12 May 2014 16:00 ET
Marketwire Canada GuestLogix Inc. (TSX:GXI), the leading global provider of onboard retail and payment technology to airlines and the passenger travel industry, today announced its financial and operational results for the three-month period ended March 31, 2014. All financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS") and reported in U.S. dollars. "We are proud to report another record revenue quarter to start off 2014, with a 22% increase in our revenue performance compared to the same quarter in the previous year," said Brett Proud, President & CEO GuestLogix. "When excluding certain restructuring costs in the quarter, the Company delivered an adjusted EBITDA result of $0.4 million and saw significant improvement in our Net Income line quarter over quarter. With the current size of our deployment backlog, I am confident this growth momentum will rapidly accelerate as we go live with more customers over the next two quarters." |