NEWS & INFO
News » Q3 Fiscal 2006 Wed Jan 4 6:10:29 UTC 2006
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 Q3 (unaudited) and nine month yeartodate financial results.
For the first nine months of fiscal 2006, RTM reported a record high nine month yeartodate revenue of $1,275,529 which represents a 63% improvement over last years nine month revenue figure.
For the three month period ended October 31 2005 RTM recorded its highest Q3 revenue in RTM history. Q3 revenue increased year over year by 51% to $364,232 as compared to $241,131 last year.
Revenue growth is being driven by increased demand for RTM’s exclusive SDO, equipment rentals and data processing services.
Total expenses for the nine month period were $1,213,060. After accounting for interest income and a loss on the disposal of equipment, net earnings for the nine months were $27,407.
Total expenses for the three months ended October 31 2005 were $401,904 which resulted in a net loss of $44,067 for the third quarter of fiscal 2006.
The company closed Q3 fiscal 2006 with a working capital surplus of $622,176.
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.