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Last $7.49 USD
Change Today 0.00 / 0.00%
Volume 0.0
TCYSF On Other Exchanges
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As of 8:10 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

tecsys inc (TCYSF) Key Developments

Tecsys Seeks Acquisitions

Tecsys Inc. (TSX:TCS) entered into an agreement with a syndicate of underwriters to sell 0.6 million of its common shares at a price of CAD 8.90 per share to raise anticipated gross proceeds of approximately CAD 5 million. Tecsys intends to use the net proceeds of the offering and the term loan for general corporate purposes, to fund growth and to provide for possible future acquisitions.

Tecsys Inc. Declares Quarterly Dividend, Payable on April 9, 2015; Announces Consolidated Unaudited Earnings Results for Third Quarter and Nine Months Ended January 31, 2015

Tecsys Inc. board of directors has declared a quarterly dividend of $0.0225 per share, to be paid on April 9, 2015 to shareholders of record at the close of business on March 19, 2015. The company announced consolidated unaudited earnings results for third quarter and nine months ended January 31, 2015. For the quarter, the company reported total revenue of CAD 14,958,000, profit from operations of CAD 630,000, profit before income taxes of CAD 602,000, profit attributable to the owners of the company and comprehensive income for the period of CAD 467,000 or CAD 0.04 per basic and diluted share, compared to the total revenue of CAD 11,849,000, profit from operations of CAD 589,000, profit before income taxes of CAD 542,000, profit attributable to the owners of the company and comprehensive income for the period of CAD 467,000 or CAD 0.04 per basic and diluted share, for the same quarter a year ago. EBITDA reached CAD 1.3 million compared to CAD 1.1 million for the same quarter a year ago. For the year to date, the company reported total revenue of CAD 41,518,000, profit from operations of CAD 1,636,000, profit before income taxes of CAD 1,530,000, profit attributable to the owners of the company and comprehensive income for the period of CAD 1,220,000 or CAD 0.11 per basic and diluted share, net cash used in operating activities of CAD 154,000 compared to the total revenue of CAD 34,107,000, profit from operations of CAD 1,508,000, profit before income taxes of CAD 1,305,000, profit attributable to the owners of the company and comprehensive income for the period of CAD 1,155,000 or CAD 0.1 per basic and diluted share, net cash from operating activities of CAD 3,502,000 for the same period a year ago. Acquisitions of property and equipment were CAD 219,000 compared to CAD 360,000 for the same period a year ago. Acquisitions of other intangible assets were CAD 255,000 compared to CAD 125,000 for the same period a year ago. EBITDA increased to CAD 3.4 million compared to CAD 2.8 million for the same period of fiscal 2014.

Tecsys Inc. Presents at Cantech Investment Conference, Jan-15-2015

Tecsys Inc. Presents at Cantech Investment Conference, Jan-15-2015. Venue: Metro Toronto Convention Centre, 255 Front Street West, Toronto, ON, M5V 2W6, Canada. Presentation Date & Speakers: Jan-15-2015, Peter Brereton, Chief Executive Officer, President and Director.

Tecsys Inc. Presents at LD Micro Conference, Dec-04-2014 08:30 AM

Tecsys Inc. Presents at LD Micro Conference, Dec-04-2014 08:30 AM. Venue: Luxe Sunset Boulevard Hotel, 11461 Sunset Boulevard, Los Angeles, California, United States.

Tecsys Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended October 31, 2014; Declares Dividend for the Second Quarter Ended October 31, 2014, Payable on January 6, 2015

Tecsys Inc. announced unaudited consolidated financial results for the second quarter and six months ended October 31, 2014. Revenue grew 16% to CAD 13.5 million in the second quarter of 2015 compared to CAD 11.7 million in the second quarter of 2014. EBITDA was CAD 1.2 million, in line with the CAD 1.2 million in the second quarter of 2014. Profit from operations was CAD 532,000 compared to CAD 748,000 in the second quarter of 2014. Before acquisition related expenses and amortizations, profit from operations was CAD 621,000 compared to CAD 748,000 in the second quarter of 2014. Profit before income taxes was CAD 510,000 against CAD 680,000 for the same period of last year. Profit attributable to the owners of the company was CAD 410,000 against CAD 605,000 for the same period of last year. Basic and diluted earnings per common share were CAD 0.04 against CAD 0.05 for the same period of last year. Product revenue growth this quarter was driven by strong demand for newly acquired Logi-D products, which recorded CAD 1.7 million in sales. Revenue grew 19% to CAD 26.6 million in the first half of fiscal 2015, compared to CAD 22.3 million in the first half of last fiscal year. EBITDA was CAD 2.2 million compared to CAD 1.8 million in the first half of fiscal 2014. EBITDA in the first half of 2015 includes a one-time acquisition related expenses of CAD 160,000. Profit from operations for the first six months of fiscal 2015 was CAD 1 million compared to CAD 0.9 million in the same period of fiscal 2014. Before acquisition related expenses and amortizations, profit from operations increased to CAD 1.3 million in the first half of 2015 from CAD 0.9 million in the first half of 2014, a 38% increase. Net profit for the first half of fiscal 2015 was CAD 753,000 or CAD 0.07 per diluted share compared to CAD 688,000 or CAD 0.06 per diluted share for the same period of the prior fiscal year. Net profit for the first half of fiscal 2015 includes acquisition related expenses and amortization of CAD 265,000. Profit before income taxes was CAD 928,000 against CAD 763,000 for the same period of last year. Net cash from operating activities was CAD 1,476,000 against CAD 1,014,000 for the same period of last year. Acquisitions of property and equipment were CAD 101,000 against CAD 258,000 for the same period of last year. Acquisitions of other intangible assets were CAD 136,000 against CAD 123,000 for the same period of last year. The company also announced that the company's Board of Directors has declared a quarterly dividend of CAD 0.0225 per share, to be paid on January 6, 2015 to shareholders of record at the close of business on December 16, 2014.

 

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Valuation TCYSF Industry Range
Price/Earnings 62.9x
Price/Sales 2.2x
Price/Book 7.1x
Price/Cash Flow 63.0x
TEV/Sales 2.1x
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