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Redknee Reports Strong Profitability In Fiscal 2009

^{Published on 2009-11-25 14:49:40 - Market Wire}
 

 Highlights - Revenue grew to $53.3 million (2008: $50.7 million) - Gross margin increases to 78% (2008: 70%) - EBITDA profit of $6.5M (2008: loss of $4.2M) - Operating income of $4.2M (2008: operating loss of $3.9M) - Basic earnings per share of $0.06 (2008: loss per share of $0.08) - Cash and investments at $25.8M (September 30, 2008: $15.3M) - Recurring revenues increased to 41% of total revenue (2008: 31% of total revenue) - Six new customers across the Americas, APAC, and EMEA - Successful admission to trading on the Toronto Stock Exchange - Multiple industry awards and recognition for Redknee's technology, solutions and organizational achievements 

 OVERVIEW -------- As we continue to make progress toward our vision of becoming the leading global communications solutions provider of choice, Redknee remains focused on the three core elements of its corporate strategy: 1. Continued expansion and evolution of our business-critical solutions to our global customer base; 2. Market share growth and leadership in our served addressable market; and 3. An increasing proportion of sustainable recurring revenues. ---------------------------------- (1) Earnings Before Interest Expense, Income Taxes, Depreciation, and Amortization (EBITDA) is a non-GAAP measure. While useful in understanding Company operational results, EBITDA is not standardized and may not be comparable to similar results reported by other companies. EBITDA described above is calculated as Income (loss) from operations, net of foreign exchange gain/loss, amortization and stock-based compensation. 

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