Parta Dialogue Announces a 72% Increase of its Revenues for its Last Quarter Ended November 30, 2012 to Reach Over $1M Revenu...
January 30 2013 - 8:54AM
Marketwired Canada
Parta Dialogue (TSX VENTURE:PAD) an up and coming leader in social media
optimization, analytics and Social Learning for organizations at the forefront
of digital strategy, released results for its most recent Quarter Ended November
30, 2012. Revenues have increased by 72% compared to the previous quarter ended
August 31, 2012 and by 37% compared to the same six-month period ended November
30, 2011. Not only are revenues growing organically, but the size of the
individual contracts, the duration and the reoccurring nature of the business is
improving. For the first time, Parta's revenues for a quarter were over a
million dollars. Condensed interim unaudited consolidated Financial Statements
and Management Report are available on SEDAR's website at www.sedar.com.
In addition to the $465K increase in revenues for the last quarter, Parta has
also announced that, in comparison to the same six-month period ended November
30, 2011, its cost of sales have increased by 77% and the cost of marketing and
sales have increased by 237% to support the Company's growth plan and the rapid
development of Version 2.0 of its eValue(TM) Social Media ROI Suite. Operating
expenses also includes $188K expenses related to the acquisition of M Thirty
Communications Inc. in September 2012.
"To simplify our results, our top line continues to rapidly expand and we are
reinvesting in the business to build for our future and ensure we are the most
competitive full service offering in the market. As planned, we continue to ramp
up our sales as demonstrated by our organic revenue growth. In recent months, we
completed the acquisition of Toronto MTHIRTY on September 15th, and we
successfully launched the eValue(TM) v2.0, our leading product to ensure the
penetration of international markets. These investments produced an operating
loss in the short term despite overall profitability of each contract. The
company's balance sheet has improved significantly over the last 12 months and
accounting loss is essentially the predictable result of the implementation of
our growth strategy" stated Parta's CEO, Paul Allard.
OVERALL PERFORMANCE
For the six-month period ended November 30, 2012, the Company shows a net loss
attributable to shareholders of $1,136,008 compared to a net loss of $141,537
for the six month period ended November, 2011 and a net loss of $495,338 for the
six-month period ended November 30, 2010. Revenues have increased by 54%, from
$709,307 for the quarter ended November 30, 2011 to $1,089,076 for the quarter
ended November 30, 2012. For the comparative six-month periods, revenues
increased for 31% in E-Learning services and increased for 40% in Social Media
services. Increases in the Cost of Sales and Sales and Marketing reflect the
massive investment that the Company has made in the development and
commercialization of its new product eValue(TM) Social Media ROI Suite.
The gross profit decreased by 25% from $491,987 (39% of sales) for the six-month
period ended November 30, 2011 to $369,733 (22% of sales) for the six-month
period ended November 30, 2012. The operating expenses have increased by 238%,
from $632,298 (50% of sales) for the six-month period ended November 30, 2011 to
$1,505,955 (87% of sales) for the six-month period ended November 30, 2012. For
the comparative periods, the Sales and Marketing expenses have increased by 237%
and the General and Administrative expenses have increased by 238%. Adjusted
EBITDA decreased by $817,995 from $68,807 -or 5% of sales- for the six-month
period ended November 30, 2011 to ($749,188) - or (44%) of sales - for the
six-month period ended November 30, 2012. For the comparative periods, loss per
share was ($0.02) for the six-month period ended November 30, 2012, to be
compared to $0.00 for the six-month period ended November 30, 2011 and ($0.03)
for the six-month period ended November 30, 2010. PARTA's total assets as at
November 30, 2012 amounted to $4,488,380, an increase of $1,111,267 from May 31,
2012.
About Parta
Parta Dialogue is an up and coming leader in Social Media Optimization and
Social Learning for organizations at the forefront of digital strategy. Our
clients include some of the largest and some of the smallest (but hippest)
companies in the world, and the list is growing. Parta is aggressively investing
in technology and acquisitions to build a robust offering as a full-service
digital agency that utilizes technology and expertise to listen, strategize,
publish (Sharecasting(TM)), promote and measure (eValue(TM)) your social
marketing programs. Parta is the company behind Edu-Performance and
#engagementlabs.
Many visionary businesses already employ Parta's solutions for internal and
external online engagement. Among these are Proctor and Gamble, Nestle, Durex,
Budweiser, IBM, Mazda, Universal Pictures and Rock the Vote.
www.partadialogue.com
PARTA is listed on the TSX Venture Exchange under the symbol PAD and operates
through two subsidiaries:
#engagementlabs, an all-digital agency offering a targeted range of social
strategies, customized engagement platforms and analytic tools to measure
performance and ROI totally focused on social engagement & optimization:
www.engagementlabs.com.
edu-performance, totally focused on internal engagement and productivity,
Edu-Performance offers customized Social Learning and online training solutions:
www.eduperformance.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Paul Allard, President & CEO
Parta Dialogue Inc.
+1 (514) 831-4245
paul.allard@partadialogue.com
Jeff Armstrong, Corporate Development/Investor Relations
Parta Dialogue Inc.
+1 (416) 627-2228
Jeff.armstrong@partadialogue.com
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