• Clemex Discloses First Quarter Results of 2016

    29/09/2015 12:00:00 AM

    Montreal, QC – September 29th, 2015-- Clemex Technologies Inc. (TSXV: CXG.A), designer and manufacturer of Image Analysis systems and software for microscopy applications, announces its financial results for the first Quarter of FY2016 ending July 31st, 2015.  Sales are lower and reached $1,404,175 compared to $1,568,039 for the same period last year. This decrease in sales was compensated by a higher gross margin of 58.0% and lower expenses which allows the Corporation to end the quarter with a Net Result of $ 977, ($3,327 attributable to Clemex), compared to a net loss of $34,915 ($34,165 attributable to Clemex) posted last year.

    During this first Quarter, the Corporation made several sales to major clients in the manufacturing sector in the United States. The Company also concluded important sales abroad in India and Turkey. However, sales were much lower in Canada for the first quarter.

    FINANCIAL HIGHLIGHTS

     

              First  quarter

     

     

    Fiscal year

    2016

    2015

     

     

     

           

             $

           $

     

        

          

    Sales                                                    

    1, 404,175

    1, 568,039

     

     

     

     

     

     

     

     

     

    Gross Margin

    814, 726

    823, 340

     

     

     

    Gross Margin %                                    

            58,0%

          52,5%

     

     

     

    Operationg Expenses

    771,749

    828,755

     

     

     

               

    Income Taxes

    42 000

    68,000

     

     

     

    Net Result 

    977

    (34 915)

     

     

     


    Net Result attribuable to Clemex Technologies Inc.   
     

        3,327    (34 165)      

    Global Result per share (basic & diluted)

            -  

          (0,001) 

     

      

            

     

    Yves  Bassat, President and CEO, declared: “These results are in line with our budget and forecasts. Despite a gloomy quarter, we managed to achieve a modest profitability, but a significant increase compared to a loss of $ 35,000 over the same period of 2014. We now begin the second part of the semester of our fiscal year and we are working to align our short and medium-term efforts, while a renewed team is gradually being implemented to aim at giving CLEMEX the means of its new ambitions."

    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.