Adya Announces Results for the Three and Six Months Ended June 30, 2018
Adya Inc. (“Adya” or the “Company”), (TSX-V: ADYA) today announces it has released its unaudited condensed interim consolidated
financial statements for the three and six months ended June 30, 2018.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180829005737/en/
SUMMARY OF SELECTED FINANCIAL AND OPERATIONAL HIGHLIGHTS
The following Summary of Selected Financial and Operational Highlights have been derived from the unaudited condensed interim
consolidated financial statements for the three and six months ended June 30, 2018 and June 30, 2017 and the MD&A for the three
and six months ended June 30, 2018 (the “Financial Statements”). Readers are encouraged to review the entire Financial Statements.
All amounts are in Canadian dollars.
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Three months ended June 30, |
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Six months ended June 30, |
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2018
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2017
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2018
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2017
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Revenue |
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$ |
2,157,849 |
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$ |
2,859,270 |
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$ |
4,421,029 |
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$ |
5,842,893 |
Gross Margin |
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$ |
911,818 |
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$ |
1,216,172 |
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$ |
1,840,060 |
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$ |
2,475,488 |
Gross Margin % |
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42% |
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43% |
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42% |
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42% |
EBITA |
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$ |
(43,985) |
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$ |
75,576 |
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$ |
(43,014) |
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$ |
81,861 |
Adjusted EBITA |
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$ |
(43,985) |
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$ |
75,576 |
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$ |
(43,014) |
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$ |
193,320 |
Net loss |
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$ |
(145,330) |
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$ |
(31,283) |
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$ |
(113,194) |
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$ |
(170,361) |
Loss per share - basic and diluted |
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$ |
(0.00) |
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$ |
(0.00) |
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$ |
(0.00) |
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$ |
(0.01) |
A complete financial reporting package, including the Unaudited Condensed Interim Consolidated Financial Statements and Notes
and MD&A for the three and six months ended June 30, 2018, is available on our corporate website (www.adya.ca),
at SEDAR website (www.sedar.com)
or via email to investorrelations@adya.ca or via phone at
416-499-5463.
ABOUT ADYA
Adya is a publicly traded holding company and currently a strategic shareholder in telecommunications and technology companies.
With offices located in Toronto, Canada, the Company is focused on diversifying its portfolio through the acquisition of accretive
businesses, with recurring revenue, high shareholder value, and annuity revenue streams.
DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements herein may be “forward looking” statements that involve known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or achievements of Adya or the industry to be materially different from any
future results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements
involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not
necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results
to vary significantly from the results discussed in the forward looking statements. These forward looking statements reflect
current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Adya
assumes no obligation, except as required by law, to update any forward looking statements to reflect new events or
circumstances.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Adya Inc.
Mr. Rajiv Jagota, 416-499-5463
President and CEO
rjagota@telehop.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20180829005737/en/