Clemex Discloses Second Quarter Results for FY 2008

    Symbol: CXG.A-CDNX
    Shares Outstanding: 18,743,810

    The Company begins its third quarter with well garnished order book

    MONTREAL, Dec. 12 /CNW Telbec/ - Clemex Technologies Inc. (TSX Venture
CXG.a), designer and manufacturer of Image Analysis systems and software for
microscopy applications, announced today its FY 2008 second quarter results
ending October 31 2007. For this second Quarter of FY 2008, sales reached
$1,502,403, which is $104,053 more than last year sales of $1,398,350 for the
same period. The Corporation ends this Quarter with a Net loss of $66,538
compared to a profit of $40,174 for the same period last year. This quarter's
deficit is due to the substantial appreciation of the Canadian dollar which
resulted in a net foreign exchange loss of $65,935. Gross Margin remained the
same at 59.9% while it was 59.4% last year.
    The severe US dollar depreciation of 11% since last year have further
reduced the total sales revenues by nearly $100,000 since sales in US dollars
accounted for over $950,000 this past quarter. The Corporation has increased
its prices by 5% three months ago and anticipates a further price increase in
January in order to adjust one again with the recent Canadian dollar reality.


                                                              Second Quarter
                                Fiscal Year                 2008        2007
                                                               $           $
    Sales                                              1,502,403   1,398,350
    Cost of Sales                                        602,276     566,534
    Gross Margin                                         900,127     831,816

    Operating Expenses
      Sales and Marketing                                418,440     412,715
      Administrative Expenses                            288,060     191,645
      R&D less Tax credits                               135,404     122,302
      Amortization                                        25,719      18,547
      Interest & bank charges                             33,107      30,609
      Net foreign exchange loss                           65,935      15,824
                                                         966,665     791,642

    Net earnings                                         (66,638)     40,174
                                                          (0.004)      0.002

    Clement Forget, President and CEO of Clemex Technologies declared:
"Results for this Second Quarter are actually positive and reflect the order
book's increase with regards to all the efforts of previous months. Moreover
the order book will get even better once sales for our new partner, Horiba
Instruments Inc, begin to flow in these upcoming quarters. Had it not been of
the sudden increase of the Canadian dollar value and exceptional expenses
encountered for the Annual General Meeting, the final results could have been
close to $100,000 profit for this quarter."

    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: Clément Forget, Clemex Technologies Inc, (450)

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