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I called my broker and told him to buy some INSFX as last time I did it on my own I was only able to get $68 dollars worth. he called back and then put me on hold to tell me what my commisions are and then forgot to even tell me how many shares I bought or at what price today,. I will let you know what he says when he gets back to me , the nice polite busy man.
Just to answer my own question in the most recent MD&A (Sedar) there is a graph that shows what the bonus is based on market cap. Looks like the rate is 3% at a market cap > 10mil and 10% < 1 mil.
If this Gaffney is related to Tom Gaffney of HESG, better fasten your seat belts - it's going to be a bumpy ride. Or better yet, if you see even a $100 bill on the ground in front of a Gaffney***, best not to bend over to pick it up.
***Presuming this Gaffney is the son of Tom Gaffney of HESG. And this family was involved in some kind of lead generation business in Florida as well. So if you can't reach the company, better run just like Forrest did! Run Forrest, RUN!
Has anyone ever talked to the company to get clarification on this "loan"? I use quotes because it seems like a rather hefty bonus IMO. 10% at todays market cap is 60% of the loan prinicipal as a bonus and I figure investors buying now think the stock will rise so how high could this "bonus" go !
Loan, bearing interest at 11.7%, repayable by one sole
payment on maturity April 23, 2012, subject to cash flow
sweeps based on excess available funds and subject to a
bonus payment due upon maturity of between 3% and 10%
of market capitalization of all outstanding shares of the
Company, secured by a general security agreement over
underlying assets. During the year ended December 31,
2009, $Nil was paid in cash flow sweeps (2008 – $52,920).
The loan is callable should the CEO resign his position.
OT: yes so true, everyone of those 68 cups of cheap coffee sacrificed to buy those 9000 shares were brimming with more wisdom.
Yes they rung the bell to remind me that the next time I buy a stcok that is a 32+ bagger, try to put somethng like more than $68 bucks on it.
INX.V / INXSF rang the bell for the TSX Venture Exchange on Friday....
Friday, December 17, 2010 - In-Touch Survey Systems Opens the Market
Michael Gaffney, Chief Executive Officer, In-Touch Survey Systems Ltd., joined Tim Babcock, Director, Listed Issuer Services, TSX Venture Exchange to open the market to celebrate their position in the Deloitte Technology Fast 50. The Fast 50™ program tracks the fastest growing technology companies in Canada. Headquartered in Ottawa, In-Touch Survey Systems, is the provider of integrated solutions for market and customer research, custom data capture and mobile marketing for global enterprise customers. For more information visit www.intouchsurvey.com.
http://www.tmx.com/
Going much higher IMO.
Yikes now I have to pay for this:
07/17/2009 09:30:02 Bought 9000 INXSF @ 0.007 -68.00
11/26/2010 09:30:05 Sold 4000 INXSF @ 0.1905 756.98 ---
11/26/2010 13:43:56 Sold 2000 INXSF @ 0.1905 380.99 ---
11/29/2010 14:13:52 Sold 3000 INXSF @ 0.21 624.98 ---
Cool, you give the Canadian spread, I'll do the pinksheet spread.
I've got C$0.24 x $0.275!
INX.V/INXSF.PK prints C$0.215 and US$0.2154!
I see an INXSF/INX.V spread of C$0.20 X $0.22!
INXSF -- showing .19 X 22, is that accurate?
There was a 210,000 share insider purchase on November 23rd! Wow!
http://canadianinsider.com/coReport/allTransactions.php?ticker=inx
Insider buys by the CEO since June:
Oct 18/10 Oct 15/10 Gaffney, Michael John Direct Ownership Common Shares 10 - Acquisition in the public market 36,000 $0.080
Jun 07/10 Jun 07/10 Gaffney, Michael John Direct Ownership Common Shares 10 - Acquisition in the public market 7,500 $0.075
Good luck as I still own 132776..
I bought them from $0.2488 down to $0.0328 and got my Ave. Down to $0.0637 on the whole.. I have been waiting it seems like 3 years ever since Glead got me into the stock.. I have spoken to George at the Company 3 or 4 times each year and had a hunch That these earnings were coming.. But I have been there before on this stock so I wanted to sell at least half and thats what I've done.. hank
Their guidance implies 2011 diluted EPS of $0.10+ assuming a zero percent tax rate which is their current rate.
I purchased some of them.
INXSF.pk,, INV.v $0.1514..
There is a God.. I sold half my position..
11/17/10 12:42 PM EST Sell 776 INXSF Executed @ $0.1514 Details | Edit
11/17/10 12:42 PM EST Sell 17000 INXSF Executed @ $0.1514 Details | Edit
11/17/10 12:36 PM EST Sell 5000 INXSF Executed @ $0.1515 Details | Edit
11/17/10 12:35 PM EST Sell 10000 INXSF Executed @ $0.1514 Details | Edit
11/17/10 12:35 PM EST Sell 28000 INXSF Executed @ $0.1514 Details | Edit
11/17/10 12:31 PM EST Sell 72000 INXSF Executed @ $0.1514 Details | Edit
Yes they did :)
INX.V INXSF..
WOW,,WOW,,WOW..
They hit it out of the park..hank
IN-TOUCH SURVEY SYSTEMS LTD. ANNOUNCES Q3 2010 FINANCIAL RESULTS WITH SIGNIFICANT GROWTH, IN REVENUE, NET INCOME AND EBITDA
On Tuesday November 16, 2010, 4:01 pm EST
OTTAWA, Nov. 16 /CNW/ - In-Touch Survey Systems Ltd. ("In-Touch" TSX-Venture: INX) announces that revenue increased to $1,692,155 in Q3 2010 compared to $1,324,784 in Q3 2009 - a 28% increase. Net earnings for Q3 2010 increased 886% to $371,010 compared to $37,633 in Q3 2009. The Company-defined adjusted EBITDA increased 204% to $480,000 in Q3 2010, compared to an EBITDA of $158,000 in Q3 2009.
Electronic data collection (EDC) revenue which accounted for 59% of quarterly revenue increased 22% from $820,453 in Q3 2009 to $1,004,213 in Q3 2010. Manual data collection (MDC) revenue increased 32% in the third quarter of 2010 from $427,221 in Q3 2009 to $562,857. Gross margin also increased slightly quarter over quarter from 64% to 66%. While revenues were increasing, total operating expenses decreased by approximately 9% compared to Q3 2009. G&A expenses in particular decreased 12% as a result of the Company's continued investment in software technology that improved scalability and reduced overheads. The result was to provide the Company with the highest quarterly net income and EBITDA in history.
Year to date revenues for the first nine months of 2010 were $4,314,499, an increase of 5% compared to revenues of $4,097,575 for the same period last year. Year to date segmented revenue proportions are similar to those obtained in the third quarter. Year to date net income is $593,397 compared to a loss of $211,861 at this time last year. EBITDA of $907,000 was realized for the first nine months of this year compared to $136,000 for the same period in 2009.
"These are outstanding financial results given the challenges of the recession and the financial crises of the last two years. We expect Q4 2010 to exceed last year's performance in all key performance numbers and we are forecasting 2011 revenues to be at least 25% higher than 2010 revenues", said Michael Gaffney, Chief Executive Officer.
"For the past six years In-Touch has quietly and carefully designed, developed and deployed a robust mobile data capture technology for medium to large organizations. The core In-Touch mobile software platform ensures onsite, anywhere, anytime, and secure data capture along with an engaging interactive framework for experiential marketing or operations requirements and a powerful back-office management system with real-time monitoring and analysis tools. Our software technology will be packaged and released in a Software as a Service ("SaaS") model in 2011 and we expect these SaaS sales to be an increasing proportion of our overall revenue mix as this new product is highly scalable with no requirement for In-Touch to provide the related hardware", said Gaffney.
<<
Consolidated Statements of Operations Q3 2010 Q3 2009 Revenue $ 1,692,155 $ 1,324,784 Cost of services and goods sold 571,959 477,647 Gross profit 1,120,196 847,137 Total operating expenses (685,750) (746,649) Earnings (loss) before undernoted items 434,446 100,488 Interest expense (28,156) (41,748) Amortization of financing costs - (2,670) Amortization of intangible asset - (2,522) Change in fair value of derivative (6,000) - Gain (loss) on foreign exchange (26,324) (15,915) Gain (loss) on disposal of property and equipment (2,956) - Net income (loss) $ 371,010 $ 37,633
IN-TOUCH SURVEY SYSTEMS LTD. ANNOUNCES Q3 2010 FINANCIAL RESULTS WITH SIGNIFICANT GROWTH, IN REVENUE, NET INCOME AND EBITDA
On Tuesday November 16, 2010, 4:01 pm EST
OTTAWA, Nov. 16 /CNW/ - In-Touch Survey Systems Ltd. ("In-Touch" TSX-Venture: INX) announces that revenue increased to $1,692,155 in Q3 2010 compared to $1,324,784 in Q3 2009 - a 28% increase. Net earnings for Q3 2010 increased 886% to $371,010 compared to $37,633 in Q3 2009. The Company-defined adjusted EBITDA increased 204% to $480,000 in Q3 2010, compared to an EBITDA of $158,000 in Q3 2009.
Electronic data collection (EDC) revenue which accounted for 59% of quarterly revenue increased 22% from $820,453 in Q3 2009 to $1,004,213 in Q3 2010. Manual data collection (MDC) revenue increased 32% in the third quarter of 2010 from $427,221 in Q3 2009 to $562,857. Gross margin also increased slightly quarter over quarter from 64% to 66%. While revenues were increasing, total operating expenses decreased by approximately 9% compared to Q3 2009. G&A expenses in particular decreased 12% as a result of the Company's continued investment in software technology that improved scalability and reduced overheads. The result was to provide the Company with the highest quarterly net income and EBITDA in history.
Year to date revenues for the first nine months of 2010 were $4,314,499, an increase of 5% compared to revenues of $4,097,575 for the same period last year. Year to date segmented revenue proportions are similar to those obtained in the third quarter. Year to date net income is $593,397 compared to a loss of $211,861 at this time last year. EBITDA of $907,000 was realized for the first nine months of this year compared to $136,000 for the same period in 2009.
"These are outstanding financial results given the challenges of the recession and the financial crises of the last two years. We expect Q4 2010 to exceed last year's performance in all key performance numbers and we are forecasting 2011 revenues to be at least 25% higher than 2010 revenues", said Michael Gaffney, Chief Executive Officer.
"For the past six years In-Touch has quietly and carefully designed, developed and deployed a robust mobile data capture technology for medium to large organizations. The core In-Touch mobile software platform ensures onsite, anywhere, anytime, and secure data capture along with an engaging interactive framework for experiential marketing or operations requirements and a powerful back-office management system with real-time monitoring and analysis tools. Our software technology will be packaged and released in a Software as a Service ("SaaS") model in 2011 and we expect these SaaS sales to be an increasing proportion of our overall revenue mix as this new product is highly scalable with no requirement for In-Touch to provide the related hardware", said Gaffney.
<<
Consolidated Statements of Operations Q3 2010 Q3 2009
Revenue $ 1,692,155 $ 1,324,784
Cost of services and goods sold 571,959 477,647
Gross profit 1,120,196 847,137
Total operating expenses (685,750) (746,649)
Earnings (loss) before undernoted items 434,446 100,488
Interest expense (28,156) (41,748)
Amortization of financing costs - (2,670)
Amortization of intangible asset - (2,522)
Change in fair value of derivative (6,000) -
Gain (loss) on foreign exchange (26,324) (15,915)
Gain (loss) on disposal of property and equipment (2,956) -
Net income (loss) $ 371,010 $ 37,633
INX.V ,, INXSF.. 0.0764
Spoke to the company and they have indicated that they will be profitable for the year.. Hard to get solid info but management has been a constant buyer this year.. hank
INX.V DD ANNOUNCES PROFITABLE Q2 2010 FINANCIAL RESULTS
PRESS RELEASE: IN-TOUCH SURVEY SYSTEMS LTD. ANNOUNCES PROFITABLE Q2 2010 FINANCIAL RESULTS
Dow Jones & Company, Inc. - Aug 24 at 17:15
Company Symbols: TorontoVE:INX, OtherOTC:INXSF
OTTAWA, Aug. 24 /CNW/ - In-Touch Survey Systems Ltd. ("In-Touch" TSX-Venture: INX) announces revenue of $1,300,599 in Q2 2010 compared to $1,414,500 in Q2 2009. Net Income for Q2 2010 increased 178% to $70,418 compared to a net loss of $89,267 in Q2 2009. The Company-defined adjusted EBITDA increased 563% to $181, 000 in Q2 2010, compared to an EBITDA of $27,000 in Q2 2009.
"In-Touch is still adjusting to the effects from the 2009 recession as revenues return to pre-recession levels. The company has now enjoyed four consecutive quarters of positive income from operations; has an increasingly diversified revenue base; and encouraging financial performance in terms of net income and cash flow because of our continued investment in software tools for product development and operations", said Michael Gaffney, Chief Executive Officer.
"Looking forward, revenues for Q3 2010 will exceed revenues for the same period of 2009. Currently, Q4 2010 bookings exceed 66% of target but it is still too early to accurately forecast final Q4 2010 revenues. However, we are predicting that FY 2010 will be net income positive with a significant amount of positive cash flow (EBITDA)", said Gaffney.
<<
Consolidated Statements of Operations Q2 2010 Q2 2009
-------------- --------------
Revenue $ 1,300,599 $ 1,414,500
Cost of services and goods sold 536,921 600,409
-------------- --------------
Gross profit 763,678 814,091
Total operating expenses (685,098) (831,612)
-------------- --------------
Earnings (loss) before undernoted items 78,580 (17,521)
Interest expense (25,973) (40,098)
Amortization of financing costs - (2,670)
Amortization of intangible asset - (2,682)
Change in fair value of derivative (9,605) -
Gain (loss) on foreign exchange 15,921 (28,491)
Gain on disposal of property and equipment 11,495 2,195
-------------- --------------
Net income (loss) $ 70,418 $ (89,267)
-------------- --------------
>>
Certain statements included in this news release contain forward looking statements, which by their nature are necessarily subject to risks and uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such statements reflect the Company's current views with respect to future events, and are based on information currently available to the Company and on hypotheses which it considers to be reasonable; however, management warns the reader that hypotheses relative to future events which are beyond the control of management could prove to be false, given that they are subject to certain risks and uncertainties.
The TSX Venture Exchange has not reviewed the foregoing and has neither approved or disapproved the contents of this press release.
%SEDAR: 00007687E
/CONTACT: gpretli@intouchsurvey.com, Controller and Corporate Secretary, 613-270-7916 Copyright CNW Group 2010
INX.V DD Annual financial results
PRESS RELEASE: In-Touch Survey Systems Ltd. announces annual financial results
Dow Jones & Company, Inc. - Apr 30 at 22:01
Company Symbols: TorontoVE:INX, OtherOTC:INXSF
OTTAWA, April 30 /CNW Telbec/ - In-Touch Survey Systems Ltd. ("In-Touch" TSX- Venture: INX) announces that revenue declined 7% to $5,479,081 in FY 2009 compared to $5,914,814 in FY 2008. Net loss for 2009 was $440,377 compared to a net loss of $177,206 in 2008. $400,108 of the 2009 losses were due to the operations of the Market Research segment that was acquired in 2008 and the one- time charges associated with writing this segment off. Operating income improved to become positive at $15,477 in 2009 compared to a loss of $219,483 in 2008. The non-GAAP Company-defined adjusted EBITDA, as described in the Company's Management Discussion and Analysis public filings, was $293,000 in FY 2009, compared to $276,000 in FY 2008.
"The economic downturn that began in the second half of 2008 and continued throughout 2009 provided significant challenges for the Company as over $1.3 million in orders were cancelled by major customers. However, even with the 22% cut in sales orders the Company was successful in replacing 70% of the cancelled orders with new customer business," said Michael Gaffney, Chief Executive Officer.
"We continue to be optimistic about the future even though the economic challenges of 2008-2009 are still impacting 2010. Initial revenue forecasts for Q1 2010 are slightly ahead of Q1 2009 revenue forecasts but the Company cautions that the economy is still very unpredictable. Because of the Company's significantly improved cost structure and new scalable technology, we expect to be net income positive if revenue levels are similar to 2009. After a very challenging year this is a very big accomplishment," said Gaffney.
<<
Consolidated Statements of Operations 2009 2008
-------------- --------------
Revenue $ 5,479,081 $ 5,914,814
Cost of services and goods sold 2,200,533 2,321,746
-------------- --------------
Gross profit 3,278,548 3,593,068
Total operating expenses 3,263,071 3,812,551
-------------- --------------
-------------- --------------
Earnings (loss) before undernoted items 15,477 (219,483)
Interest expense on short term debt (23,996) (20,659)
Interest expense on long term debt (109,300) (83,558)
Interest on capital leases (21,465) (11,245)
Amortization of financing costs (10,682) (18,581)
Amortization of discount on promissory
note - (55,019)
Amortization of intangible asset (9,596) (34,123)
Change in fair value of derivative (33,956) 94,096
Gain (loss) on foreign exchange (85,422) 119,055
Gain on disposal of property and equipment 12,745 50,311
Other income - 22,000
Impairment of franchise (31,193) -
Impairment of intangible assets and
goodwill (142,989) -
-------------- --------------
Net loss $ (440,377) $ (177,206)
-------------- --------------
-------------- --------------
>>
Certain statements included in this news release contain forward-looking statements, which by their nature are necessarily subject to risks and uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such statements reflect the Company's current views with respect to future events, and are based on information currently available to the Company and on hypotheses which it considers to be reasonable; however, management warns the reader that hypotheses relative to future events which are beyond the control of management could prove to be false, given that they are subject to certain risks and uncertainties.
The TSX Venture Exchange has not reviewed the foregoing and has neither approved or disapproved the contents of this press release.
%SEDAR: 00007687E
/CONTACT: Michael Gaffney, mgaffney@intouchsurvey.com, Chief Executive Officer, (613) 270-7911 Copyright CNW Group 2010
INX.V.. DD Apr 23 at 17:38
PRESS RELEASE: In-Touch Survey Systems Ltd. revises previous grant of stock options
Dow Jones & Company, Inc. - Apr 23 at 17:38
Company Symbols: TorontoVE:INX, OtherOTC:INXSF
OTTAWA, April 23 /CNW Telbec/ - In-Touch Survey Systems Ltd. ("In-Touch" TSX- Venture: INX.V) Michael J. Gaffney, CEO of In-Touch Survey Systems Ltd. reports that the Company has revised the exercise price of options to acquire 725,000 common shares granted and previously announced on March 10, 2010 from an exercise price of C $0.06 per share to $0.10 per share.
The current stock option plan expires August 31, 2010 and is subject to regulatory approval.
The TSX Venture Exchange has not reviewed the foregoing and has neither approved or disapproved the contents of this press release.
%SEDAR: 00007687E
/CONTACT: Michael Gaffney, (613) 270-7911, mgaffney@intouchsurvey.com, www.intouchsurvey.com Copyright CNW Group 2010
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http:// www.djnewsplus.com/nae/al?rnd=mzBJX%2FyZMgw5ZkWYqBFYBg%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
04-23-10 1738ET
Increased Use of Mystery Shopping is Good News for the Economy
Reports from Annual Conference Are Encouraging
DALLAS, Oct 13, 2010 (BUSINESS WIRE) -- Another positive sign the U.S. economy is
slowly but surely recovering was evident in Chicago just a few days ago as many
of the country's mystery shopping companies reported a significant increase in
the number of client companies re-instating or enhancing their programs.
"Our clients always knew the value mystery shopping brought to their business,
and we're seeing an increase in activity over the past several months," said
Elaine Buxton of Confero, one of nearly 200 members who attended the annual
conference of The Mystery Shopping Providers Association (MSPA) held recently in
Chicago. "It's encouraging to see companies re-gaining the confidence to invest
in the long-term health of their business."
The MSPA is the largest trade association dedicated to measuring and improving
the customer experience using anonymous resources. Most topics at the conference
focused on how best to measure and ultimately improve service quality at a time
in history when loyalty is more and more rare.
"Businesses are turning to our MSPA member companies to help them objectively
monitor and maximize the customer experience," said John Swinburn, executive
director of the MSPA. "Effectively managing the customer experience requires
fully understanding how it unfolds; mystery shopping is the only way to capture
that understanding."
Swinburn added that many MSPA member companies have reported significantly
increased revenues over the past two years.
Many companies use mystery shopping results to improve employee training or
reward employees for excellent scores, as well as compare evaluation scores on a
per-shop or per-region basis to identify positive trends and share best
practices.
In some cases, mystery shopping has been credited with increasing customer
loyalty, enhancing customer service, and improving cross-selling and up-selling.
Each of these has helped companies to increase sales or maintain market share in
very competitive sales environments.
During his state of the industry presentation, MSPA founding member Mark
Michelson, a vice president at Synovate, shared that techniques such as
"predictive analytics" are being used to predict how consumers will behave in a
given situation before they actually do.
He added that the only objective, measureable way to track results of such
programs is to put a mystery shopping program in place. Because mystery shopping
providers work with the end-user to establish an outline of what shoppers should
observe during an evaluation, businesses can learn about essentially any part of
the customer's experience.
Other topics covered at the 2010 MSPA Annual Conference included a plea to
members to continue spreading the word to potential mystery shoppers about check
cashing scams that use mystery shopping as a disguise.
The association is working to combat the scams, warn consumers, and protect the
credibility of hundreds of legitimate mystery shopping companies belonging to
MSPA.
"It's important to note check-cashing scams have been around for decades,"
Swinburn said. "Operating under the guise of legitimate mystery shopping is just
another way for the thieves to distract their victims. We advise people to go to
the MSPA web site Click for Detail
INXSF.. Looks like a turn around in progress.. hank
\
PRESS RELEASE: IN-TOUCH SURVEY SYSTEMS LTD. ANNOUNCES PROFITABLE Q2 2010 FINANCIAL RESULTS
Dow Jones & Company, Inc. - Aug 24 at 17:15
Company Symbols: TorontoVE:INX, OtherOTC:INXSF
OTTAWA, Aug. 24 /CNW/ - In-Touch Survey Systems Ltd. ("In-Touch" TSX-Venture: INX) announces revenue of $1,300,599 in Q2 2010 compared to $1,414,500 in Q2 2009. Net Income for Q2 2010 increased 178% to $70,418 compared to a net loss of $89,267 in Q2 2009. The Company-defined adjusted EBITDA increased 563% to $181, 000 in Q2 2010, compared to an EBITDA of $27,000 in Q2 2009.
"In-Touch is still adjusting to the effects from the 2009 recession as revenues return to pre-recession levels. The company has now enjoyed four consecutive quarters of positive income from operations; has an increasingly diversified revenue base; and encouraging financial performance in terms of net income and cash flow because of our continued investment in software tools for product development and operations", said Michael Gaffney, Chief Executive Officer.
"Looking forward, revenues for Q3 2010 will exceed revenues for the same period of 2009. Currently, Q4 2010 bookings exceed 66% of target but it is still too early to accurately forecast final Q4 2010 revenues. However, we are predicting that FY 2010 will be net income positive with a significant amount of positive cash flow (EBITDA)", said Gaffney.
<<
Consolidated Statements of Operations Q2 2010 Q2 2009
-------------- --------------
Revenue $ 1,300,599 $ 1,414,500
Cost of services and goods sold 536,921 600,409
-------------- --------------
Gross profit 763,678 814,091
Total operating expenses (685,098) (831,612)
-------------- --------------
Earnings (loss) before undernoted items 78,580 (17,521)
Interest expense (25,973) (40,098)
Amortization of financing costs - (2,670)
Amortization of intangible asset - (2,682)
Change in fair value of derivative (9,605) -
Gain (loss) on foreign exchange 15,921 (28,491)
Gain on disposal of property and equipment 11,495 2,195
-------------- --------------
Net income (loss) $ 70,418 $ (89,267)
-------------- --------------
>>
Certain statements included in this news release contain forward looking statements, which by their nature are necessarily subject to risks and uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such statements reflect the Company's current views with respect to future events, and are based on information currently available to the Company and on hypotheses which it considers to be reasonable; however, management warns the reader that hypotheses relative to future events which are beyond the control of management could prove to be false, given that they are subject to certain risks and uncertainties.
The TSX Venture Exchange has not reviewed the foregoing and has neither approved or disapproved the contents of this press release.
%SEDAR: 00007687E
/CONTACT: gpretli@intouchsurvey.com, Controller and Corporate Secretary, 613-270-7916 Copyright CNW Group 2010
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http:// www.djnewsplus.com/nae/al?rnd=ymqeKfHn7kxfep%2BfvGNf%2Bw%3D%3D. You can use this link on the day this article is published and the following day.
PRESS RELEASE: IN-TOUCH SURVEY SYSTEMS LTD. ANNOUNCES PROFITABLE Q2 2010 FINANCIAL RESULTS
Dow Jones & Company, Inc. - Aug 24 at 17:15
Company Symbols: TorontoVE:INX, OtherOTC:INXSF
OTTAWA, Aug. 24 /CNW/ - In-Touch Survey Systems Ltd. ("In-Touch" TSX-Venture: INX) announces revenue of $1,300,599 in Q2 2010 compared to $1,414,500 in Q2 2009. Net Income for Q2 2010 increased 178% to $70,418 compared to a net loss of $89,267 in Q2 2009. The Company-defined adjusted EBITDA increased 563% to $181, 000 in Q2 2010, compared to an EBITDA of $27,000 in Q2 2009.
"In-Touch is still adjusting to the effects from the 2009 recession as revenues return to pre-recession levels. The company has now enjoyed four consecutive quarters of positive income from operations; has an increasingly diversified revenue base; and encouraging financial performance in terms of net income and cash flow because of our continued investment in software tools for product development and operations", said Michael Gaffney, Chief Executive Officer.
"Looking forward, revenues for Q3 2010 will exceed revenues for the same period of 2009. Currently, Q4 2010 bookings exceed 66% of target but it is still too early to accurately forecast final Q4 2010 revenues. However, we are predicting that FY 2010 will be net income positive with a significant amount of positive cash flow (EBITDA)", said Gaffney.
<<
Consolidated Statements of Operations Q2 2010 Q2 2009
-------------- --------------
Revenue $ 1,300,599 $ 1,414,500
Cost of services and goods sold 536,921 600,409
-------------- --------------
Gross profit 763,678 814,091
Total operating expenses (685,098) (831,612)
-------------- --------------
Earnings (loss) before undernoted items 78,580 (17,521)
Interest expense (25,973) (40,098)
Amortization of financing costs - (2,670)
Amortization of intangible asset - (2,682)
Change in fair value of derivative (9,605) -
Gain (loss) on foreign exchange 15,921 (28,491)
Gain on disposal of property and equipment 11,495 2,195
-------------- --------------
Net income (loss) $ 70,418 $ (89,267)
-------------- --------------
>>
Certain statements included in this news release contain forward looking statements, which by their nature are necessarily subject to risks and uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such statements reflect the Company's current views with respect to future events, and are based on information currently available to the Company and on hypotheses which it considers to be reasonable; however, management warns the reader that hypotheses relative to future events which are beyond the control of management could prove to be false, given that they are subject to certain risks and uncertainties.
The TSX Venture Exchange has not reviewed the foregoing and has neither approved or disapproved the contents of this press release.
%SEDAR: 00007687E
/CONTACT: gpretli@intouchsurvey.com, Controller and Corporate Secretary, 613-270-7916 Copyright CNW Group 2010
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http:// www.djnewsplus.com/nae/al?rnd=ymqeKfHn7kxfep%2BfvGNf%2Bw%3D%3D. You can use this link on the day this article is published and the following day.
--------------------------
INXSF.. 0.041
PRESS RELEASE: In-Touch Survey Systems Ltd. announces Q1 2010 financial results with 194% growth in net income and 602% increase in EBITDA ..............
Dow Jones & Company, Inc. - May 20 at 16:01
Company Symbols: TorontoVE:INX, OtherOTC:INXSF
OTTAWA, May 20 /CNW Telbec/ - In-Touch Survey Systems Ltd. ("In-Touch" TSX- Venture: INX) announces revenue of $1,321,745 in Q1 2010 compared to $1,358,291 in Q1 2009. Net Income for Q1 2010 increased 194% to $151,969 compared to a net loss of $160,228 in Q1 2009. The Company-defined adjusted EBITDA increased 602% to $246,000 in Q1 2010, compared to an EBITDA of $(49,000) in Q1 2009.
"With Q1 2010 revenues comparable to Q1 2009 the Company achieved significant positive results in both Net Income and Cash Flow (EBITDA). Just maintaining revenues in 2010 was a major accomplishment given the state of the economy," said Michael Gaffney, Chief Executive Officer.
"The significant improvement in financial performance was due to a number of reasons. We achieved a Gross Margin of 67% in Q1 2010; much higher than a Gross Margin of 59% in Q1 2009. Corporate overheads decreased significantly in 2010 as the Company has fully integrated its 2008 acquisitions. Also, the 2009 audited consolidated financial statements provide details about the write off of poorly performing assets (see the MarketLine division write-down) and related costs which no longer appear in 2010," said Gaffney.
"Our current sales backlog is ahead of last year but it is still difficult to predict future revenues. There are good indications that the Company will remain profitable for the entire year - with breakeven occurring at much lower revenue levels compared to 2009. The Company was very successful in the last year replacing cancelled auto industry orders with major new customers in the insurance, grocery and telecommunications industries. Fundamental to all our operational improvements are the improvements to our platform software technology which becomes more important and strategic as each day passes and we continue to be very positive about the future," said Gaffney.
<<
Consolidated Statements of Operations Q1 2010 Q1 2009
-------------- --------------
Revenue $ 1,321,745 $ 1,358,291
Cost of services and goods sold 439,940 558,190
-------------- --------------
Gross profit 881,805 800,101
Total operating expenses 699,889 936,001
-------------- --------------
Earnings (loss) before undernoted items 181,916 (135,900)
Interest expense (20,255) (34,195)
Amortization of financing costs - (4,217)
Amortization of discount on promissory note - -
Amortization of intangible asset - (2,777)
Change in fair value of derivative - -
Gain (loss) on foreign exchange (9,692) 2,774
Gain on disposal of property and equipment - 14,087
-------------- --------------
Net income (loss) $ 151,969 $ (160,228)
-------------- --------------
-------------- --------------
>>
Certain statements included in this news release contain forward looking statements, which by their nature are necessarily subject to risks and uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such statements reflect the Company's current views with respect to future events, and are based on information currently available to the Company and on hypotheses which it considers to be reasonable; however, management warns the reader that hypotheses relative to future events which are beyond the control of management could prove to be false, given that they are subject to certain risks and uncertainties.
The TSX Venture Exchange has not reviewed the foregoing and has neither approved or disapproved the contents of this press release.
%SEDAR: 00007687E
/CONTACT: mgaffney@intouchsurvey.com, Chief Executive Officer, (613) 270- 7911 Copyright CNW Group 2010
INXSF..
Thats great as I havent sold a share.. I don't look at the quotes from Cda. so I was unaware.. Have a nice week end.. How's being a full time trade treating you..hank
Someone has been buying shares in the .15 range the last couple days. Not many shares but still its nice to see some interest.
All they need is a little sales growth and the upside should be significant. Their operating leverage is huge and they wouldn't need that much revenue to start turning in .02+ quarters.
INXSF..
I have a bid in @$0.078 and it's on open.. I would like to either buy more or just mark it up.. I think we will see $0.25 before the end of the year.. IMO .. hank
www.canadianinsider.com
What do you use as a source for Canadian insider buying?
another 7500 shares bought by Gaffney
The only time this thing trades is when the CEO buys shares in the open market. That is nearly a literally true statement.
INXSF.. 0.041
PRESS RELEASE: In-Touch Survey Systems Ltd. announces Q1 2010 financial results with 194% growth in net income and 602% increase in EBITDA ..............
Dow Jones & Company, Inc. - May 20 at 16:01
Company Symbols: TorontoVE:INX, OtherOTC:INXSF
OTTAWA, May 20 /CNW Telbec/ - In-Touch Survey Systems Ltd. ("In-Touch" TSX- Venture: INX) announces revenue of $1,321,745 in Q1 2010 compared to $1,358,291 in Q1 2009. Net Income for Q1 2010 increased 194% to $151,969 compared to a net loss of $160,228 in Q1 2009. The Company-defined adjusted EBITDA increased 602% to $246,000 in Q1 2010, compared to an EBITDA of $(49,000) in Q1 2009.
"With Q1 2010 revenues comparable to Q1 2009 the Company achieved significant positive results in both Net Income and Cash Flow (EBITDA). Just maintaining revenues in 2010 was a major accomplishment given the state of the economy," said Michael Gaffney, Chief Executive Officer.
"The significant improvement in financial performance was due to a number of reasons. We achieved a Gross Margin of 67% in Q1 2010; much higher than a Gross Margin of 59% in Q1 2009. Corporate overheads decreased significantly in 2010 as the Company has fully integrated its 2008 acquisitions. Also, the 2009 audited consolidated financial statements provide details about the write off of poorly performing assets (see the MarketLine division write-down) and related costs which no longer appear in 2010," said Gaffney.
"Our current sales backlog is ahead of last year but it is still difficult to predict future revenues. There are good indications that the Company will remain profitable for the entire year - with breakeven occurring at much lower revenue levels compared to 2009. The Company was very successful in the last year replacing cancelled auto industry orders with major new customers in the insurance, grocery and telecommunications industries. Fundamental to all our operational improvements are the improvements to our platform software technology which becomes more important and strategic as each day passes and we continue to be very positive about the future," said Gaffney.
<<
Consolidated Statements of Operations Q1 2010 Q1 2009
-------------- --------------
Revenue $ 1,321,745 $ 1,358,291
Cost of services and goods sold 439,940 558,190
-------------- --------------
Gross profit 881,805 800,101
Total operating expenses 699,889 936,001
-------------- --------------
Earnings (loss) before undernoted items 181,916 (135,900)
Interest expense (20,255) (34,195)
Amortization of financing costs - (4,217)
Amortization of discount on promissory note - -
Amortization of intangible asset - (2,777)
Change in fair value of derivative - -
Gain (loss) on foreign exchange (9,692) 2,774
Gain on disposal of property and equipment - 14,087
-------------- --------------
Net income (loss) $ 151,969 $ (160,228)
-------------- --------------
-------------- --------------
>>
Certain statements included in this news release contain forward looking statements, which by their nature are necessarily subject to risks and uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such statements reflect the Company's current views with respect to future events, and are based on information currently available to the Company and on hypotheses which it considers to be reasonable; however, management warns the reader that hypotheses relative to future events which are beyond the control of management could prove to be false, given that they are subject to certain risks and uncertainties.
The TSX Venture Exchange has not reviewed the foregoing and has neither approved or disapproved the contents of this press release.
%SEDAR: 00007687E
/CONTACT: mgaffney@intouchsurvey.com, Chief Executive Officer, (613) 270- 7911 Copyright CNW Group 2010
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http:// www.djnewsplus.com/nae/al?rnd=yT92a%2FaLWKxF5hHgHA5UfQ%3D%3D. You can use this link on the day this article is published and the following day.
PRESS RELEASE: In-Touch Survey Systems Ltd. revises previous grant of stock options
from an exercise price of C $0.06 per share to $0.10 per share.
Dow Jones & Company, Inc. - Apr 23 at 17:38
Company Symbols: TorontoVE:INX, OtherOTC:INXSF
OTTAWA, April 23 /CNW Telbec/ - In-Touch Survey Systems Ltd. ("In-Touch" TSX- Venture: INX.V) Michael J. Gaffney, CEO of In-Touch Survey Systems Ltd. reports that the Company has revised the exercise price of options to acquire 725,000 common shares granted and previously announced on March 10, 2010 from an exercise price of C $0.06 per share to $0.10 per share.
The current stock option plan expires August 31, 2010 and is subject to regulatory approval.
The TSX Venture Exchange has not reviewed the foregoing and has neither approved or disapproved the contents of this press release.
%SEDAR: 00007687E
/CONTACT: Michael Gaffney, (613) 270-7911, mgaffney@intouchsurvey.com, www.intouchsurvey.com Copyright CNW Group 2010
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http:// www.djnewsplus.com/nae/al?rnd=mzBJX%2FyZMgw5ZkWYqBFYBg%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
04-23-10 1738ET
Hope it happens that way
I had big expectations for this before the tidal wave hit.
If my portfolio was an organism this stock would represent sleeper cells which should be ready to awaken when poked by an inflammation.
IHub is definitely off but trading is light
This is one that I think we can sit and wait for the earnings report. If things look good I bet you would still be able to pick up some at .10/share. If they do that .01'ish number and look bullish I think I would be looking to pick up some more
IHUB shows 67K traded since Nov 2009! Is it just us and some friendly insiders giving this thing Cred?
Our share count is pretty similar
If they hit my number and earn in the .01 ballpark and guidance looks good I will be adding.
Reply To 'gilead23' on 'In-Touch Survey Systems INXSF (INXSF)'
Yes I saw that.. I have 203,052 shares in position wit a $0.12 Ave.. This was never a trading position as it was bought thru E-Trade foreign and they use a robot.. So purchases and sales may only be made at the posted bid and ask.. Hopefully we will see $0.35 this year.. hank
Gaffney still soaking up shares
Apr 14/10 Apr 13/10 Gaffney, Michael John Direct Ownership Common Shares 10 - Acquisition in the public market 15,000 $0.060
We should have the numbers in the next couple weeks. Hopefully this means they are good.
buying is continuing
Gaffney just filed some more buys
These are his buys since March
Apr 09/10 Apr 09/10 Gaffney, Michael John Direct Ownership Common Shares 10 - Acquisition in the public market 20,000 $0.070
Apr 09/10 Apr 09/10 Gaffney, Michael John Direct Ownership Common Shares 10 - Acquisition in the public market 20,000 $0.070
Apr 09/10 Apr 09/10 Gaffney, Michael John Direct Ownership Common Shares 10 - Acquisition in the public market 40,000 $0.070
Apr 08/10 Mar 31/10 Gaffney, Michael John Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.060
Mar 26/10 Mar 26/10 Gaffney, Michael John Indirect Ownership Common Shares 10 - Acquisition in the public market 40,000 $0.100
Mar 23/10 Mar 23/10 Gaffney, Michael John Direct Ownership Common Shares 10 - Acquisition in the public market 50,000 $0.070
Mar 05/10 Mar 04/10 Gaffney, Michael John Direct Ownership Common Shares 10 - Acquisition in the public market 50,000 $0.060
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