Parta Dialogue Announces a 16% Increase of its Revenues for its Most Recent Quarter Ended August 31, 2013
October 30 2013 - 5:11PM
Marketwired Canada
Parta Dialogue Inc. ("Parta") (TSX VENTURE:PAD), an upcoming leader in Social
Marketing Technology and Social Learning, released results for its most recent
quarter ended August 31, 2013. Revenues have increased by 16% compared to the
previous quarter ended May 31, 2013 and decreased by 17% compared to the
comparative quarter ended August 31, 2012. Condensed Interim Consolidated
Financial Statements and Management Report are available on SEDAR's website at
www.sedar.com.
In addition to the $72K increase in revenues for the most recent quarter, Parta
has also announced that, in comparison to the previous quarter ended May 31,
2013, its cost of sales have decreased by 12% and the operating expenses have
decreased by 24%.
"The decline of overall revenues compared to the year prior reflects the
transformation of the company from a services oriented offering towards a
technology offering. Thus, in this quarter, the focus of our sales efforts has
mainly been oriented to sell our proprietary solution #esuite. While we shed
lower margin services, we are increasing the focus on higher margin technology
sales and believe our efforts will lead to a healthier sales mix and overall
growth. We believe this transformation is the right thing for the business and
for shareholders. We also experienced the end of a major contract at the end of
May 2013." said Paul Allard - CEO.
Cost of sales includes a total of $91K in research and development expenses and
$114K in amortization of intangible assets. Operating expenses also includes
$92K expenses related to the acquisition of Sense Fab in June 2013.
OVERALL PERFORMANCE
For the three months period ended August 31, 2013, the Company shows a net loss
attributable to shareholders of $845,645 compared to a net loss of $416,914 for
the three months period ended August 31, 2012 and a net loss of $82,930 for the
three months period ended August 31, 2011. Revenues have increased by 16%, from
$449,506 for the previous quarter ended May 31, 2013 to $522,449 for the quarter
ended August 31, 2013. For the same comparative quarters, revenues decreased by
34% in E-Learning segment and increased for 47% in Social Media segment.
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 #esuite(TM) Social Marketing Suite.
The cost of sales increased by 43% from $494,182 - or 78% of sales - for the
quarter ended August 31, 2012 to $706,469 - or 135% of sales- for the quarter
ended August 31, 2013. The operating expenses have increased by 19%, from
$555,297 - or 88% of sales - for the quarter ended August 31, 2012 to $661,625 -
or 127% of sales - for the quarter ended August 31, 2013. Compared to previous
quarter ended May 31, 2013, cost of sales decreased by 12% from $798,232 - or
178% of sales - for the quarter ended May 31, 2013 to $706,469 - or 135% of
sales - for the quarter ended August 31, 2013. For the same comparative
quarters, the Sales and Marketing expenses have decreased by 44% and the General
and Administrative expenses have been stable. Adjusted EBITDA decreased by
$384,722 from ($257,650) - or (41%) of sales - for the quarter ended August 31,
2012 to ($642,372) - or (123%) of sales - for the quarter ended August 31, 2013.
For the comparative quarters, loss per share was ($0.01) for the quarter ended
August 31, 2013, to be compared to ($0.01) for the quarter ended August 31, 2012
and ($0.00) for the quarter ended August 31, 2011. PARTA's total assets as at
August 31, 2013 amounted to $3,506,199, an increase of $163,465 from May 31,
2013.
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 building out the most robust technology offering in the market (#esuite(TM))
for brands and companies to support their entire social marketing cycle, from
the data they want, to the insights they need leading to conversions they crave.
The #esuite includes: social listening (#elisten(TM)), publishing (#eshare(TM)),
and measuring social communities in real-time (#evalue(TM)).
Many visionary businesses already employ Parta's solutions for internal and
external online engagement. To view a list of our clients and their success,
please visit our agency site: http://www.engagementlabs.com/gallery
Parta is listed on the TSXV under the symbol PAD and operates through two
subsidiaries:
#engagementlabs: www.engagementlabs.com
edu-performance: www.eduperformance.com
Other Information
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.
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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