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Article: ADB reports third quarter 2003 results; Meets performance targets; provides guidance outlook for Q4.
- Article from:
- PR Newswire
- Article date:
- October 22, 2003
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ADB Systems International (OTCBB: ADBY; TSX: ADY), a global provider of asset lifecycle management solutions, announced its financial results for the third quarter ended September 30, 2003. All figures are in Canadian dollars. As at September 30, 2003, the exchange rate was CDN $1.35 to US $1.00.
Consistent with previously announced forecasts, ADB reported revenue of $1.70 million for the quarter, a growth of 22 percent over the results achieved in the second quarter of 2003. In the same period of 2002, ADB recorded revenue of $1.26 million, representing a year over year growth of 35 percent. Revenue was comprised of software license sales, service fees for ...