Science & Technology
Science and Technology
Science and Technology
Tue, April 30, 2013
Mon, April 29, 2013 Financial Results for the Nine Month Period Ending February 28, 2013
April 29, 2013 15:15 ET
Uniserve Communications Corporation: Financial Results for the Nine Month Period Ending February 28, 2013
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2013) - Uniserve Communications Corporation (TSX VENTURE:USS) (the "Company") wishes to announce the results of its third quarterly report for the nine month period ending February 28, 2013, as follows:
| Nine Months Ending | ||||||
| Feb. 28, 2013 | Feb. 29, 2012 | |||||
| Revenue | $ | 5,099,410 | $ | 5,513,071 | ||
| Cost of revenues | 2,636,858 | 2,873,950 | ||||
| Gross margin | $ | 2,462,552 | $ | 2,639,121 | ||
| Expenses | ||||||
| Operations and service delivery expenses | $ | 2,080,196 | $ | 2,888,972 | ||
| Amortization of property and equipment | 261,842 | 265,422 | ||||
| Amortization of intangible assets | 9,241 | 8,414 | ||||
| Amortization of deferred finance costs | 11,620 | 16,821 | ||||
| Sales and marketing | 51,122 | 423,141 | ||||
| Stock-based compensation | - | 211,808 | ||||
| $ | 2,414,022 | $ | 3,814,577 | |||
| Operating profit (loss) | $ | 48,531 | $ | (1,175,456 | ) | |
The Company has continued to improve its key measure of operational profitability, EBITDA, during the third quarter of the financial year ended May 31, 2013. In the quarter, the Company increased EBITDA by 32% to $151,000 compared to $114,000 in the previous quarter and more than doubled it from the $75,000 in the same quarter last year.
The Company continues to implement operational efficiencies and cost savings which will be reflected in the current quarter and year end numbers.
Uniserve Communications Corporation (TSX VENTURE:USS) is an industry leader in the integration and delivery of voice, data and cloud computing services to businesses and retail consumers throughout Canada. For more information about Uniserve, its products and services please visit [ www.uniserve.com ].
This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.
Bruce Sanderson, President and CEO
Management has prepared this release and no regulatory authority has approved or disapproved the information contained herein. The statements contained in this news release that are not historical facts are forward looking statements. Such statements are based on management's estimates, assumptions and projections using available information. Uniserve cautions that actual financial results could differ materially from the current expectations due to a number of factors.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this News Release.
