(TSX Venture Exchange: "IVI") Issued Common Shares: 29,044,062
The gross margin in Q3 of 2009, amounted to
As can be seen in the table below, the loss in Q3 of 2009, is almost entirely attributable to a
A comparative summary of recent financial results is presented below.
Summary of Selected Financial Results 2009 2008 ------------------------------------------------------------------------- $ CAD Q3 Q2 Q1 Q4 Q3 ------------------------------------------------------------------------- Revenues 696,489 630,501 625,232 534,259 591,145 Cost of Sales (159,654) (128,822) (106,308) (73,779) (123,232) Gross Margin 536,835 501,679 518,924 460,480 467,913 Expenses (347,939) (413,459) (442,963) (431,612) (367,973) Stock based compensation (100,000) - - - - EBITDA(1) 88,896 88,220 75,961 28,868 99,940 Net Income (Loss) (98,925) 1,616 1,596 (63,944) 13,236 Earnings (Loss) Per Share (0.00) 0.00 (0.00) 0.00 0.00 Total Assets 1,660,086 1,326,751 1,065,405 995,573 1,105,416 (1) EBITDA is defined as earnings before interest, taxes, depreciation and amortization. Also excluded in Q3 of 2009 is $100,000 of non-cash financing costs. EBITDA is not a recognized measure under Canadian generally accepted accounting principles. Management believes however that EBITDA is a useful supplementary measure as it provides indication of the results of Ivrnet's business operations without regard to how these activities were financed or how these results were taxed.
A more complete analysis of the Company's financial results can be found by visiting www.sedar.ca.
About Ivrnet Inc. - Ivrnet is a communications company that develops and operates intelligent software applications, delivered through traditional phone networks and over the Internet. These applications facilitate automated interaction; personalized communication between people; mass communication for disseminating information to thousands of people concurrently; and personalized communication between people and automated systems. Ivrnet's applications are accessible through nearly any form of communication technology, at anytime from anywhere in
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This information release may contain certain forward-looking information. Actual future results may differ materially from those contemplated. The risks, uncertainties and other factors that could influence the actual results are described in documents filed with regulatory authorities.
%SEDAR: 00013393E
For further information: please visit our website at www.ivrnet.com, or contact: David L. Snell, Ivrnet Inc., President and CEO, (403) 538-4540, eMail: [email protected]
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