Satnews Daily
September 10th, 2009

Financially Speaking... International Datacasting Corp...


International Datacasting Logo International Datacasting Corporation's (TSX:IDC) financial results for the three- and six-month periods ended July 31, 2009. All figures are in Canadian dollars unless otherwise stated.

The Q2 fiscal 2010 financial summary...
  • Revenue was $5.5 million, compared to $8.9 million in Q2 fiscal 2009.
  • Gross margin was 43%, up from 42% last year.
  • Normalized EBITDA1 (excluding a non-cash goodwill impairment charge taken in the quarter) was $(0.2) million, compared to $1.2 million in Q2 fiscal 2009.
  • Normalized net income (excluding the goodwill impairment charge) was $(0.5) million, or $(0.01) per share, compared to $1.0 million, or $0.02 per share, in Q2 fiscal 2009.
Year-to-Date Fiscal 2010 Financial Summary
  • Revenue was $10.6 million, compared to $14.6 million in the first half of fiscal 2009.
  • Gross margin was 46%, up from 44% last year.
  • Normalized EBITDA (excluding the goodwill impairment charge) was $(0.8) million, compared to $1.2 million in the first half of fiscal 2009.
  • Normalized net income (excluding the goodwill impairment charge) was $(1.3) million, or $(0.02) per share, compared to $0.8 million, or $0.01 per share, last year.
To read the entire financial report, head over to the Company's website.