RE: News out - Revenue up 66%Hi Grenchman,
Sorry - it's a PDF file and I can't copy it.
FYI the whole report looks great. Costs are down (relative to income), revenue is up and it looks like they are in an excellent growth postition right now.
I will copy the first 3 paragraphs for you here...
OVERVIEW
We continued to achieve our goal of profitable revenue growth in the 2nd quarter of 2005.
In the quater, RAM recorded revenue of $980,417 compared to $591,155 in the second quarter last year; an increase of 66%. The growth came primarily from increases in our on-line media development business by expanding our relationships with two key clients, Travel Alberta, and Shell Canada.
Our EBITA for the quarter was $98,852 compared to $31,860 last year and our net profit was $48,061 compared to $1,890.
For the 6 months ending Dec 2004, revenues were $1794,688, a 60% increase over $1,125,152 for the same 6 month period last year. EBITDA and net profit for th eperiod were $142,873 and $56,676 compared to $82,150 and $21,069 in the same period last year, a 74% and 145% improvement."
I have just pulled my asks and am sure that others will as well with this news. I will be holding on for the future and am confident to add to my position. This news should move the market north a few cents tomorrow and I think that recent highs can and will be surpassed over the next couple of quarters.