• Clemex Discloses Third Quarter Results

    19/03/2013 12:00:00 AM

    Montréal (Québec), March 19 2013 – Clemex Technologies Inc. (TSXV: CXG.A), designer and manufacturer of Image Analysis systems and software for microscopy applications, announces its financial results for the third Quarter of FY2013 ending January 31st, 2013.  For this third Quarter, sales reached $1,494,978 a decrease of 8.5% compared to the same period last year. The Corporation ends this quarter with a Net Result of $17,669 compared to a Net Result of $66,341 posted last year. For the nine month period of FY2013, sales reached $4,370,581 compared to $4,289,280 last year while the Company posted a Net Result of $74,451 compared to a Net Result of $32,098 for the same period last year. 

    During this third Quarter, the Corporation made several sales to clients in the manufacturing sector in North America: CamCraft, IL, Exxon Mobil, TX, Charter Automotive, WI, LM Enterprises, FL, Federal Mogul, MI and Blue Water, IL.  As for the International side, the Corporation made major sales to West Pharma, Germany and to its Distributor in Turkey, Karfo-Endustriyel.

     

    FINANCIAL HIGHLIGHTS

     

    Quarter

    Nine months

     

    Fiscal Years

    2013

     

    2012

     

    2013

     

    2012

     

    $

     

    $

     

    $

     

    $

    Sales

    1,494,978

     

    1,634,138

     

    4,370,581

     

    4,289,280

                   

    Gross Margin

    841,939

     

    904,295

     

    2,383,872

     

    2,333,805

    Gross Margin %

    56.3 %

     

    55.3 %

     

    54.5 %

     

    54.4 %

    Total Operating Expenses

    784,588

     

    795,454

     

    2,196,739

     

    2,194,207

                   

    Income Taxes

    36,100

     

    42,500

     

    109,100

     

    107,500

                   

    Net Result attributable
    to Clemex Technologies Inc.

    17,669

     

    66,341

     

    74,451

     

    32,098

                   

    Global Result per share
    (basic and diluted)

    0.001

     

    0.003

     

    0.002

     

    0.001

     

    Clement Forget, President and CEO of Clemex Technologies Inc. declared: “Despite the fact that sales for this Quarter are slightly lower than for the same period last year, we are pleased with the results of this third Quarter of 2013. The manufacturing sector in the USA is still unstable despite the automotive sector regain of activity and we have difficulties to conclude sales in other sectors such as the Aerospace and Pharmaceutical industries. On the positive side, despite the reduced sales, an improvement in our Gross Margin allowed us to generate a Net Profit of $17,669.

     

    Mr. Forget continues “With regards to our Hematology project, we have implemented two instruments in specialized laboratories for validation over the last three months; one of them being a Hospital. A third instrument is to be implemented in another hospital at the end of this month.  Finally, we are pleased to announce that the Company signed a commitment to buy a parcel of land of 10 000 square meters in the Technological Park in Saint-Bruno-de-Montarville for an office building to be built in 2014.”

     

    About Clemex Technologies, Inc.

    Clemex Technologies Inc. develops, manufactures and markets image analysis systems and software used by quality control and research microscopy laboratories. Clemex’s customer base spans the globe and encompasses prestigious Universities and Research Centers in many scientific domains, large and medium size manufacturing facilities in numerous industries including automotive, aerospace, raw materials manufacturing, pharmaceuticals, mining and other sectors.