ENGINEERING.com Incorporated Announces Second Quarter 2012 Results
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 08/21/12 -- ENGINEERING.com Incorporated (TSX VENTURE: EGN), developer of the ENGINEERING.com online resource for engineers today announced its unaudited financial results for the second quarter ended June 30, 2012.
Revenue was $471,625 for the three months ended June 30, 2012 and $1,053,590 for the year to date, compared to revenue of $370,682 for the second quarter and $726,241 for the first half of 2011. These results indicate revenue growth of 27% in the second quarter and 45% in the first half of 2012 as compared to 2011.
Operating loss (EBITDA) measured as earnings before interest, taxes, amortization and stock-based compensation, was ($13,118) or $0.00 per Common Share for the second quarter of 2012 compared with an operating loss of ($67,213) or $0.00 per Common Share for the three month period ended June 30, 2011. The operating expenses in the latest quarter were $293,246, up from $275,400 in the second quarter a year earlier.
"During the second quarter, ENGINEERING.com launched a new micro-site dedicated to the topic of Mobile Device Design. Within this micro-site industry analysts present a technical view of the "guts behind the gadgets," said John Hayes, President of ENGINEERING.com. "Like the recently launched 3D Printing micro-site, this new area attracts a high value audience by matching leading industry analysts with the broad reach of ENGINEERING.com."
As at June 30, 2012, the Company had a cash balance of $411,444 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, mobile and social 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 International Financial Reporting Standards 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 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. 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: 21.08.2012 - 18:30 Uhr
Sprache: Deutsch
News-ID 176489
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contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Software
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