NEWS & INFO
News » Q1 2006, Record Quarter Tue Jun 28 6:16:16 UTC 2005
Real Time Measurements Inc. (TSX Venture Exchange: “RTY”) (the “RTM”) Mr. Terry Matthews, President of RTM, is pleased to announce that RTM has released its fiscal 2006 Q1 financial results.
For the three month period ended April 30 2005 RTM recorded the highest quarterly revenue in the company’s history. Net Q1 revenue increased year over year by 42% from $327,667 to $465,448. Total expenses for the period increased year over year by 41% from $284,209 to $401,053.
RTM reported net earnings for the quarter of $56,702, a 30% increase compared to last years first quarter net earnings of $43,550.
Cash flow from operations for the first quarter of fiscal 2006 was $93,101 as compared to last years first quarter cash flow from operations surplus of $70,832.
First quarter 2006 closed with a stronger balance sheet as compared to the same date last year. Working capital (current assets minus current liabilities) on April 30 2005 was $791,890. On April 30 2004, the company’s working capital surplus was $79,852. This significant year over year improvement in working capital results from the January 28 2005 financing and positive cash flow from operations.
The company has no significant debt with $30,669 in obligations on the current portion of the balance sheet and $5,544 in long term obligations.
Trading in the securities of RTM should be considered highly speculative. The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.