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Satnews Daily
April 27th, 2011

International Datacasting... Financially Speaking...

[SatNews] International Datacasting Corporation (TSX:IDC) has announced record-setting profitability and revenue results for the fourth quarter and fiscal year-end periods ended January 31, 2011.

Following two consecutive quarters of profitability, IDC's momentum continued as the Company posted its best ever results in the final quarter of fiscal 2011. Revenue increased 68 percent in the fourth quarter versus the same quarter in 2010, to $11.5 million, and EBITDA(1)increased to $1.5 million making it the most profitable quarter in the Corporation's history. Excluding the impact of changes in foreign exchange from the strengthening of the Canadian dollar, IDC's revenues grew by 79 percent in fourth quarter fiscal 2011 versus the same fiscal quarter in 2010. International Datacasting's fiscal year-end 2011 revenue was $34.4 million, its best year ever, up 48% from fiscal 2010, and up 64% excluding the impact of foreign exchange. This solid growth reflects strong demand for IDC's advanced Pro Audio, Pro Video, Pro Data and Pro Cinema broadcast solutions and IDC Systems services worldwide. To read the entire financial report, access this direct link