IWG Technologies (TSX-V: IWG)
Basic Shares: 37.6 million
Fully Diluted: 39.7 million
Fully Diluted: 39.7 million
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This morning,
IWG Technologies released its third quarter and nine month results for Fiscal
2012, ended June 30th.
Highlights of
the reporting periods are as follows:
- A quarterly sales record at $1.62M up 47% from the same
quarter a year ago.
- Nine month sales of $4.35M up 34% from the same period
FY2011.
- Quarterly net loss of $11K, vs. net earnings of $14K the
same quarter a year ago.
- Nine month net earnings of $208K up 32% from FY2011.
- Earnings before taxes and an exceptional item for the third quarter were $280K vs. $112K a year earlier.
According to the news release, “Current results reflect
the continued impact of new programs entering early production phase and
customer acceptance of our newly acquired on-demand water heater products. Also
reflected in this quarter is the contract settlement cost impact as a result of
the departure of the Company's President and CEO. Income from operations before
contract settlement impact was $279,963, a 150%
increase over the prior period.”
