Dienstag,
30.04.2019 21:28
von
PR Newswire
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Novra Announces Fourth Quarter and Fiscal Year 2018 Financial Results
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Canada NewsWire
WINNIPEG, April 30, 2019
WINNIPEG, April 30, 2019 /CNW/ - Novra Technologies Inc. ("Novra") (TSX-V: NVI) today announced its financial results for the fourth quarter and fiscal year ended December 31, 2018. All amounts are in Canadian dollars unless otherwise noted.
Q4 and Year 2018 Consolidated Financial Results
The following financial summary shows results for the full year 2018 and highlights positive results for the fourth quarter.
| | | | | | |||||||||||||
| (in thousands, except for Gross margin and % Chg) | | Three months Ended December 31, | | Year Ended December 31, | |||||||||||||
| | | 2018 | | 2017 | % Chg | | 2018 | | 2017 | % Chg | |||||||
| Revenue by type: | | | | | | | | | | | |||||||
| Products | | $ | 2,714 | | $ | 1,398 | 94% | | $ | 8,208 | | $ | 8,183 | 0% | |||
| Services | | 692 | | 403 | 72% | | 2,422 | | 1,349 | 80% | |||||||
| Total revenue | | 3,406 | | 1,801 | 89% | | 10,630 | | 9,532 | 12% | |||||||
| | | | | | | | | | | | |||||||
| Gross profit | | 1,854 | | 918 | 102% | | 5,579 | | 4,804 | 16% | |||||||
| Gross margin | | 54.4% | | 51.0% | | | 52.5% | | 50.4% | | |||||||
| Operating expenses | 1,603 | | 1,010 | 59% | | 6,411 | | 3,853 | 66% | ||||||||
| | | | | | | | | | | | |||||||
| Operating income (loss) | | 252 | | (93) | NM | | (831) | | 952 | NM | |||||||
| Other income (expenses) | | 284 | | (52) | NM | | 279 | | (174) | NM | |||||||
| Net income (loss) as reported under IFRS | | $ | 535 | | $ | (145) | NM | | $ | (553) | | $ | 778 | NM | |||
| | | | | | | | | | | | |||||||
| Adjusted EBITDA - non-IFRS measure | | $ | 647 | | $ | 41 | NM | | $ | 319 | | $ | 1,417 | -77% | |||
| NM – Not meaningful | |
| (1) | Amounts in the table may not reconcile due to rounding differences. |
| (2) | Adjusted EBITDA is a non-IFRS measure and as such does not have any standardized meaning prescribed by IFRS. Therefore, other companies may calculate this non-IFRS measure differently, and our Adjusted EBITDA may not be comparable to similar titled measures of other companies. Readers are cautioned to not place undue reliance on this financial measure and are encouraged to read all IFRS accounting disclosures presented in the audited Consolidated Financial Statements. Refer to the Management's Discussion & Analysis ("MD&A") for a reconciliation of Adjusted EBITDA to Net income (loss) as reported under IFRS. Werbung Mehr Nachrichten zur Novra Technologies Inc. Aktie kostenlos abonnieren
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