| By Marketwire . | Article Rating: |
|
| January 30, 2013 09:55 AM EST | Reads: |
432 |
MONTREAL, QUEBEC and TORONTO, ONTARIO and MEXICO CITY, MEXICO and PARIS, FRANCE -- (Marketwire) -- 01/30/13 -- 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.
"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."
Contacts:
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
Published January 30, 2013 Reads 432
Copyright © 2013 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
More Stories By Marketwire .
Copyright © 2009 Marketwire. All rights reserved. All the news releases provided by Market Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.
- Cloud People: A Who's Who of Cloud Computing
- State and Local Governments Adopt Microsoft Dynamics CRM to Improve Citizen Service Delivery
- Cloud Expo New York: Rethink IT and Reinvent Business with IBM SmartCloud
- Session Topics: 12th Cloud Expo / Cloud Expo New York
- ACI Worldwide Empowers Financial Institutions to Increase Efficiency of Card Issuing and Account Management
- Cimtrek announces the general release of its Lotus Notes migrator for Microsoft’s SharePoint platform
- Commander of U.S. Cyber Command and National Security Agency Director, General Keith Alexander, To Keynote Day One of Black Hat USA 2013
- MicroStrategy Announces General Availability of MicroStrategy 9.3.1
- Velocity Technology Solutions Introduces IBM Power Systems Universal Cloud Services at COMMON 2013
- AMAX Launches StorMax(TM) CFS, powered by IBM(R) General Parallel File System(TM) (GPFS(TM))
- MicroStrategy Announces General Availability of MicroStrategy 9.3.1
- Cloud Expo New York: Security for Cloud Computing
- Cloud People: A Who's Who of Cloud Computing
- State and Local Governments Adopt Microsoft Dynamics CRM to Improve Citizen Service Delivery
- Cloud Expo New York: Rethink IT and Reinvent Business with IBM SmartCloud
- SUSE Receives Common Criteria Security Certifications
- LivePerson Scheduled to Participate in Upcoming Investor Conferences
- Session Topics: 12th Cloud Expo / Cloud Expo New York
- ACI Worldwide Empowers Financial Institutions to Increase Efficiency of Card Issuing and Account Management
- Cimtrek announces the general release of its Lotus Notes migrator for Microsoft’s SharePoint platform
- Commander of U.S. Cyber Command and National Security Agency Director, General Keith Alexander, To Keynote Day One of Black Hat USA 2013
- MicroStrategy Announces General Availability of MicroStrategy 9.3.1
- Velocity Technology Solutions Introduces IBM Power Systems Universal Cloud Services at COMMON 2013
- IBM Picks Mobile for Its Next Big Growth Play
- Java vs C++ "Shootout" Revisited
- Where Are RIA Technologies Headed in 2008?
- WebSphere Application Server Java Dumps
- Unveiling the java.lang.Out OfMemoryError
- How To Deploy Scalable WebSphere Applications Using "Maven" Build Tool
- Breaking News: New Internal IBM Report Says "Another Flawed Study"
- Profiles for WebSphere Application Server 6.0
- Last Exclusive JDJ Interview With "IBM's" John A. Swainson, Now CA's Newly Appointed CEO
- Automated Deployment of Enterprise Application Updates
- Developing Java and Web Services Applications on Rational Application Developer V6
- Your Guide to Portal Clustering in WebSphere Portal Server 5.1
- How to Create a Simple Java J2ME Application for BlackBerry
























