|By Marketwired .||
|September 5, 2013 02:19 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/05/13 -- Xianburg Data Systems Canada Corporation (the "Company") today announced its financial results for the Fiscal 2013 second quarter ended June 30, 2013 ("FY 2013 Q2"). All amounts are reported in Canadian dollars unless otherwise stated.
Selected highlights of the FY 2013 Q2:
-- Revenue of $837K, an increase of 31% compared to $640K for the same period last year. -- Adjusted EBITDA (a non-IFRS term) was $444K, an increase of $339K compared to $105K for the same period last year. The Company uses adjusted EBITDA (a non-IFRS financial measure) internally to make strategic decisions, forecast future results and evaluate its performance, defined as net income before interest, income taxes, depreciation, amortization, stock option compensation expenses, foreign currency loss, and minority interest. -- Gross margin of $463K (55% of revenue) an increase of 57% compared to $294K (46% of revenue) for the same period last year. -- Net income was $243K, an increase of $218K compared to $25K for the same period last year. Revenue 837K 640K Net income 243K 25K Net earnings (loss) per share, basic and diluted $0.016 $0.002
About Xianburg Data Systems Canada Corporation
The Company, through its wholly-owned subsidiary Xianburg Data Systems (Canada) Inc., governs and administers the operating entity Xianburg International Data Group Co., Ltd.("XID"), a Chinese based operating company, and earns substantially all of its income from XID. XID is an IT products and services firm based in Xi'an and Beijing, PRC, and it is recognized as a leader in China in providing mass data storage and disaster recovery solutions. XID believes that it has held a position of advantage over its competitors in providing big data systems solutions since 2010. XID has published more than 200 volumes of economic, cultural and business databases and it is a leading publisher of such databases in China.
Xianburg Data Systems Canada Corporation
Director of Investor Relations