|By Marketwired .||
|January 29, 2014 05:56 PM EST||
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.
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, 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.
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.
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
Sep. 26, 2016 03:15 AM EDT Reads: 1,074
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
Sep. 26, 2016 03:00 AM EDT Reads: 1,750
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
Sep. 26, 2016 03:00 AM EDT Reads: 925
SYS-CON Events announced today that Secure Channels will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The bedrock of Secure Channels Technology is a uniquely modified and enhanced process based on superencipherment. Superencipherment is the process of encrypting an already encrypted message one or more times, either using the same or a different algorithm.
Sep. 26, 2016 02:45 AM EDT Reads: 1,548
While DevOps promises a better and tighter integration among an organization’s development and operation teams and transforms an application life cycle into a continual deployment, Chef and Azure together provides a speedy, cost-effective and highly scalable vehicle for realizing the business values of this transformation. In his session at @DevOpsSummit at 19th Cloud Expo, Yung Chou, a Technology Evangelist at Microsoft, will present a unique opportunity to witness how Chef and Azure work tog...
Sep. 26, 2016 01:45 AM EDT Reads: 1,661
SYS-CON Events announced today that Numerex Corp, a leading provider of managed enterprise solutions enabling the Internet of Things (IoT), will exhibit at the 19th International Cloud Expo | @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Numerex Corp. (NASDAQ:NMRX) is a leading provider of managed enterprise solutions enabling the Internet of Things (IoT). The Company's solutions produce new revenue streams or create operating...
Sep. 26, 2016 01:00 AM EDT Reads: 1,954
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
Sep. 26, 2016 01:00 AM EDT Reads: 1,616
I'm a lonely sensor. I spend all day telling the world how I'm feeling, but none of the other sensors seem to care. I want to be connected. I want to build relationships with other sensors to be more useful for my human. I want my human to understand that when my friends next door are too hot for a while, I'll soon be flaming. And when all my friends go outside without me, I may be left behind. Don't just log my data; use the relationship graph. In his session at @ThingsExpo, Ryan Boyd, Engi...
Sep. 26, 2016 12:30 AM EDT Reads: 1,245
IoT is fundamentally transforming the auto industry, turning the vehicle into a hub for connected services, including safety, infotainment and usage-based insurance. Auto manufacturers – and businesses across all verticals – have built an entire ecosystem around the Connected Car, creating new customer touch points and revenue streams. In his session at @ThingsExpo, Macario Namie, Head of IoT Strategy at Cisco Jasper, will share real-world examples of how IoT transforms the car from a static p...
Sep. 26, 2016 12:30 AM EDT Reads: 1,537
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
Sep. 26, 2016 12:15 AM EDT Reads: 1,820
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
Sep. 25, 2016 10:45 PM EDT Reads: 1,584
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Sep. 25, 2016 10:45 PM EDT Reads: 4,412
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
Sep. 25, 2016 10:00 PM EDT Reads: 1,700
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
Sep. 25, 2016 09:30 PM EDT Reads: 2,508
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
Sep. 25, 2016 09:00 PM EDT Reads: 936