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Satnews Daily
April 6th, 2009

Financially Speaking... International Datacasting Corp...


International Datacasting Corporation (TSX:IDC), who provides advanced global solutions for the distribution of broadband content via satellite, has announced the Company's financial results for the three- and 12-month periods ended January 31, 2009. All figures are stated in Canadian dollars.

Fiscal 2009 Highlights
  • Revenue for fiscal 2009 was $29.1 million, an increase of 18% from the $24.7 million recorded in fiscal 2008.
  • Gross margin was 47 percent, up from 46 percent last year.
  • EBITDA increased to $2.6 million from $1.7 million in fiscal 2008.
  • Net earnings increased to $3.0 or $0.05 per share-basic in fiscal 2009, changed from $2.6 million or $0.06 per share-basic in fiscal 2008.
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Fourth Quarter Fiscal 2009 Highlights
  • Revenue for the quarter was $6.4 million, compared to $7.5 million recorded in Q4 2008.
  • Gross margin was 57%, compared to 32% for the same period last year.
  • EBITDA increased to $0.7 million from $0.3 million in Q4 2008.
  • Net earnings were $1.6 million or $0.03 per share-basic in Q4 2009, compared to $2.0 million or $0.04 per share-basic in the same quarter of the previous year.
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To read the entire financial report, access this direct link.

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Finance