Triant Reports Third Quarter 2007 Financial Results



    VANCOUVER, Nov. 13 /CNW/ - Triant Holdings Inc. (TSX: TNT) reports
financial results for the third quarter ended September 30, 2007 (expressed in
Canadian dollars), which will also be posted on Triant's website at
www.triant.com and available on SEDAR at www.sedar.com. Triant will host a
conference call today, Tuesday, November 13, 2007 at 10:00 a.m. Pacific Time
(1:00 p.m. Eastern Time) to discuss these financial results.
    Revenue for the third quarter ended September 30, 2007 was $859,868
compared to $2,289,982 for the third quarter ended September 30, 2006.
Triant's revenue is derived principally from the sale of ModelWare software
licenses, hardware products and related services, including software updates
and maintenance services provided pursuant to annual service agreements,
man-on-site agreements, and systems integration services. Included in revenue
for the third quarter of 2007 were $171,963 (or 20%) from the sale of licenses
and products and $687,905 (or 80%) from services and maintenance provided by
Triant's systems integration and customer support groups, compared to
$1,525,580 (or 67%) and $764,402 (or 33%), respectively, for the third quarter
of 2006.
    During the third quarter of 2007, the Company received $0.6 million in
new orders compared to $1.7 million for the third quarter of 2006. At
September 30, 2007, the Company had $0.5 million in total of deferred revenue
and backlog (defined as the unbilled portions of purchase orders received from
customers, which is not a standard measure that may not be comparable to other
companies) compared to $1.3 million at September 30, 2006. Triant continues to
pursue the sale of fab-wide licenses of ModelWare and service and maintenance
contracts and related products with primarily Asian semiconductor and flat
panel display manufacturers, as well as other adjacent markets.
    Operating expenses for the third quarter ended September 30, 2007 were
$1,132,570 compared to $1,268,677 for the third quarter ended September 30,
2006. The decrease in operating expenses for the third quarter of 2007
compared to the third quarter of 2006 was attributable to lower selling,
general and administrative expenses, partially offset by higher research and
development expenses.
    For the third quarter ended September 30, 2007, loss from operations was
$536,022 compared to earnings from operations of $538,828 for the third
quarter ended September 30, 2006. This change to a loss from operations for
the third quarter of 2007 compared to earnings from operations for the third
quarter of 2006 was primarily a result of lower revenue, partially offset by
lower cost of revenue and operating expenses for the third quarter of 2007.
    For the third quarter ended September 30, 2007, net loss was $625,650
compared to net earnings of $519,502 for the third quarter of 2006. This
change to a net loss from net earnings was primarily the result of lower
revenue for the third quarter of 2007. Net loss for the third quarter ended
September 30, 2007 and 2006 also includes foreign exchange losses of $104,057
and $24,544, respectively.
    For the third quarter ended September 30, 2007, loss per share was $0.15
compared to basic and diluted earnings per share of $0.13 for the third
quarter ended September 30, 2006.
    Revenue for the nine months ended September 30, 2007 was $2,691,592
compared to $4,649,001 for the nine months ended September 30, 2006. Included
in revenue for the nine months ended September 30, 2007 were $585,684 (or 22%)
from the sale of licenses and products and $2,105,908 (or 78%) from services
and maintenance provided by Triant's systems integration and customer support
groups, compared to $2,412,236 (or 52%) and $2,236,765 (or 48%), respectively,
for the nine months ended September 30, 2006.
    During the nine months ended September 30, 2007, the Company received
$2.3 million in new orders compared to $5.3 million for the nine months ended
September 30, 2006.
    Operating expenses for the nine months ended September 30, 2007 were
$3,557,238 compared to $3,520,171 for the nine months ended September 30,
2006. The increase in operating expenses for the nine months ended
September 30, 2007 compared to the nine months ended September 30, 2006 was
attributable to higher research and development expenses, partially offset by
lower selling, general and administrative expenses.
    For the nine months ended September 30, 2007, loss from operations was
$1,643,009 compared to earnings from operations of $56,039 for the nine months
ended September 30, 2006. This change to a loss from operations for the nine
months ended September 30, 2007 compared to earnings from operations for the
nine months ended September 30, 2006 was primarily the result of lower
revenue.
    For the nine months ended September 30, 2007, net loss was $1,469,459
compared to net earnings of $1,008,077 for the nine months ended September 30,
2006. This change reflected the combined effect of the change to a loss from
operations and lower non-operating income items for the nine months ended
September 30, 2007 (which included a gain on sale of marketable securities of
$334,143) compared to the nine months ended September 30, 2006 (which included
a gain on dilution of subsidiary interest of $950,000). Net loss for the nine
months ended September 30, 2007 and 2006 also includes foreign exchange losses
of $214,264 and $45,336, respectively.
    For the nine months ended September 30, 2007, $0.35 compared to basic and
diluted earnings per share of $0.24 for the nine months ended September 30,
2006.
    As at September 30, 2007, Triant had a $2.2 million balance for cash,
cash equivalents and accounts receivable compared to a $4.2 million balance as
at December 31, 2006.

    Conference Call Access Information

    Triant will host a conference call today, Tuesday, November 13, 2007 at
10:00 a.m. Pacific Time (1:00 p.m. Eastern Time) to discuss the 2007 third
quarter financial results. The dial-in number for the call is 416.850.9144. A
replay of the conference call will be available today, Tuesday, November 13,
2007 after 1:00 p.m. Pacific Time (4:00 p.m. Eastern Time). The replay number
is 416.915.1035 and the Conference Code is 165352 followed by the number sign.

    About Triant

    Triant develops and deploys equipment health monitoring and advanced
fault detection solutions. Our primary focus is currently the global
semiconductor industry where we provide innovative software solutions that
enable our customers to improve yield and throughput in their highly
sophisticated semiconductor manufacturing plants. To address the market
opportunity in the semiconductor industry, we have developed ModelWare(R), a
complete equipment health monitoring and advanced fault detection software
solution. Leading semiconductor companies are using ModelWare to improve their
competitive advantage in manufacturing integrated circuits. Triant's ModelWare
product is a commercially available, real-time equipment health monitoring and
advanced fault detection software solution aimed primarily at the
semiconductor industry. ModelWare is the result of many years of experience
Triant has in the development, deployment and application of these types of
software solutions. More information about Triant is available via the
Internet at www.triant.com.

    This news release contains forward-looking statements that are subject to
various risks and uncertainties. The Company's actual results could differ
materially from those anticipated in such forward-looking statements as a
result of numerous factors that may be beyond the Company's control.
Forward-looking statements are based on the expectations and opinions of the
Company's management on the date the statements are made.


    

                             TRIANT HOLDINGS INC.
              Summary Consolidated Statement of Operations Data
                       (Expressed in Canadian Dollars)
                                 (Unaudited)


                              Three Months Ended         Nine Months Ended
                                 September 30,             September 30,
                               2007         2006         2007         2006
    ---------------------------------- ------------ ------------ ------------
    Revenue
      Licenses and
       products           $   171,963  $ 1,525,580  $   585,684  $ 2,412,236
      Services and
       maintenance            687,905      764,402    2,105,908    2,236,765
                          ------------ ------------ ------------ ------------
          Total revenue       859,868    2,289,982    2,691,592    4,649,001
      Cost of revenue         263,320      482,477      777,363    1,072,791
                          ------------ ------------ ------------ ------------
      Gross margin            596,548    1,807,505    1,914,229    3,576,210
                          ------------ ------------ ------------ ------------
      Operating expenses
        Selling, general
         and administrative   634,060      783,752    2,021,516    2,030,368
        Research and
         development          498,510      484,925    1,535,722    1,489,803
                          ------------ ------------ ------------ ------------
          Total operating
           expenses         1,132,570    1,268,677    3,557,238    3,520,171
                          ------------ ------------ ------------ ------------
    Earnings (loss) from
     operations              (536,022)     538,828   (1,643,009)      56,039
    Interest and other
     income (expense)         (89,628)     (19,326)    (160,593)       2,038
    Gain on sale of
     marketable securities          -            -      334,143            -
    Gain on dilution of
     subsidiary interest            -            -            -      950,000
                          ------------ ------------ ------------ ------------
    Net earnings (loss)
     and other compre-
     hensive income for
     the period           $  (625,650) $   519,502  $(1,469,459) $ 1,008,077
                          ------------ ------------ ------------ ------------
                          ------------ ------------ ------------ ------------
    Earnings (loss) per
     common share
      Basic               $     (0.15) $      0.13  $     (0.35) $      0.24
      Diluted             $     (0.15) $      0.13  $     (0.35) $      0.24
                          ------------ ------------ ------------ ------------
                          ------------ ------------ ------------ ------------
    Weighted average
     number of common
     shares outstanding
      Basic                 4,170,399    4,140,789    4,162,183    4,140,789
      Diluted               4,170,399    4,152,757    4,162,183    4,196,201
    Number of common
     shares issued and
     outstanding            4,170,399    4,140,789    4,170,399    4,140,789




                             TRIANT HOLDINGS INC.
                   Summary Consolidated Balance Sheet Data
                       (Expressed in Canadian Dollars)
                                 (Unaudited)

                                                 September 30,   December 31,
                                                     2007           2006
                                                 -------------   ------------

    Cash and cash equivalents                     $ 1,224,860    $ 3,000,615
    Accounts receivable, net                          989,560      1,234,605
    Inventory                                         173,067        203,385
    Prepaid expenses and other                        175,121        272,874
    Property, plant and equipment, net                189,409        166,506
    Total assets                                    2,752,017      4,877,985
    Accounts payable and accrued liabilities          406,933        919,102
    Deferred revenue                                  331,873        606,886
    Total liabilities                                 738,806      1,525,988
    Total shareholders' equity                      2,013,211      3,351,997
    

    %SEDAR: 00023157E




For further information:

For further information: Robert Heath, President & CEO, Mark Stephens,
CFO, Triant Holdings Inc., (604) 697-5090, mail@triant.com

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