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December 3, 2008updated 06 Sep 2016 2:31pm

Texada Software Q3 revenue increases

Texada Software, a provider of equipment rental and mobile asset management software, has announced financial results for the third quarter of fiscal 2008, with revenues increasing to C$1.22 m from C$1.11 m for the same quarter of fiscal 2007.

By CBR Staff Writer

For the first nine months of 2008, revenues were C$3.67 million, compared to revenues of C$3.35 million for the same period of 2007.

Texada Software has reported GAAP net loss of C$112,000, or C$0.001 per share, for the third quarter of fiscal 2008, compared to a GAAP net loss of C$648,000, or C$0.01 per share, for the same quarter of fiscal 2007.

The company has reported a GAAP net loss of C$400,000, or C$0.005 per share, for the nine first nine months of 2008, compared to a GAAP net loss of C$1.9 m, or C$0.09 per share, for the same period of fiscal 2007.

Brian Spilak, incoming president and CEO of Texada, said: The first nine months of 2008 have seen significant improvement to the bottom line results. I’m excited for the opportunity to work with the talented people at Texada and the numerous leading construction rental organizations that rely on our systems every day. The remainder of this year and 2009 will continue to be focused on adding value to our existing customer base and on expansion into the construction contractor market with our proven asset management applications.

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