Annual financial report outExcellent annual financial results with updates. Please see them at Sedar.com
The following is a quote from the MD&A:
SIGNIFICANT HIGHLIGHTS:
Memex reported $2.85 million in revenue for the year and $1.08 million for the quarter ended September 30, 2018.; this compares to $2.01 million for the year and $626 thousand for the quarter ended September 30, 2017 and represents a 42% year-over-year improvement and a 72% quarter-over-quarter increase.
Q4-2018 revenue was the highest quarterly level ever reported, and the first time over the million-dollar level.
Bookings for the year totalled $2.75 million, up 16% from a year ago.
Memex’s cash consumed from operations in Q4-2018 (before changes in non-cash items) was $22 thousand, the lowest quarterly consumption in the Company’s history.
Record bookings were achieved in Q1-2019, ending December 31st, 2018 of just over $1.0 million. These strong bookings came on the back of participation at the International Manufacturing Technology Show (“IMTS”) in Chicago in September which continues to draw increased interest through inquires and requests for demos and more information about MERLIN Tempus.
MD&A For the years ended September 30, 2018 and 2017 2.
The evolution of Tempus has continued with the development of add-on feature, MERLIN Performance Management Model (“MPMM”), available for use with the latest version release. MPMM is designed to leverage existing Continuous Improvement (“CI”) resources and expertise to quickly identify and target CI initiatives enterprise wide.
Memex has developed relationships with several large Enterprise Resource Planning (“ERP”) solutions providers to seamlessly integrate MERLIN Tempus with leading ERP systems and provide unparalleled shop floor to top floor visibility. This capability has already resulted in several new customer wins and the expansion of existing customer deployments.
Cheers!