(ARD: TSX-V)
Armada Posts Record Q1 Results: Revenue up 58%. Net Income Up 244%. Dividend To Increase
Armada Data, one of our most recent additions to The AGORACOM 100 and subject of this profile on Wednesday, blew the doors of their first quarter on all metrics including revenues, net income and operating income. In addition, the company reported increases in all 3 of its revenue streams. Finally, the company announced plans to increase its dividend. How many TSX Venture companies pay a dividend, let alone announce increases?
Yes, junior resource companies are hot and their future looks good – but every portfolio needs diversity and this Web 2.0 machine deserves strong consideration.
As always, assume I am horribly conflicted with clients and look at both the following numbers and the entire quarterly report for yourself. Make sure to read my blog profile of Armada for a great understanding of what the company does and why I like its future.
Highlights For The Quarter Compared To The Same Quarter Last Year
· Net income increased to $156,298 from $45,381; an increase of 244% or 1.2 cents per share
· Revenue increased to $746,695 from $471,992 last year; an increase of 58%
*My Note – If Armada Data can maintain these net income and revenue numbers through Q2, 3 and 4, they will significantly surpass their previous years’ performance.
· Operating income (before amortization and stock-based compensation) increased to $179,873 from $56,294 last year; an increase of 220% or 1.3 cents per share
· Dealer Services revenue increased 112%
· Insurance Services revenue increased 72%
· Retail Services revenue increased 44%
· Advertising/Marketing Services revenue increased 23%
· Company plans to increase yearly dividend. Amount to be determined at year end.
Click on link below to read entire press release:
Armada Posts Record Q1 Results: Revenue up 58%. Net Income Up 244%. Dividend To Increase
Armada Data is a profitable web-enabled Automobile Information Services Company providing accurate and real-time pricing data, to institutional and retail customers on a fee-for-service basis, through developing, owning and operating automotive related websites such as www.carcostcanada.com and providing information services to its clients.
Congratulations to Paul Timoteo and the entire Armada Data team on a great quarter.
Regards,
George
[…] Great news from one of our most recent additions to the AGORACOM 100. Â The Company’s flagship website CarCostCanada.com experienced the highest traffic, sales, revenue and profits of any October in the division’s history. Â This is fresh off the heals of the company’s announcement last week about record Q1 results and an increasing dividend. […]