ODESIA Announces its 2012 Year-End Financial Results
30 Abril 2013 - 3:30PM
Marketwired Canada
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 31st, 2012.
2012 - A year of Strategic Acquisitions & Innovations
"2012 was an important year for our company, in order to strengthen our
relationships with current clients and position ourselves for growth in new
markets, we acquired technology and skills throughout the year. Those decisions
are part of our "Unified Business Intelligence" strategy and will position
ODESIA strongly for 2013 forward", declared Mr. Nicolas Bonnafous, President and
CEO of ODESIA.
Acquisition
-- Acquired Interfacing Technologies Corporation, a Business Process
Management software pioneer in May 2012 for $1,233,000 and issuance of 4
Million shares.
-- Acquired Gestion Passerelle Inc., a Business Consulting company, in
September 2012, for $845,000 and issuance of 300,000 shares.
Awards & Recognitions
-- Awarded with the Deal Maker of the Year Award from the International
Publication 'Finance Monthly' for successfully integrating Interfacing
Technologies;
-- Listed within the top 250 Canadian ICT companies in the 2012 edition of
the Branham300;
-- Received an Honorable mention in the 2012 Business Process Analysis
Gartner Magic Quadrant.
Fourth Quarter Key Highlights
-- Completed the integration of Gestion Passerelle in ODESIA Solutions;
-- Re-organized the R&D team under new management;
-- Launch Interfacing EPC version 7.5; a more robust version of the BPM
product;
-- Expanded market reach in Australia through a new reliable Asia-Pacific
Partner Program.
2012 Financial Highlights
-- Revenues of $12,723,000, an increase of 2,589,000 or 26% compared to
2011;
-- $969,000 organic growth in revenue and $1,620,000 due to the 2012
acquisitions
-- Gross profit of 30% or $3,857,000;
-- Operating loss of $504,000 and Net loss of $845,000
-- Basic and diluted net loss per share attributable to owners of ODESIA of
$0.026
-- Increased total equity attributable to the shareholders of ODESIA by
$835,000
Selected financial information
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For the years ended December 31 2012 2011
$ $
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Revenue 12,723,000 10,134,000
Gross profit 3,857,000 3,545,000
Operating profit (loss) (504,000) 636,000
Net earnings (loss) (845,000) 799,000
Basic and diluted net earnings (loss) per
share attributable to shareholders of ODESIA
From continuing operations (0.026) 0.009
From discontinued operations - 0.017
------------------------------
(0.026) 0.026
Comprehensive income (loss) (842,000) 867,000
December 31, December 31,
2012 2011
$ $
Total assets 7,384,000 4,119,000
Convertible debentures and long-term debt
including short-term portion 1,858,000 565,000
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Quarterly data (unaudited)
The following table is a summary of certain information on the Company's last
four quarters:
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Q1 Q2 Q3 Q4
2012 March 31 June 30 September 30 December 31
$ $ $ $
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Revenue 3,013,000 2,948,000 3,038,000 3,723,000
Net earnings (loss) 15,000 (172,000) (292,000) (395,000)
Basic and diluted net
earnings (loss) per
share attributable to
shareholders of ODESIA
From continuing
operations 0.000 (0.005) (0.008) (0.011)
From discontinued
operations - - - -
-----------------------------------------------------
0.000 (0.005) (0.008) (0.011)
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Additional information on the fiscal year ended December 31, 2012
The financial information regarding the year ended December 31, 2012 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
ODESIA Group Inc.
Mr. Nicolas Bonnafous
President & CEO
514 876 1155
nbonnafous@odesia.com
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