• Clemex Announces Third Quarter Results for FY 2007

    06/03/2007 12:00:00 AM

    Tuesday, March 06, 2007 - Clemex Technologies Inc. (TSX Venture CXG.a), designer and manufacturer of Image Analysis systems and software for microscopy applications, announced today its third quarter results ending January 31 2007. For the third quarter of FY 2007, sales reached $1,463, 992 while they were $1,564,570 for the same period in 2006. The Corporation posted a Net Profit of $79,179 compared to $172,303 for the same period last year and the Gross margin decreased slightly from 59% to 57%.

    During that third quarter, the Company’s major sales were to Ball Aerospace, Boulder CO, Linamar, Guelph Ont., Exxon Mobile, Annandale NJ, Hyundai Steel, Korea, Abbott Vascular, Murrieta CA and Brenco, Petersburg VA,

    Financial Highlights:

     
    Q3

    9 Months

     
    2007
    2006
    2007
    2006
     

    $

    $

    $

    $

    Sales

    1,463,992

    1,564,570

    4,146,840

    4,515,381

    Cost of Sales

    631,203

    634,637

    1,748,590

    1,850,718

    Gross Margin

    832,789

    929,933

    2,398,250

    2,664,663

     

    57%

    59%

    58%

    59%

    Operating Expenses

           

    Sales and Marketing

    400,281

    384,471

    1,172,530

    1,055,864

    Administrative Expenses

    207,469

    151,420

    559,681

    462,259

    R&D less Tax credits

    120,097

    145,980

    374,460

    383,049

    Amortization

    27,566

    24,211

    69,953

    70,280

    Financial Expenses

    (1,783)

    51,548

    78,226

    160,084

     

    753,630

    757,630

    2,254,850

    2,131,536

             

    Net earnings

    79,159

    172,303

    143,400

    533,126

             

    Net earnings

           

    Net earnings per share

    79,159

    172,303

    143,400

    533,126

     

    0.004

    0.010

    0.008

    0.030

    Clement Forget, President and CEO of Clemex Technologies declared: “This is our ninth consecutive profitable quarter. Expenses and operation costs are well under control while we maintain a very decent gross margin of 58% after nine months of operations”. He continued “We have sold fully integrated systems for new and very high technology applications during this quarter, one to Ball Aerospace of Boulder Colorado who will use our robotized instrument to inspect high performance components entering in the fabrication of satellites and a second instrument to Abbott Vascular in Murrieta CA for cleanliness assessment on some medical device components. These sales open a new field of application for ultra-clean environments and we anticipate more sales in that sector in a short term.”

    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.