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PAD Pan Andean Minerals Ltd

0.18
0.00 (0.00%)
09 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Pan Andean Minerals Ltd TSXV:PAD TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.18 0.16 0.18 0 01:00:00

Parta Dialogue Announces a 31% Increase of its Revenues for its Nine-Month Period Ended February 28, 2013

30/04/2013 3:41pm

Marketwired Canada


Parta Dialogue (TSX VENTURE:PAD) an up and coming leader in Social Media
Optimization and Social Learning for organizations at the forefront of digital
strategy, released results for its most recent nine-month period ended February
28, 2013. Revenues have increased by 31% compared to the nine-month period ended
February 29, 2012 and by 105% compared to the nine-month period ended February
28, 2011. Condensed interim unaudited consolidated Financial Statements and
Management Report are available on SEDAR's website at www.sedar.com.


In addition to the $598K increase in revenues for the nine-month period, Parta
has also announced that, in comparison to the same nine-month period ended
February 28, 2013, its cost of sales have increased by 85% and the cost of
marketing and sales have increased by 113% to support the Company's growth plan
and the rapid development of Version 2.0 of its eValue(TM) Social Media ROI
Suite. Operating expenses also includes $188K expenses related to the
acquisition of M Thirty Communications Inc. in September 2012.


CEO Paull Allard expanded on the results by saying: "We are at a critical
inflection point in our business cycle. We have invested heavily in product
development and sales and marketing and it's time for the business to deliver.
We are satisfied with the year-over-year revenue growth but have even higher
expectations of our business units for the coming quarters - as we move out of
what is typically a budget and planning season. We are seeing great traction on
the front lines: broadening of the business development pipeline, referrals,
repeat clients, larger budgets and international sales. The challenge is to
build revenues to the point where the business is self-sustainable. The slowdown
in development costs will aid with that balance. Our people are up to the
challenge, our clients have great things to say and we think our offering will
bring us success in the market-place." 


OVERALL PERFORMANCE

For the nine-month period ended February 28, 2013, the Company shows a net loss
attributable to shareholders of $1,995,179 compared to a net loss of $332,972
for the nine month period ended February 29, 2012 and a net loss of $584,350 for
the nine-month period ended February 28, 2011. Revenues have increased by 20%,
from $670,944 for the quarter ended February 29, 2012 to $803,841 for the
quarter ended February 28, 2013. For the comparative nine-month periods,
revenues increased for 14% in E-Learning services and increased for 44% in
Social Media services. Increases in the Cost of Sales and Sales and Marketing
reflect the massive investment that the Company has made in the development and
commercialization of its new product eValue(TM) Social Media ROI Suite.


The gross profit decreased by 63% from $706,458 (37% of sales) for the
nine-month period ended February 29, 2012 to $264,336 (10% of sales) for the
nine-month period ended February 28, 2013. The operating expenses have increased
by 117%, from $1,039,318 (54% of sales) for the nine-month period ended February
29, 2012 to $2,259,729 (89% of sales) for the nine-month period ended February
28, 2013. For the comparative periods, the Sales and Marketing expenses have
increased by 113% and the General and Administrative expenses have increased by
121%. Adjusted EBITDA decreased by $1,321,354 from $15,290 -or 1% of sales- for
the nine-month period ended February 29, 2012 to ($1,306,064) - or (52%) of
sales - for the nine-month period ended February 28, 2013. For the comparative
periods, loss per share was ($0.03) for the nine-month period ended February 28,
2013, to be compared to ($0.01) for the nine-month period ended February 29,
2012 and ($0.03) for the nine-month period ended February 28, 2011. PARTA's
total assets as at February 28, 2013 amounted to $3,961,513, an increase of
$584,400 from May 31, 2012.


About Parta 

Parta Dialogue is an up and coming leader in Social Media Optimization and
Social Learning for organizations at the forefront of digital strategy. Our
clients include some of the largest and some of the smallest (but hippest)
companies in the world, and the list is growing. Parta is aggressively investing
in technology and acquisitions to build a robust offering as a full-service
digital agency that utilizes technology and expertise to listen, strategize,
publish (Sharecasting(TM)), promote and measure (eValue(TM)) your social
marketing programs. Parta is the company behind Edu-Performance and
#engagementlabs.


Many visionary businesses already employ Parta's solutions for internal and
external online engagement. Among these are Proctor and Gamble, Nestle, Durex,
Budweiser, IBM, Mazda, Universal Pictures and Rock the Vote.
www.partadialogue.com


PARTA is listed on the TSX Venture Exchange under the symbol PAD and operates
through two subsidiaries:


#engagementlabs, an all-digital agency offering a targeted range of social
strategies, customized engagement platforms and analytic tools to measure
performance and ROI totally focused on social engagement & optimization:
www.engagementlabs.com.


edu-performance, totally focused on internal engagement and productivity,
Edu-Performance offers customized Social Learning and online training solutions:
www.eduperformance.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Paul Allard, President & CEO
Parta Dialogue Inc.
+1 (514) 831-4245
paul.allard@partadialogue.com


Jeff Armstrong
Corporate Development/Investor Relations
Parta Dialogue
+1 (416) 627-2228
Jeff.armstrong@partadialogue.com

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