Xianburg Data Systems Reports Financial Results for the First Quarter of Fiscal 2013
VANCOUVER, BRITISH COLUMBIA, Sep 3, 2013 (Marketwired via COMTEX) --
Xianburg Data Systems Canada Corporation (the "Company") today announced its financial results for the Fiscal 2013 first quarter ended March 31, 2013 ("FY 2013 Q1"). All amounts are reported in Canadian dollars unless otherwise stated.
Selected highlights of the FY 2013 Q1:
-- Revenue of $541K, an increase of 4% compared to $521K for the same
period last year.
-- Adjusted EBITDA (a non-IFRS term) was $21K, an decrease of $24K compared
to $45 for the same perion last year. The Company uses adjusted EBITDA
(a non-IFRS financial measure) internally to make strategic decisions,
forecast future results and evaluate its performance, defined as net
income before interest, income taxes, depreciation, amortization, stock
option compensation expenses, foreign currency loss, and minority
-- Gross margin of $251K (46% of revenue) an increase of 26% compared to
$199K (38% of revenue) for the same period last year.
-- Net loss was $94K, an increase of $25K compared to a net loss of $68K
for the same period last year.
Revenue 541K 521K
Net income (94K) (25K)
Net earnings (loss) per share, basic and diluted ($0.006) ($0.002)
About Xianburg Data Systems Canada Corporation
The Company, through its wholly-owned subsidiary Xianburg Data Systems (Canada) Inc., governs and administers the operating entity Xianburg International Data Group Co., Ltd. ("XID"), a Chinese based operating company, and earns substantially all of its income from XID. XID is an IT products and services firm based in Xi'an and Beijing, PRC, and it is recognized as a leader in China in providing mass data storage and disaster recovery solutions. XID believes that it has held a position of advantage over its competitors in providing big data systems solutions since 2010. XID has published more than 200 volumes of economic, cultural and business databases and it is a leading publisher of such databases in China.
FOR FURTHER INFORMATION PLEASE CONTACT: Xianburg Data Systems Canada Corporation Farhan Rhemtulla Director of Investor Relations 604-781-3693
SOURCE: Xianburg Data Systems Canada Corporation
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