Category Archives: record revenues

CrowdGather Reports Record Financial Results, Appears Undervalued



CrowdGather (CRWG) Reports Record Financial Results, Appears Undervalued (via The OTC Investor)

Many internet companies have the same M.O.: They develop a product that reaches a lot of users, undergo an IPO when the market is hot, and then focus on monetizing their users after the fact. Unfortunately, this strategy is still questionable for social media companies like Facebook Inc. (NASDAQ: FB…

Profire Energy, Inc. Announces Record Revenue Results for the 2012 Third Fiscal Quarter

Profire Energy, Inc. (OTCBB: PFIE) reported net income before income taxes for the quarter ending December 31, 2011 of $1,245,322 on total revenues of $5,068,983. By comparison, during the Company’s prior-year third fiscal quarter, it realized net income before income taxes of $846,878 on total revenues of $2,696,417. Earnings per share for the third fiscal quarter 2012 were $.02. Year-over-year revenue and net income growth were 88% and 44%, respectively.

Total revenue for the nine-month period ended December 31, 2011 was $12,275,228 compared to $5,605,063 for the comparable prior year period, a 119% increase. For the same period, net income before income taxes totaled $3,960,607 compared to $1,604,175, a 147% increase. On a per share basis the Company earned $.06 for the nine-month period December 31, 2011, a 200% increase over the nine month period ended December 31, 2010.

“Revenue results for the quarter represent the best ever for the Company. We attribute this to the expansion of our market in the United States, the growth of our sales team and the increase in general activity in energy throughout North America. We have invested heavily in personnel and facilities to accommodate this growth and will continue to do so as we seek to add value through the development and sale of our technologies,” stated Andrew Limpert, CFO of Profire Energy, Inc.

About Profire Energy, Inc.
Profire Energy, Inc. is a leading manufacturer and installer of oilfield combustion management systems and related burner products. Our products and services assist energy production companies in the safe and efficient transportation, refinement and production of oil and natural gas. The Company’s lead products are the Profire 2100 and the Profire 1100, which are burner management systems that oil and gas producers rely on to provide reliable management and ignition of combustion burners and associated vessels such as separators, dehydrators, line heaters, incinerators, etc.

To learn more about Profire Energy’s products and services, please visit www.profireenergy.com. Profire has offices in Lindon, Utah, U.S.A and Edmonton, Alberta, Canada.

Destiny Media Announces Record Results for Q1

VANCOUVER, Jan. 14 /PRNewswire-FirstCall/ – Destiny Media Technologies (OTCBB: DSNY) is pleased to announce results for the quarter and period ending November 30th, 2010. Revenues of $1,056,638 are the highest in the company’s history and reflect an increase of 17% over the previous quarter and 1% over the same quarter in the prior year. International revenues grew 23% over the prior year, expressed in USD, despite an 8% decline in the Euro. North American revenues declined 7% reflecting lower paid transaction volumes by two of the four major labels.

Net income of $72,680 declined from $322,680 in the prior quarter, as a result of a 27% increase in operating expenditures. The majority of this increase was associated with non-recurring costs associated with a new TSX stock exchange listing, an increase in legal fees because of a trial which occurred during the quarter, and unfavorable exchange fluctuations.

Company CFO, Fred Vandenberg comments “In 2011 we expect to capitalize on the investments we made in 2010 which include the integration of our patent pending watermarking technology into the industry’s anti piracy web crawler and the ongoing development of the ability to deliver music directly into RCS’s global network of radio scheduling systems, first announced in December 2009. We have observed continual growth in Play MPE® revenue over the past 4 years and believe we can continue this trend in the immediate future.”

Super 7 Update – SPCK and DSNY

1) Superclick Reports Record Revenue and Net Income for the Fiscal Year Ended October 31, 2009 (1/13/09)

2) Destiny Media Q1 Record Revenues Jump 89% (1/14/09)

Spare Backup, Inc. Sees Second Quarter 2009 Subscriptions at Record Levels Between $1.3 and $1.6 Million

From PRNewswire.com

Company to Hold Conference Call to Discuss 2009 Business Outlook

PALM DESERT, Calif., June 9 /PRNewswire-FirstCall/ — Spare Backup, Inc. (OTC Bulletin Board: SPBU), an industry-leading provider of automated, online backup applications, and cloud services for home users and small businesses, announced today that it sees total subscriptions for the second quarter of 2009 ranging between $1.3 and $1.6 million. We anticipate record revenue for the second quarter of 2009 ranging between $500,000 and $600,000 and unearned revenue from annual subscriptions between $800,000 and $1.1 million. The unearned revenue will be recognized as revenue over the subscription term as per our revenue recognition policy which is based on generally accepted accounting principles.

The improved top line performance was largely attributable to its continued rollout of data backup offerings with its partners. Revenue is expected to benefit slightly from an improving pound (GBP) currency in the quarter versus the U.S. dollar. During first quarter of 2009 we had total subscriptions of approximately $1.1 million. We recognized revenues for the first quarter of 2009 amounting to approximately $456,000 and unearned revenue from annual subscriptions sold during first quarter amounting to approximately $608,000. The total subscriptions in the 2nd quarter are expected to exceed the total amount of revenue recorded for the full year of 2008. Seasonality has historically caused the second half of the year to be stronger than the first half.

Management anticipates the roll out of its current and new RETAIL partnerships, as well as other OEMs, and new product offerings such as Spare Room, Spare Mobile, and Spare Sync will continue to expand revenue in the coming quarters. Management will be hosting a conference call to discuss its business outlook for 2009. The information for that call is as follows:

* Date: July 7, 2009
* Time: to be separately announced
* Dial-in number for US/Canada: to be separately announced
* Dial-In number for international callers: to be separately announced
* Conference ID: to be separately announced

Mr. Cery Perle, CEO of the Spare Backup, Inc., commented, “We continue to achieve positive momentum and are excited by the growth in our subscriptions as well as the progress we are making on numerous business fronts. We will be discussing current business relationships, new product launches, pending transactions, financings and new business relationships. We look forward to further communicating where we see the future of our company as we strive to reach our goal of positive EBITDA in 2009 and profitability in 2010.”

For additional information, visit http://www.sparebackup.com. For investor relations, please contact our investor relations department at 760-779-4241 Ext. 224 or ir@sparebackup.com.

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