NewsBlaze logo
Newsletter logo   Search News     Daily News   
web2.0 logo   win logo
Published:

Texada Software Announces Results for the Fourth Quarter of 2006

Texada Software Inc., ("Texada") (TSX VENTURE: TXS), announces today its interim unaudited financial results for the fourth quarter ending December 31, 2006.

The Company generated total revenues of $1,004,920 for the three-month period ending December 31, 2006 resulting in an operating income / (loss) before amortization, interest expense, foreign exchange, stock based compensation expense, severance expense and income taxes of ($254,800). These results compared to total revenues of $1,103,825 and an operating income / (loss) before amortization, interest expense, foreign exchange, stock based compensation expense, severance expense and income taxes of $15,606 for the same period in 2005.

In late 2005, the company announced a substantial increase in R & D expenditures to invest in its core products. This increased investment in R&D accounted for all the operating loss for the quarter. The company expects a higher level of R & D spending to continue for the next several quarters. The Company's financial results are presented below:


---------------------------------------------------------------------------
Thousands of Canadian Dollars      Three months ended   Three months ended
(except per share amounts)          December 31, 2006    December 31, 2005
---------------------------------------------------------------------------
Revenue                                         1,005                1,104
---------------------------------------------------------------------------
Operating Income / (Loss)                        (255)                  16
---------------------------------------------------------------------------
Loss for the Period                              (615)                (627)
---------------------------------------------------------------------------
Loss per share                                 $(0.02)              $(0.02)
---------------------------------------------------------------------------

About Texada Software (TSX VENTURE: TXS)

Texada Software, a publicly held North American corporation, is a premier provider of Enterprise Rental Management Systems. With world-wide offices and over 400 customers, its market-driven software products have been specifically designed to provide solutions for the equipment rental enterprise, and are fully scalable to meet the needs of any size operation. Texada can be reached at 1-800-361-1233 or +1 519-836-7073, or on the internet at www.texadasoftware.com



The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


Tags: ,Computers and Software:Software, ,CT,TORONTO, ONTARIO
   _   _

  care2 logo   digg logo   blogger logo   newsfeeder logo   netscape logo  
Is your favorite bookmark site missing? Ask for it.
marker


Sponsor Links:

Writers Wanted
Help NewsBlaze provide daily news, including top stories, Home and Garden, Technology, The Environment and more. NewsBlaze Writer
Relevant Sites:

NewsBlaze 

Copyright © 2004-2008 NewsBlaze LLC
Use of this website is subject to our Terms of Service and Privacy Policy       Support    Press Room