ENGINEERING.com Incorporated Announces First Quarter 2012 Results
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 05/25/12 -- ENGINEERING.com Incorporated (TSX VENTURE: EGN), developer of the ENGINEERING.com online resource for engineers today announced its unaudited financial results for the first quarter ended March 31, 2012.
ENGINEERING.com revenue was $581,965 for the three month ended March 31, 2012, compared to revenue of $355,559 for the first quarter in 2011. Revenue in the first quarter included a sale of third party software to a single customer for approximately $170,000.
Operating income (EBITDA) measured as earnings before interest, taxes, amortization and stock-based compensation, was $2,634 or $0.00 per Common Share for the first quarter of 2012 compared with an operating loss of ($58,398) or $0.00 per Common Share for the three month period ended March 31, 2011. The operating expenses in the latest quarter were $300,924, up from $255,662 in the first quarter a year earlier.
"During the first quarter of 2012 the Company launched a 3D Printing section to give industry analysts and bloggers a valuable platform for disseminating technical information," said John Hayes, President of ENGINEERING.com. "This section and others like it will attract viewers and advertisers to important topic areas."
As at March 31, 2012, the Company had a cash balance of $327,057 compared to a cash balance of $259,014 as at December 31, 2011.
About ENGINEERING.com Incorporated
ENGINEERING.com Incorporated (TSX VENTURE: EGN) inspires, informs and entertains a worldwide audience of engineers through the web site and other distribution channels. ENGINEERING.com offers marketing services to manufacturers, technology inventors and engineering academia around the world. The ENGINEERING.com Incorporated head office is located in Mississauga, Ontario, Canada and can be reached toll-free at 1-877-997-9917, by facsimile at 905-273-6691 or through the Internet at .
EBITDA
EBITDA is defined by the Company as operating income before interest expense, income taxes, amortization, stock - based compensation, asset dispositions and provision for discontinued operations. The Company has included information concerning EBITDA because it believes that EBITDA is used by certain investors as one measure of the Company's financial performance. EBITDA is not a measure of financial performance under Canadian generally accepted accounting principles and is not necessarily comparable to similarly titled measures used by other companies. EBITDA should not be construed as an alternative to operating income or to cash flows from operating activities (as determined in accordance with Canadian generally accepted accounting principles) as a measure of liquidity.
Forward Looking Statements
This press release may contain forward-looking statements based on management's current projections, beliefs and opinions at the date of this press release. Actual results could differ materially from those anticipated in these statements. The Company's ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. ENGINEERING.com Incorporated undertakes no responsibility to update forward-looking statements if circumstances or management's projections, beliefs or opinions change.
The contents of this News Release have been reviewed and approved by the Audit Committee and the Board of Directors.
The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
ENGINEERING.com, Inc.
John Hayes
President & CFO
905-273-9991, ext. 3280 or Toll Free: 1-877-997-9917
905-273-6691 (FAX)
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Unternehmensinformation / Kurzprofil:
Datum: 25.05.2012 - 20:57 Uhr
Sprache: Deutsch
News-ID 150329
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contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Software
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