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Share Name | Share Symbol | Market | Type |
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TSXV:ODS | TSX Venture | Common Stock |
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MONTREAL, QUEBEC--(Marketwired - Nov 29, 2013) - ODESIA Group Inc. ("ODESIA" or the "Company") (TSX-VENTURE:ODS), a Canadian Information Technology consulting and solutions company, specialized in Business Intelligence ("BI"), Business Process Management ("BPM") and Big Data Analytics is pleased to announce continued progress with its 2013 third quarter results.
"Q3 was a solid quarter with good margins and a continued focus on reducing operational costs" said Nicolas Bonnafous, Chief Executive Officer of ODESIA.
To access the financial results and MD&A - click here
Third Quarter Key Highlights
Third Quarter Financial Highlights
Selected financial information
Income statement
($000's except per share amounts) | For the three-month period ended September 30, (unaudited) | For the nine-month period ended September 30, (unaudited) | ||||||
2013 | 2012 | 2013 | 2012 | |||||
Revenue | 3,349 | 3,038 | 10,419 | 9,000 | ||||
Gross profit | 914 | 917 | 2,560 | 2,748 | ||||
Operating loss | (35 | ) | (259 | ) | (611 | ) | (327 | ) |
Net loss | (156 | ) | (292 | ) | (929 | ) | (449 | ) |
Basic and diluted net loss per share attributable to shareholders of ODESIA Group Inc. | (0.004 | ) | (0.008 | ) | (0.024 | ) | (0.015 | ) |
Statement of financial position
($000's) | September 30, 2013 (unaudited) | December 31, 2012 (audited) |
Total assets | 7,400 | 7,384 |
Convertible debentures and long-term debt including short-term portions | 1,679 | 1,858 |
Additional information on the third quarter ended September 30, 2013
The financial information regarding the third quarter ended September 30, 2013 should be read in parallel with the Company's consolidated financial statements and MD&A (Management Discussion and Analysis). These documents can be found on www.sedar.com
About ODESIA
Founded in 1998, ODESIA Group Inc. is a Canadian Information Technology (IT) consulting and solutions company headquartered in Montreal. ODESIA offers solutions in Business Intelligence, Business Process Management and Big Data Analytics. ODESIA's mission is to help its clients improve operations efficiency, enhance process performance and make better business decisions by mastering the right information at the right time and the right place. Website: www.odesia.com
ODESIA is listed on the Toronto Venture exchange under the symbol "ODS".
Disclaimer in regards to forward-looking statements
This press release contains forward-looking statements which reflect ODESIA's current expectations regarding future events and may involve risks or uncertainties. Actual results could differ materially from those projected herein.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ODESIA Group Inc.Mr. Nicolas BonnafousPresident & CEO514.876.1155nbonnafous@odesia.com
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