|
|
Article: Creative Vistas Returns to Positive EBITDA in First Quarter of 2009.
- Article from:
- Computer Weekly News
- Article date:
- June 4, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Creative Vistas, Inc. (OTCBB: CVAS), a leading provider of broadband-related services as well as advanced video and surveillance systems, announced that it has returned to positive EBITDA (earnings before interest, taxes, depreciation and amortization) in its first quarter ended March 31, 2009. Financial Highlights: Revenues for the first quarter of 2009 were down 15.2% year-over-year to $9.14 million.
Sales in U.S. rise 600% from year earlier to $1.97 million.
Cuts in SG&A and financing costs help reduce net loss to ($0.03) from ($0.18) year-over-year.
Company returns to positive EBITDA, at $495,600 Revenue Mix Shifts From Canada Toward U.S. ...