Synodon Inc SYXXF

Technology Scientific & Technical Instruments

Synodon Inc. (Synodon) is a Canada-based company focused on providing aerial integrity management solutions for oil and gas pipeline operators. The Company has developed a remote gas sensing instrument called realSens that is capable of detecting ground-level hydrocarbon gas occurrences from an aircraft flying at an altitude of approximately 300 meters (approximately 1,000 feet). The instrument contains a high definition photographic camera, a thermal camera, laser altimeter, global positioning system (GPS)/inertial navigation system (INS) system, on-board computer, control unit, power supply and an in-cockpit display system. It offers airborne pipeline integrity management services to operators of oil and gas pipelines, which include leak detection, pipeline threat assessment, Right-of-Way (R0W) change and slope analysis, tree canopy encroachment, water crossing analysis (including three-dimensional (3-D) water crossings analysis) and pipeline location classification services.

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Synodon Inc

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Comment by sbmanon Apr 24, 2013 8:42pm

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Post# 21297397

RE: SYD Presentation

Thanks for the link. He gives enough information at the end that together with the last quarter's financials we can attempt some projections if they meet their targets.

Assuming annual SG&A of 2.2M, depreciation of the units at 10%/year, 26% tax rate, and 100m o/s I get net income of 2.5c/share for 2014 and 8c/share for 2015.

SG&A might rise of course though it doesn't have to. Against that they subsequently announced use of a smaller helicopter to cut operating costs.

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