RE:earnings todayHad to find this on Sedar.com as not posted elsewhere yet.
Quarter continues the year trend of higher sales .
Total revenue for the fourth quarter ended April 30, 2020 increased to $27.7 million, $4.5 million or 20% higher, compared to $23.2 million for the same period of fiscal 2019. The U.S. dollar averaged CA$1.3765 in the fourth quarter of fiscal 2020 in comparison to CA$1.3321 in the fourth quarter of fiscal 2019. Approximately 64% (2019 – 58%) of the Company’s revenues were generated in U.S. dollars during the fourth quarter of fiscal 2020. In comparison to the fourth quarter of fiscal 2019, the stronger U.S. dollar offset by the Company’s partial hedging of U.S revenue gave rise to a favorable revenue variance of $0.7 million. The stronger U.S dollar gave rise to an unfavorable variance of $0.1 million on operating expenses during the fourth quarter of fiscal 2020 compared to the fiscal 2019 period.Overall total contract bookings amounted to $40.9 million in the fourth quarter of fiscal 2020, an increase of 112% in comparison to $19.2 million for the same period last year. During the fourth quarter of fiscal 2020, the Company signed 8 new accounts with a total contract value of $25.4 million compared to 9 new accounts with a total contract value of $6.7 million in the fourth quarter of fiscal 2019.