Key highlights Sustained revenue growth of $3.6 M, or 13.8% over the same period of the previous fiscal year, reaching $29.4 M for the second quarter of fiscal year 2019; Recurring revenues from Aftermarket, Specialty Products and Operation & Maintenance (“O&M”), representing 70.8% of total revenues; Selling, operating and administrative expenses (“SG&A”) decrease to 16.7% for the second quarter of fiscal year 2019, from 18.8% for the same quarter of the previous fiscal year; Consolidated backlog, combining Projects and O&M business pillars, stood at $147.7 M as of December 31, 2018, compared to $116.1 M for the period ended December 31, 2017; Adjusted EBITDA1 of $1.4 M, or 4.7% over revenues, during the second quarter of fiscal year 2019; Net loss decreased by $0.1 M to reach ($1.2 M) for the second quarter of fiscal year 2019, from a net loss of ($1.3 M) for the same quarter of the previous fiscal year; Adjusted net loss2 stood at ($0.3 M) for the second quarter of this fiscal year, compared to an adjusted net loss of ($0.8 M) for the same quarter of the previous fiscal year. All amounts in Canadian dollars unless otherwise stated. QUEBEC CITY, Feb. 13, 2019 (GLOBE NEWSWIRE)… Read full this story
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