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Opsens reports Q3 2010 results with best-ever quarterly revenue

^{Published on 2010-07-07 05:10:36 - Market Wire}
 

 Highlights - Quarterly revenue climbed to $1,469,000 - Strong growth of 44% for consolidated revenues since the start of fiscal year 2010 - Net loss of $341,000 for the quarter, or $0.01 per share - Opsens' OPP-W sensor successfully completed its second year of operation in the Steam Assisted Gravity Drainage (SAGD) wells run by an oil sands producer in Alberta - New orders for the OPP-W and for Opsens' CO2-enhanced oil recovery systems. 

 ---------------------------------------- (In thousands of Canadian Three- Three- Nine- Nine- dollars, except data per share) month month month month period period period period ended ended ended ended May 31, May 31, May 31, May 31, 2010 2009 2010 2009 ---------------------------------------- $ $ $ $ ---------------------------------------- Sales 1,469 1,279 3,586 2,498 Cost of sales 770 611 2,112 1,497 ---------------------------------------- Gross margin 699 668 1,474 1,001 Administrative expenses 386 262 1,121 893 Marketing expenses 233 232 652 669 Research and development expenses 346 216 819 626 Stock option based compensation 43 50 145 177 Amortization of property, plant and equipment 45 43 131 118 Amortization of intangible assets 5 5 26 17 Financial expenses (income) (18) 75 3 (47) ---------------------------------------- 1,040 883 2,897 2,453 Loss before income taxes (341) (215) (1,423) (1,452) Income taxes - - - - ---------------------------------------- Net loss (341) (215) (1,423) (1,452) Basic loss per share (0.01) (0.01) (0.03) (0.04) Diluted loss per share (0.01) (0.01) (0.03) (0.04) 

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