RDM Corporation provides remote deposit capture (RDC) and desktop remittance processing solutions in the United States and internationally. The company offers software and hardware solutions, such as Web-based and mobile RDC for large corporate clients and small businesses, and transactional data management, as well as manufactures a range of digital imaging scanners. Its payment processing solutions include remote deposit capture through mobile, Web, and point of sale applications; remittance processing; image cash letter; data management; and professional services. The company’s digital imaging solutions comprise check scanners, all-in-one payment terminals, and magnetic ink character reco...
619A Kumpf Drive
Waterloo, ON N2V 1K8
Founded in 1987
RDM Corporation Declares Dividend, Payable on December 18, 2014; Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended September 30, 2014
Nov 20 14
The board of directors of RDM Corporation declared a dividend of $0.01 per share that is payable on December 18, 2014, to shareholders of record as of December 4, 2014. The ex-dividend date will be December 2, 2014.
The company reported unaudited consolidated earnings results for the fourth quarter and year ended September 30, 2014. For the quarter, the company reported total revenue of $6,185,000 compared to $5,616,000 in 2013. Income from operation was $860,000 compared with $788,000 a year ago. Income before income taxes was $902,000 compared with $611,000 a year ago. Income for the period was $878,000 compared with $637,000 a year ago. Basic and diluted earnings per share were $0.04 compared with $0.03 a year ago. Net cash used in operating activities was $3,040,000 compared with $1,002,000 a year ago. Purchases of furniture and equipment were $35,000 compared with $199,000 a year ago. Addition to intangible assets was $6,000 compared with $213,000 a year ago. Adjusted EBITDA for the period was $1,165,000 compared with $1,112,000 a year ago.
For the year, the company’s total revenue of $10,074,000 compared to $21,870,000 in 2013. Income from operation was $2,946,000 compared with $2,012,000 a year ago. Income before income taxes was $2,941,000 compared with loss of $433,000 a year ago. Income for the period was $2,845,000 compared with loss of $519,000 a year ago. Basic and diluted earnings per share were $0.13 compared with loss of $0.02 a year ago. Net cash used in operating activities was $4,343,000 compared with $2,233,000 a year ago. Purchases of furniture and equipment were $1,290,000 compared with $930,000 a year ago. Addition to intangible assets was $544,000 compared with $238,000 a year ago. Adjusted EBITDA for the period was $4,271,000 compared with $3,565,000 a year ago.
RDM Corporation Unveils First IP-Addressable Network Check Scanners
Nov 6 14
RDM Corporation unveiled a revolutionary new way for financial institutions and their business customers to interface check scanners to their networks. The new EC9600i(R) series scanners offer secure single-feed and small-batch scanning with the ease of one-touch installation. The EC9600i is the first series offering greater security for teller capture and remote deposit capture (RDC). Product highlights include: Ease of installation; does not require specific drivers prior to configuring the scanner to the network; designed to work with any Internet browser or operating system using web--based technology; single-feed and 30-document capacity for batch scanning. Since the device itself has a network address, users are able to detect where the point of capture for the scan occurred not just at the work station level, but down to the specific scanner making the EC9600i series the most secure scanners available on the market. Based on the foundation of the EC9000i(R) series scanner, the new EC9600i network scanners allow for easy configuration of RDC and teller workstations. The web--based software to set up the scanner is network accessible and does not need to be connected to a PC or workstation. This means that the scanner can be used as a shared resource that integrates with workstations, terminals or tablets. Available in January 2015, the EC9600i IP network scanners offer Ethernet or USB connectivity with greater security features than wireless scanners on the market. They include an ID card scanner, support for two USB peripherals (such as an EMV PIN pad), an integrated Ethernet switch with two Ethernet ports, and a franker. For full flexibility with various workflow requirements, RDM also offers options for a 3" thermal receipt printer and magnetic stripe reader (MSR).
RDM Corporation to Report Q4, 2014 Results on Nov 20, 2014
Nov 6 14
RDM Corporation announced that they will report Q4, 2014 results at 9:00 AM, US Eastern Standard Time on Nov 20, 2014