POSERA Announces Third Quarter 2015 Financial Results

TORONTO, Nov. 13, 2015 /CNW/ - Posera-HDX Limited (TSX : PAY) ("POSERA" or the "Company"), a leading provider of software and payment solutions for the hospitality industry, today announced its financial results for the three and nine-months ended September 30^th, 2015.

POSERA incurred a normalized EBITDA loss for the three-months ended September 30, 2015 of $275,532, an increase of $193,774 from a loss of $80,758 for the three-months ended September 30, 2014 and an increase in the loss of $149,489 from a loss of $125,043 for the three-months ended June 30, 2015.

The Company will hold a conference call on Monday November 16^th, 2015 to discuss the financial results for the third quarter of 2015, at 10:00 AM Eastern Standard Time hosted by Loudon Owen, Chief Executive Officer and Kevin Mills, Chief Financial Officer. A question and answer session will follow the corporate update.

CONFERENCE CALL DETAILS

Date: Monday, November 16^th, 2015
Time: 10:00 AM Eastern Standard Time

Participant Dial-in Numbers:
Local – Toronto ([phone]
Toll Free - North America ([phone]
Conference ID: 75133397

An archive of the conference call will be available by visiting the Company's website at www.posera.com/investor-relations. Please connect at least 10 minutes prior to the conference call to ensure time for any software download that may be needed to hear the webcast.

Quarterly Highlights and Summary

• Recurring revenue for the three-months ended September 30, 2015 was $2,297,833, an increase of $447,799 (24.2%) from recurring revenue of $1,850,034 for the three-months ended September 30, 2014, and an increase of $154,518 (7.2%) from recurring revenue of $2,143,315 for the three-months ended June 30, 2015;
  
  
• Total revenue was $5,072,822 for the three-months ended September 30, 2015, up $397,117 (8.1%) from $4,693,705 for the three-months ended September 30, 2014 and down $211,734 (4.0%) from $5,284,556 for the three-months ended June 30, 2015;
  
  
• Net loss for the three-months ended September 30, 2015 was a loss of $838,406, an increase in the loss of $638,176 (318.8%) from a loss of $200,176 for the three-months ended September 30, 2014, and an increase in the loss of $192,495 (29.8%) from a loss of $645,911for the three-months ended September 30, 2015;
  
  
• EBITDA loss for the three-months ended September 30, 2015, was $367,925, an increase in the loss of $352,102 (2,225.3%) from a loss of $15,823 for the three-months ended September 30, 2014, and an increase in the loss of $194,892 (112.6%) from a loss of $173,033 for the three-months ended June 30, 2015;

About POSERA

For more than 30 years, POSERA has been supporting merchant business success in the hospitality industry. POSERA is in the business of managing merchant transactions with consumers and facilitating all aspects of the payment transaction. POSERA's Maitre 'D^TM and FingerPrints^TM Point-of-Sale solutions are trusted by the top fine dining and quick-service hospitality brands around the world.

A TSX company trading under the symbol "PAY", POSERA's full service solutions include integrated and non-integrated debit and credit processing, EMV compliant Pay-At-The-Table ("PATT") applications, system hardware integration services, merchant staff training, system installation services, and post-sale software and hardware customer support.

POSERA's POS system software solutions, associated enterprise management tools and debit/credit payment terminals are deployed in 25 countries and 8 different languages at over 20,000 merchant locations worldwide. POSERA's direct sales force is bolstered by a global dealership network of approximately 80 resellers which translates to approximately 560 representatives selling, supporting and installing its software and related products and services. Posera prides itself on its long and established track record of exceptional customer service and continued technological innovation. POSERA's success will continue to be driven by the Company's unwavering objective to ensuring the business success of its growing base of merchant clients.

More information about POSERA can be found on the Company's website at www.posera.com or under the Company's profile on SEDAR at www.sedar.com.

Forward-Looking Statements 

This discussion includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with our business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", and similar expressions to the extent they relate to the Company or its management.  The forward-looking statements are not historical facts, but reflect Posera's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risks and Uncertainties" in the Annual Information Form to be filed on March 31^st 2015 with the regulatory authorities. Posera assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements, unless required by law. 

SOURCE Posera-HDX

Kevin Mills, Chief Financial Officer, 1.416.703.6462 ext. 2203, [email protected], www.posera.com; Investor Relations Contact: Caleb Jefferies, 1.604.684.6730