Welcome!

Microsoft Cloud Authors: Pat Romanski, Liz McMillan, Lori MacVittie, Elizabeth White, Yeshim Deniz

News Feed Item

Clemex Discloses Second Quarter Results

11% increase in sales with more than $100,000 Net Profit

Symbol:  CXG.A-CDNX
www.clemex.com
Shares Outstanding30,999,810

MONTREAL, Dec. 14, 2012 /CNW Telbec/ - Clemex Technologies Inc. (TSXV: CXG.A), designer and manufacturer of Image Analysis systems and software for microscopy applications, announces its financial results for the second Quarter of FY2013 ending October 31st, 2012. For this second Quarter, sales reached $1,570,451 an increase of 11% compared to the same period last year. The Corporation ends this quarter with a Net Profit of $101,047 compared to a Net Profit of $12,004 posted last year. As for the first six month period of FY2013, sales reached $2,875,603 compared to $2,655,142 last year while the Company posted a Net Profit of $56,782 compared to a Net Loss of $34,243 for the same period last year.

During this past Quarter, the Corporation made several sales to clients in the manufacturing sector in North America: Teutech Industries, Ontario, Canada, Nitrex Metal, Quebec, Canada, Total Petrochemicals, Texas (USA), Gerdau, Arkansas (USA), Steel Dynamics, IN (USA) and Raytheon Company, Texas (USA).  As for the International side, the Corporation made substantial sales to General Motors, Mexico, NRB Bearings India and to Hyundai Motors, South Korea.

FINANCIAL HIGHLIGHTS   

  Quarter Semester

  Fiscal Years
2013 2012 2013 2012
  $ $ $ $
Sales 1,570,451 1,414,314 2,875,603 2,655,142
         
Gross Margin 877,067 761,339 1,541,933 1,429,510
Gross Margin % 55.8% 53.8% 53.6% 53.8%
Total Operating Expenses 728,520 712,335 1,412,151 1,398,753
         
Income Taxes 47,500 37,000 73,000 65,000
         
Net Profit(Loss) 101,047 12,004 56,782 (34,243)
         
Net Profit(Loss) per share 0.003 0.001 0.002 (0.002)

Clement Forget, President and CEO of Clemex Technologies Inc. declared: "We are quite pleased with the results of this second Quarter of 2013. Clemex had reasonable success in the manufacturing sector in the USA where the automotive industry continues to perform well since the beginning of the year. We have also concluded important sales in the steel manufacturing industries, a sector of activity that had declined in the last few years. Finally, sales of our MicroHardness Testers, the Clemex CMT.HD keep up at a steady rate, confirming that Clemex is definitely offering one of the best instruments on worldwide market for this field of application.

The CEO continued "Sales for this Quarter are in line with our internal forecasts and take us back to profitability.  While we work on keeping expenses under control, we invest more in marketing activities in view of the introduction of the new line of instruments for Hematology which should occur within the next six months. Concerning this matter, Clemex along with its French partner RAL Diagnostics participated at one of most important Medical instruments Trade show in the world, Medica in Düsseldorf, Germany this past November where we introduced our latest instrument, the HemaCyto 2L and the interest from the show attendees was extremely positive.  We have also just exhibited the same instrument this week in Atlanta GA, USA, at the ASH (American Society for Hematology) conference where we also had an excellent response from the American Medical community. Our R & D team is working very hard to fine tune the last details of the instruments while a three month validation period will be required before the official launching".

About Clemex Technologies, Inc.

Clemex Technologies Inc. develops, manufactures and markets image analysis systems and software used by quality control and research microscopy laboratories. Clemex' customer base spans over many countries in America, Europe, Asia and encompasses major Research and Development Centers, prestigious Universities and large manufacturing industries in various fields including healthcare, automotive, aerospace, raw materials manufacturing, pharmaceuticals, mining and other sectors.

The CDNX has not reviewed and does not accept responsibility for the adequacy and accuracy of this press release. 

 

SOURCE CLEMEX TECHNOLOGIES INC.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
DXWorldEXPO LLC, the producer of the world's most influential technology conferences and trade shows has announced the 22nd International CloudEXPO | DXWorldEXPO "Early Bird Registration" is now open. Register for Full Conference "Gold Pass" ▸ Here (Expo Hall ▸ Here)
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to impr...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and sh...
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and Bi...
Contextual Analytics of various threat data provides a deeper understanding of a given threat and enables identification of unknown threat vectors. In his session at @ThingsExpo, David Dufour, Head of Security Architecture, IoT, Webroot, Inc., discussed how through the use of Big Data analytics and deep data correlation across different threat types, it is possible to gain a better understanding of where, how and to what level of danger a malicious actor poses to an organization, and to determin...
To Really Work for Enterprises, MultiCloud Adoption Requires Far Better and Inclusive Cloud Monitoring and Cost Management … But How? Overwhelmingly, even as enterprises have adopted cloud computing and are expanding to multi-cloud computing, IT leaders remain concerned about how to monitor, manage and control costs across hybrid and multi-cloud deployments. It’s clear that traditional IT monitoring and management approaches, designed after all for on-premises data centers, are falling short in ...