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Article: GuestLogix Achieves Record EBITDA and Net Income in Q3 Fiscal 2009; - Company reports record quarterly revenue, an increase of 100% year-over-year - Expanding EBITDA margin reaches 27% for the quarter - Company generates profitability for the year-to-date period.
- Article from:
- Marketwire Canada
- Article date:
- October 15, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. 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)
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TORONTO, ONTARIO, Oct 15, 2009 (Marketwire via COMTEX) -- GuestLogix Inc. (TSX VENTURE:GXI) ("GuestLogix" or the "Company"), the leading provider of onboard retail solutions to the airline industry, announces its financial and operational results for the three- and nine-month periods ended August 31, 2009. All results are reported in Canadian dollars unless otherwise stated.
Q3 F2009 Financial Highlights
- Increased revenue 100% year-over-year to $4.8 million
- Achieved monthly revenue run-rate of $1.7 million in August 2009
- Delivered EBITDA of $1.3 million, or 27% of revenue
- Generated record net profit of $0.2 million
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