Armada Posts Record Q2: Revenue up 66% – Operating Income up 33%
Armada Data Corporation (TSX VENTURE:ARD), the web-enabled Automobile Information Services Company that  provides accurate and real-time pricing to institutional and retail customers  has come out with  Q2 results.
Remember that Armada Data is an AGORACOM client so as always assume I am horribly conflicted. Having said that, I will let the Armada Data news speak for itself. The following is a highlight of their Q2 numbers, as can be found in today’s press release.
Highlights for the Quarter compared to the same quarter last year
- The Company reported the highest revenue in the Company’s history
- Overall revenue grew from $453,046 last year to $750,628; an increase of 66%.
- Operating income (before amortization and stock-based compensation) grew from $50,056 to $66,660; an increase of 33%.
- Insurance Services revenue grew from $184,810 to $299,895; an increase of 62%.
- Retail Services revenue grew from $123,373 to $212,316; an increase of 72%.
- Dealer Services revenue grew from $87,905 to $197,887; an increase of 125%.
- Advertising/Marketing Services revenue grew from $14,025 to $39,334; an increase of 180%.
- CarCostCanada.com new membership sales grew from 3,168 to 5,483; an increase of 73%.
- Company plans to increase yearly dividend. Amount to be determined at year end.
Click on link below to read entire press release: