TSXV:OEE.H - Post by User
Post by
IRISSIRIOUSon Dec 15, 2016 9:24am
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Post# 25603383
NEWS!!!
NEWS!!!
Summary Financial Highlights for the Year Ended September 30, 2016:
- Memex reported revenue of $2.91 million, 51% higher than a year ago;
- Gross margin of 66.2% was up from 58.9% reported a year ago;
- Bookingsi for the year were $3.42 million (with no comparative information available);
- The Company reported a net and comprehensive loss of $2.81 million for the year, equating to a $0.028 loss per share. This compares with a $2.35 million net and comprehensive loss last year, and a $0.030 loss per share; and
- At September 30, 2016, the Company had $4.16 million in current assets including $2.90 million in cash and $3.11 million in working capital. Subsequent to year-end, Memex added $464 thousand to its cash reserves through 2.33 million redeemed Warrants.
Management Commentary:
"2016 was a transition year where early adopters more fully understood the value of our data-driven manufacturing solutions. Additionally, customers expanded their current deployments of our platform, and new prospects were asking about enterprise wide deployment strategies," said David McPhail, President and CEO of Memex. "At IMTS, we introduced a whole new range of next generation IIoT products, and we believe that these products will increase MERLIN's value proposition in Cisco's Connected Machines Strategy."