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Bullboard - Stock Discussion Forum Cortex Business Solutions Inc. CTPNF

"Cortex Business Solutions Inc is a network-as-a-service company, which focuses on helping businesses within North America to transform their manual and costly invoice processes by enabling buyers and suppliers to send and receive invoices electronically."

OTCPK:CTPNF - Post Discussion

Cortex Business Solutions Inc. > Horrible business results!
View:
Post by Papagallo on Mar 14, 2015 7:18am

Horrible business results!

CALGARY, ALBERTA, Mar 13, 2015 (Marketwired via COMTEX) -- Cortex Business Solutions Inc. (CBX)(otcqx:CTPNF), an enterprise e-Procurement solutions company, reported network statistics for its fiscal second quarter ended January 31, 2015.

Fiscal Q2 2015 Network Statistics Summary

 -- Signed 2 new 100% e-Billing solution customers. -- Signed 4 new buying organizations in Canada, and 1 new buying organization signed in the United States -- Added 496 new suppliers to the Cortex Network, a decrease of 30% from Q1 2015. -- Active buying organizations on the Cortex Network remained flat from Q1 2015, totaling 78. -- Active suppliers on the Cortex Network increased 1% to 8,752 compared to Q1 2015. -- Billable transactions decreased 3% to 1,423,818 compared to Q1 2015. -- Total transactions decreased 3% to 3,915,442 compared to Q1 2015. 
Comment by runner115 on Mar 14, 2015 8:32am
Revenue was almost 3 milllion 1 million abve the last quarter hows that so horrible?
Comment by Papagallo on Mar 14, 2015 8:37am
A virtual standstill on new business....I did not see the revenues posted.....but why no viral growth for the network?
Comment by buybuy on Mar 14, 2015 7:12pm
The year over year results looks pretty good. The last quarter may have been slow due to the oil issues (big companies likely weren't too concerned with signing up for e-billing solutions with other things to worry about). I'm happy with these results...but I'd obviously like to see the financials, too.
Comment by runner115 on Mar 14, 2015 8:33pm
google it its all there
Comment by zerocool42 on Mar 15, 2015 12:33pm
financials are available here: https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00013583
Comment by runner115 on Mar 14, 2015 8:33pm
Access and usage fees increased fom 1.8 million to 2.5 million cash profits increased from 49 percent to 61 percent
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