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 > Margin Expansion

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Comment by Sir_Holleron Mar 02, 2015 2:50pm

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RE:Margin Expansion

I am certainly impressed that they managed to expand their gross margin from 50% to 76%!
Read more at https://www.stockhouse.com/companies/bullboard/v.syd/synodon-inc#gtB7QWltCxzbO0qc.99

That was as of the quarter ending October. Now they have certification for the smaller helicopter which is expected to increase operating margins according to the Feb. news release. Also affecting costs may be the lower oil prices affecting fuel costs. The lower Canadian dollar should also lower costs as much of SYD's work is performed in the US.

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