InteliSys Q3/05 Results - Achieves Profitability Ahead of Plan
SHEDIAC, NB, Nov 30, 2005 /PRNewswire-FirstCall via COMTEX/ -- InteliSys Aviation Systems of America Inc. (OTCBB:IYSA), a leading developer and service provider of aviation software, which it sells under the trade name "amelia", announced its operating results for the quarter ended September 30, 2005.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx The Company reported a Net Profit of $69,431, or $0.01 per share fully diluted in Q3 of 2005. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The Company's Management had projected achieving break-even operations in Q4 of 2005. Higher than expected revenues, lower delivery costs, and favourable debt settlement propelled the Company into profitability one quarter earlier than expected.
When comparing the third quarter of 2005 with the third quarter of 2004, revenues increased by 13%. Service Delivery Expense decreased by 11%. Gross Profit increased by 57%.
When comparing the third quarter of 2005 with the second quarter of 2005, revenues increased by 6%. Service Delivery Expense decreased by 18%. Gross Profit increased by 32%.
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