TORONTO, Nov. 12 /CNW/ - Hosted Data Transaction Solutions Inc. ("HDX") announced today its financial results for the three-month period ending September 30th, 2009. HDX is listed on the TSX under the symbol "HDX".
Paul Howell, President and CEO states, "We are pleased to report that the HDX team has achieved a sales revenue increase of 3% for the 3rd quarter of 2009 compared to the 3rd quarter of 2008. Sales revenue grew to $2,311,340 for the 3rd quarter and sales revenue for the 9 months ending Sept 30th 2009 has increased 21% over the same period in 2008."
Mr. Howell noted further "I am especially pleased with these results considering the difficult economic climate for the tourism and hospitality industry during the quarter."
HDX continues to pursue selective strategic acquisitions to further its growth. HDX has announced a letter of intent to acquire A&A Point of Sale Solutions Inc. of Ottawa. No other acquisitions have been specifically named at this time, but the Company is focused on POS sales and services company's and transaction based payment solution company's.
Highlights and Summary for the Quarter
- Revenue was $2,311,340 for the three months ended September 30, 2009,
compared to $2,242,607 for the three months ended September 30, 2008;
- Deferred revenue, which represents annual recurring revenues that
have not yet been recognized as revenue, was $1,097,958 compared to
$828,760 for the three months ended September 30, 2008;
- Gross margin was $1,363,235 for the three months ended September 30,
2009, compared to $1,325,626 for the three months ended September 30,
- EBITDA income (earnings before interest taxes depreciation and
amortization) for the three months ended September 30, 2009, was
($40,708) compared to income of $7,976 for the three months ended
September 30, 2008;
- HDX's cash, cash equivalents and short term investments totaled
$1,012,198 as at September 30, 2009; and
- Net loss, which includes non-cash expenses such as amortization and
stock-based compensation charges of $114,834, was $131,656 for the
three months ended September 30, 2009, compared to a loss of $198,211
for the three months ended September 30, 2008.
Additional information on HDX financial results for third quarter 2009 will be available in the financial reports filed by the Company with Sedar at www.sedar.com and posted to the Investor Relations section of the Company's website at www.hdxsolutions.com.
About the Company
Hosted Data Transaction Solutions Inc. is in the business of managing merchant transactions with consumers and facilitating payment. HDX develops and deploys touch screen POS system software and associated enterprise management tools and has developed and deployed numerous POS applications. HDX also provides system hardware integration services, merchant staff training, system installation services, and post sale software and hardware support services.
HDX leading edge technology also includes customer self serve kiosks and "line buster" mobile point of sale terminals. These products have been designed to dramatically enhance customer throughput and drastically reduce customer queues. These technologies are especially effective in high foot traffic environments that have limited cash register counter space, limited retail square footage, and the absence of a drive through.
The Company offers a complete suite of products and solutions for merchants. HDX develops, sells, deploys, and supports touch screen POS systems for quick service restaurants, integrated RFID gift card payment systems, self serve customer kiosks, mobile wireless POS terminals, fine dining / table service POS systems, integrated digital video surveillance and recording systems, electronic cash registers, and web enabled business intelligence applications.
This discussion includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with our business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect HDX's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risks and Uncertainties" in the Annual Information Form filed on March 30, 2009 with the regulatory authorities. HDX assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless required by security regulation.
SOURCE HOSTED DATA TRANSACTION SOLUTIONS INC.
For further information: For further information: Paul Howell, President/CEO, Hosted Data Transaction Solutions Inc. (HDX), Tel: (416) 703-6462, extension 2263, Email: email@example.com