Clemex Announces Third Quarter Results for FY 2007 - 9th profitable Quarter in a row



    Symbol: CXG.A-CDNX
    www.clemex.com
    Shares Outstanding: 18,793,060

    MONTREAL, QC, March 6 /CNW Telbec/ - 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
    -------------------------------------------------------------------------
                    Fiscal Year     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 over many countries in America,
Europe, Asia and encompasses major Research and Development Centers,
prestigious Universities and large manufacturing industries in various fields
including automotive, aerospace, raw materials manufacturing, pharmaceuticals,
mining and other sectors.

    The CDNX has not reviewed and does not accept responsibility for the
    adequacy and accuracy of this news release.




For further information:

For further information: CLEMEX TECHNOLOGIES INC: Clément Forget, (450)
651-6573, ir@clemex.com

Organization Profile

Clemex Technologies Inc.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890