News Out:
Glenbriar loses $7,871 in Q1 fiscal 2011
Ticker Symbol: C:GTI
Glenbriar loses $7,871 in Q1 fiscal 2011
Glenbriar Technologies Inc (C:GTI)
Shares Issued 43,144,909
Last Close 1/21/2011 $0.05
Wednesday January 26 2011 - News Release
Mr. Robert Matheson reports
GLENBRIAR REPORTS 2011 Q1 RESULTS
Glenbriar Technologies Inc. has released its audited financial results for the first-quarter fiscal 2011 ended Dec. 31, 2010.
FINANCIAL HIGHLIGHTS
Three months ended Dec. 31,
2010 2009
Revenue $ 1,304,959 $ 1,190,024
Gross profit 453,730 348,960
EBITAS 79,748 53,313
Earnings (loss) 7,871 (49,905)
Earnings (loss) per share
(basic and diluted) $ - $ (0.002)
EBITAS equals earnings before interest, taxes, amortization, stock
compensation expense and non-cash items. EBITAS is not recognized
by GAAP (generally accepted accounting principles).
Results from operations
Revenue increased 10 per cent for the quarter ended Dec. 31, 2010, from the prior year period, made up of a 4-per-cent rise in services and an 18-per-cent rise in equipment and software sales. These changes reflect increased capital investments by clients as they recover from the global recession. Increased profitability reflects the positive impact of cost-saving measures implemented during fiscal 2010.
We seek Safe Harbor.
© 2011 Canjex Publishing Ltd.
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