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Satnews Daily
December 9th, 2008

Financially Speaking... International Datacasting Corporation...


International Datacasting Corporation (TSX:IDC) has announced the Company's financial results for the third quarter ended October 31, 2008. All figures are stated in Canadian dollars.

The highlights for Q3 include...
  • Revenue for the quarter was $8.1 million, an increase of 39% from the $5.8 million recorded in the third quarter of fiscal 2008
  • Gross margin was 47%, compared to 53% for the same period last year
  • EBITDA increased to $0.7 million from $0.3 million in Q3 2008
  • Net income was $591,249 or $0.01 per share in Q3 2009, up from $66,389 or $0.00 per share in the same quarter of the previous year

The Company's Year-to-Date fiscal 2009 highlights include...
  • Revenue for the first nine months of fiscal 2009 was $22.6 million, an increase of 32% from the $17.2 million recorded a year earlier
  • Gross margin was 45 percent in the first nine months of the year, compared to 53% for the same period last year
  • EBITDA for the nine months increased to $1.9 million from $1.5 million reported a year earlier
  • Net income increased to $1,373,420 or $0.02 per share from $572,212 or $0.01 in the previous year


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