Welcome!

News Feed Item

Engagement Labs Announces a 22% Increase in Revenues for its Most Recent Quarter Ended November 30, 2013

MONTREAL, QUEBEC and TORONTO, ONTARIO and PARIS, FRANCE -- (Marketwired) -- 01/29/14 -- Engagement Labs Inc. ("Engagement Labs")(TSX VENTURE:EL), formerly Parta Dialogue Inc. (TSX VENTURE:PAD) until December 30, 2013, a Social Intelligence & Analytics Technology Provider, released results for its most recent quarter ended November 30, 2013. Revenues have increased by 22% compared to the previous quarter ended August 31, 2013 and decreased by 42% from the comparative quarter ended November 30, 2012. Condensed Interim Consolidated Financial Statements and Management Report are available on SEDAR's website at www.sedar.com.

In addition to the $114K increase in revenues for the most recent quarter, Engagement Labs has also announced that, in comparison to the previous quarter ended August 31, 2013, its cost of sales has decreased by 6% and operating expenses have decreased by 3%. "We have invested a significant amount of money into our technologies and are convinced that we have created a leading edge for ourselves and our customers. We have reduced our development costs and shifted our investment into sales and market development with a strategy to sell to leading digital agencies and to direct clients using a wholesale model. Our investment in product development costs over the last two years and the shift to sales and marketing is representative of our transition from a service company to a technology company supported by services" said Paul Allard - CEO. Cost of sales for the quarter includes a total of $159K in research and development expenses and $122K in amortization of intangible assets.

As previously announced, Engagement Labs resolved to change the Company's fiscal year end to December 31, 2013.

OVERALL PERFORMANCE

For the six month period ended November 30, 2013, the Company shows a net loss attributable to shareholders of $1,518,730 compared to a net loss of $1,136,008 for the six month period ended November 30, 2012 and a net loss of $141,537 for the six month period ended November 30, 2011. Revenues have decreased by 33% from $1,721,427 for the six month period ended November 30, 2012 to $1,158,506 for the six month period ended November 30, 2013. For the same comparative six month period, revenues decreased by 49% in the E-Learning segment and decreased by 23% in the Social Media segment.

The cost of sales increased by 2%, from $1,351,694 (79% of sales) for the six month period ended November 30, 2012 to $1,374,039 (119% of sales) for the six month period ended November 30, 2013. The operating expenses have decreased by 13%, from $1,505,955 (87% of sales) for the six month period ended November 30, 2012 to $1,303,197 (112% of sales) for the six month period ended November 30, 2013. Compared to the previous quarter, cost of sales decreased by 6% from $706,469 (135% of sales) for the quarter ended August 31, 2013 to $667,570 (105% of sales) for the quarter ended November 30, 2013. For the same comparative quarters, the Sales and Marketing expenses have decreased by 1% and the General and Administrative expenses have decreased by 4%. Adjusted EBITDA increased by $46,031 from -$491,536 (-45% of sales) for the quarter ended November 30, 2012 to -$445,505 (-70% of sales) for the quarter ended November 30, 2013. For the comparative quarters, loss per share remained the same at $0.01 per share. Engagement Labs' total assets as of November 30, 2013 amounted to $3,182,095, a decrease of $160,639 from May 31, 2013.

About Engagement Labs Inc.

Engagement Labs offers a cloud-based software-as-a-service ("SaaS") integrated suite of modules, branded #esuite(TM), supporting the entire social marketing cycle by providing a comprehensive solution for brands to coordinate and analyze social media activities across all online channels (social media sites, forums, news and blogs).

Engagement Labs Inc. is listed on the TSXV under the symbol EL.

www.engagementlabs.com

Other Information

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
The security needs of IoT environments require a strong, proven approach to maintain security, trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vic...
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it m...
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
In their general session at 16th Cloud Expo, Michael Piccininni, Global Account Manager - Cloud SP at EMC Corporation, and Mike Dietze, Regional Director at Windstream Hosted Solutions, reviewed next generation cloud services, including the Windstream-EMC Tier Storage solutions, and discussed how to increase efficiencies, improve service delivery and enhance corporate cloud solution development. Michael Piccininni is Global Account Manager – Cloud SP at EMC Corporation. He has been engaged in t...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus o...
Big Data engines are powering a lot of service businesses right now. Data is collected from users from wearable technologies, web behaviors, purchase behavior as well as several arbitrary data points we’d never think of. The demand for faster and bigger engines to crunch and serve up the data to services is growing exponentially. You see a LOT of correlation between “Cloud” and “Big Data” but on Big Data and “Hybrid,” where hybrid hosting is the sanest approach to the Big Data Infrastructure pro...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Hardware virtualization and cloud computing allowed us to increase resource utilization and increase our flexibility to respond to business demand. Docker Containers are the next quantum leap - Are they?! Databases always represented an additional set of challenges unique to running workloads requiring a maximum of I/O, network, CPU resources combined with data locality.
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, will explore the value of Kibana 4 for log analysis and will give a real live, hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He will examine three use cases: IT operations, business intelligence, and security and compliance. This is a hands-on session that will require participants to bring their own laptops, and we will provide the rest.
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
In his General Session at 16th Cloud Expo, David Shacochis, host of The Hybrid IT Files podcast and Vice President at CenturyLink, investigated three key trends of the “gigabit economy" though the story of a Fortune 500 communications company in transformation. Narrating how multi-modal hybrid IT, service automation, and agile delivery all intersect, he will cover the role of storytelling and empathy in achieving strategic alignment between the enterprise and its information technology.
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud enviro...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...