company (V.ZNN, Stock Forum) Q3 highlights:
In the three and nine months ended June 30, 2013, net losses from continuing operations were $400,755 and 1,170,053, respectively, or $0.01 and $0.03, respectively, per share. For the corresponding periods in the prior year, net losses from continuing operations were $464,899 and $1,178,189 or $0.01and $0.03 per share.
At June 30, 2013, the Company had working capital of $658,757 and cash, including cash, cash equivalents and short-term investments, totaling $953,899, compared to working capital of $1,675,361 and cash of $1,937,592, respectively, at September 30, 2012.
 
Innovotech (V.IOT, Stock Forum) Q2 highlights:
Faced with the growing threat of hospital-acquired infections, more medical device companies are showing an interest in testing and developing InnovoSIL™-1 as an antimicrobial coating for medical devices. Innovotech has broadened its scope of companies to include orthopedics (joints), veterinary and surgical device companies. The Company sees an equally large opportunity in the wound care market.


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