ODESIA Announces Increase in Revenue for the First Quarter of Fiscal 2013
30 Mayo 2013 - 7:00AM
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 2013 first quarter financial results.
Q1 2013 - A Quarter of Innovation
"We have made the first step towards our visionary strategy the Unified Business
Intelligence (UBI) by introducing the innovative EPC 8 to the market. EPC 8 is a
leading Operational Intelligent solution that bridges the gap between BI and BPM
and helps monitor and enhance business performance and assist decision-making",
declared Mr. Nicolas Bonnafous, President and CEO of ODESIA.
2013 Outlook
Our IT services business units are growing and are contributing positively.
Software sales are below budget, however following the release of the EPC8
version, the Company has been reducing operational expenses and will be
focussing on selling the software thru its distributor's network. The Company's
top priority is to achieve profitability in all its divisions for 2013.
The Company also announces the resignation of Mr. Richard Brossoit as
Interfacing's president. Mr. Brossoit has served as an executive for almost two
years, overseeing the M&A process and managing Interfacing since its acquisition
by ODESIA.
First Quarter Key Highlights
-- Released EPC 8, a friendly sense-and-respond solution, that helps
measure and monitor the entire organizational Key Performance
Indicators, anticipate problems, identify opportunities and reduce time
and cost.
-- Odesia Interfacing Enterprise Process Center(R) is included by the
Leading Analyst Firm Gartner within the 2013 Operational Intelligence
Platforms.
-- Listed within the top 250 Canadian ICT companies in the 2012 edition of
the Branham300.
-- Significantly increased its international distribution channel to
intensify its visibility in the global marketplace, including emerging
markets such as Asia and the Middle-east.
First Quarter Financial Highlights
-- Revenues of $3,810,000, an increase of $797,000 or 26% compared to Q1
2012;
-- The 2012 acquisitions made $906,000 of revenue;
-- Gross profit of 24% or $908,000;
-- Operating loss of $235,000 and Net loss of $321,000;
Selected financial information
Income statement
For the first quarter ended
($000's except per share amounts) March 31, (unaudited)
2013 2012
----------------------------------------------------------------------------
Revenue 3,810 3,013
Gross profit 908 852
Operating profit (loss) (235) 64
Net earnings (loss) (321) 15
Basic and diluted net earnings (loss) per share
attributable to shareholders of ODESIA Group
Inc. (0.010) 0.000
Statement of financial position
December 31,
March 31, 2012 2012
($000's) (unaudited) (audited)
----------------------------------------------------------------------------
Total assets 8,058 7,384
Convertible debentures and long-term debt
including short-term portion 1,834 1,858
Additional information on the first quarter ended March 31, 2013
The financial information regarding the first quarter ended March 31, 2013
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
ODESIA Group Inc.
Mr. Nicolas Bonnafous
President & CEO
514 876 1155
nbonnafous@odesia.com
www.odesia.com
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