Tennant Co V.TNC

Primary Symbol: TNC

Industrials

Tennant Company is engaged in designing, manufacturing and marketing solutions. The Company’s products include floor maintenance and cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, and asset management solutions. Its products are used in many types of environments, including factories and warehouses, distribution centers, office buildings, public venues, such as arenas and stadiums, schools and universities, hospitals and clinics, and more. The Company markets its offerings under various brands: Tennant, Nobles, Alfa Uma Empresa Tennant, IPC, Gaomei and Rongen brands as well as private-label brands. The Company has approximately 11 global manufacturing locations and operates in three geographic areas including the Americas, Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC).

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Tennant Co > TIO Networks 2015 Q2 Earnings Notice and Conference Call

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Comment by CasusFortuituson Mar 30, 2015 9:05pm

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Post# 23579475

RE:TIO Networks 2015 Q2 Earnings Notice and Conference Call

Vancouver, BC, March 30, 2015 - TIO Networks Corp. (TSX-V: TNC) today announced fiscal second quarter 2015 financial results for the period ended January 31, 2015

Quarterly financial & business highlights

Revenue increased 53% YoY (year over year) to $15,307,508
Gross profit increased 103% YoY to $5,905,878
Gross margin increased YoY to 38.6% from 29.2%
Processed more than 12 million transactions worth about $1.29 billion representing 132% YoY transaction growth
Finished the period with $36,352,119 in cash and cash equivalents and restricted cash (including cash held to fulfill bill payment obligations) and no long-term debt
TIO’s direct-to-consumer membership surpassed the 1 million-member mark and ended the quarter with 1.03M end-user registrations. This number includes all end users registered in the Company’s “TIO” and “ChargeSmart” branded consumer bill payment programs
The Company has maintained its highest level of R&D and IT investment ever at $1.1M designed to support the expansion of large customers and accomplish key integration milestones
TIO experienced continued success with its investments to support the integration and migration efforts of its largest billing partner to the extent that this transition is proceeding ahead of schedule and will be substantially complete before the end of FY 2015
Subsequent to the end of the quarter, the company initiated and began to realize a number of acquisition related synergies and other expense reductions worth approx. $1.5M per year in savings scheduled to be completed by the end of the fiscal year.