Q2 ResultsQ2 Results
Q2 F2015 Financial Summary
- Revenue of $15.4 million, compared to $9.0 million in Q2 F2014.
- Operating Expenses of $8.1 million, compared to $5.5 million in Q2 F2014.
- Adjusted EBITDA(1) of $1.4 million, compared to $369 thousand in Q2 F2014.
- Net loss of $3.1 million, compared to a net loss of $1.7 million in Q2 F2014.
- Cash of $5.5 million as at June 30, 2015, and with $2.0 million available in lines of credit for total cash resources of $7.5 million.
Proud continued, "In accordance with our plan, we saw a reduction in deferred development by more than $0.5 million from the previous quarter and we are confident that GuestLogix is firmly on the path of renewed shareholder value and sustainable growth as a new and formidable entity."