- Net income grew to $1.6 million this quarter from $1.2 million the previous quarter.
- Axia's French business won two new regional networks that will increase its addressable market by 32% once deployed.
- Total bandwidth usage grew 13% quarter over quarter.
CALGARY, Feb. 14, 2012 /CNW/ - Axia NetMedia Corporation (Axia) today announced the results for its second quarter of fiscal 2012 for the period ended December 31, 2011.
The unaudited interim condensed consolidated financial statements for the quarter ended December 31, 2011 and related Management's Discussion & Analysis (MD&A) have been reviewed and approved by Axia's Audit Committee and Board of Directors. Axia recognizes that the majority of its investors are now accessing Axia's corporate and financial information either through pushed news services, directly from Axia's corporate website or SEDAR. Thus, Axia has prepared this truncated news release to alert investors to its results and that a more detailed explanation and analysis is readily available in the MD&A. These reports have been filed on SEDAR at www.sedar.com and also posted at www.axia.com.
Summary of Q2FY12 Consolidated Financial Information
|($000s except per share amounts)||Q2FY12||Q1FY12|
|Income from investment under equity accounting||829||235|
|Net income attributable to common shareholders||1,569||1,150|
|Net income per share (diluted)||0.02||0.02|
Consolidated revenue for the second quarter of fiscal 2012 was $17.7 million, a decrease of $0.3 million (2%) from $18.0 million for the prior quarter. This relates to a decrease in Connection Services revenue in Europe, for the most part, offset by organic growth of NGN Services. Net income attributable to common shareholders grew 40% to $1.6 million ($0.02 per fully diluted share) for the quarter from $1.2 million ($0.02 per fully diluted share) for the prior quarter.
Axia's Conference Call Scheduled
A conference call for the investment community will be held Wednesday, February 15, 2012 at 3 p.m. (Eastern) and 1 p.m. (Mountain). Axia Chairman and CEO Art Price, Axia North America President and Executive Vice-President Murray Sigler, and Chief Financial Officer Alan Hartslief will participate.
To participate in the conference call, please dial (647) 427-7450 in Toronto and internationally. If you are connecting from other parts of Canada, dial 1-888-231-8191. Please call ten minutes prior to the start of the call. A live webcast (listen only mode) of the conference call will be available at:
A replay of the conference call will be available at (416) 849-0833 or 1-855-859-2056, passcode 48444764 from 6 p.m. (ET) Wednesday, February 15, 2012 to midnight (ET) Wednesday, February 22, 2012, or through the webcast archives at http://www.newswire.ca.
Axia sells services over fibre optic communications infrastructure in jurisdictions that have implemented the Axia NGN Solution. To date, Axia has networks in Alberta, France, Singapore, Spain and Massachusetts. Axia trades on the Toronto Stock Exchange under the symbol "AXX".
For further information:
For further information, please visit Axia's website at www.axia.com, or contact:
VP, Investor Relations and Communications
Axia NetMedia Corporation