11% increase in sales with more than $100,000 Net Profit
Symbol: CXG.A-CDNX www.clemex.com
Shares Outstanding: 30,999,810
MONTREAL, Dec. 14, 2012 /CNW Telbec/ - Clemex Technologies Inc. (TSXV: CXG.A),
designer and manufacturer of Image Analysis systems and software for
microscopy applications, announces its financial results for the second
Quarter of FY2013 ending October 31(st), 2012. For this second Quarter, sales
reached $1,570,451 an increase of 11% compared to the same period last year.
The Corporation ends this quarter with a Net Profit of $101,047 compared to a
Net Profit of $12,004 posted last year. As for the first six month period of
FY2013, sales reached $2,875,603 compared to $2,655,142 last year while the
Company posted a Net Profit of $56,782 compared to a Net Loss of $34,243 for
the same period last year.
During this past Quarter, the Corporation made several sales to clients in the
manufacturing sector in North America: Teutech Industries, Ontario, Canada,
Nitrex Metal, Quebec, Canada, Total Petrochemicals, Texas (USA), Gerdau,
Arkansas (USA), Steel Dynamics, IN (USA) and Raytheon Company, Texas (USA).
As for the International side, the Corporation made substantial sales to
General Motors, Mexico, NRB Bearings India and to Hyundai Motors, South Korea.
Fiscal Years 2013 2012 2013 2012
$ $ $ $
Sales 1,570,451 1,414,314 2,875,603 2,655,142
Gross Margin 877,067 761,339 1,541,933 1,429,510
Gross Margin % 55.8% 53.8% 53.6% 53.8%
Total Operating Expenses 728,520 712,335 1,412,151 1,398,753
Income Taxes 47,500 37,000 73,000 65,000
Net Profit(Loss) 101,047 12,004 56,782 (34,243)
Net Profit(Loss) per share 0.003 0.001 0.002 (0.002)
Clement Forget, President and CEO of Clemex Technologies Inc. declared: "We
are quite pleased with the results of this second Quarter of 2013. Clemex had
reasonable success in the manufacturing sector in the USA where the automotive
industry continues to perform well since the beginning of the year. We have
also concluded important sales in the steel manufacturing industries, a sector
of activity that had declined in the last few years. Finally, sales of our
MicroHardness Testers, the Clemex CMT.HD keep up at a steady rate, confirming
that Clemex is definitely offering one of the best instruments on worldwide
market for this field of application.
The CEO continued "Sales for this Quarter are in line with our internal
forecasts and take us back to profitability. While we work on keeping
expenses under control, we invest more in marketing activities in view of the
introduction of the new line of instruments for Hematology which should occur
within the next six months. Concerning this matter, Clemex along with its
French partner RAL Diagnostics participated at one of most important Medical
instruments Trade show in the world, Medica in Düsseldorf, Germany this past
November where we introduced our latest instrument, the HemaCyto 2L and the
interest from the show attendees was extremely positive. We have also just
exhibited the same instrument this week in Atlanta GA, USA, at the ASH
(American Society for Hematology) conference where we also had an excellent
response from the American Medical community. Our R & D team is working very
hard to fine tune the last details of the instruments while a three month
validation period will be required before the official launching".
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' 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 healthcare, 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 press release.
CLEMEX TECHNOLOGIES INC, 800 Guimond, Longueuil, QC, Canada J4G 1T5,
Clément Forget, President and CEO Tel: 450.651.6573 Email:email@example.com
SOURCE: CLEMEX TECHNOLOGIES INC.
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