SYS-CON MEDIA Authors: PagerDuty Blog, Michael Jannery, Pat Romanski, Elizabeth White, Liz McMillan

News Feed Item

Engagement Labs Announces a 22% Increase in Revenues for its Most Recent Quarter Ended November 30, 2013

MONTREAL, QUEBEC and TORONTO, ONTARIO and PARIS, FRANCE -- (Marketwired) -- 01/29/14 -- Engagement Labs Inc. ("Engagement Labs")(TSX VENTURE: EL), formerly Parta Dialogue Inc. (TSX VENTURE: PAD) until December 30, 2013, a Social Intelligence & Analytics Technology Provider, released results for its most recent quarter ended November 30, 2013. Revenues have increased by 22% compared to the previous quarter ended August 31, 2013 and decreased by 42% from the comparative quarter ended November 30, 2012. Condensed Interim Consolidated Financial Statements and Management Report are available on SEDAR's website at www.sedar.com.

In addition to the $114K increase in revenues for the most recent quarter, Engagement Labs has also announced that, in comparison to the previous quarter ended August 31, 2013, its cost of sales has decreased by 6% and operating expenses have decreased by 3%. "We have invested a significant amount of money into our technologies and are convinced that we have created a leading edge for ourselves and our customers. We have reduced our development costs and shifted our investment into sales and market development with a strategy to sell to leading digital agencies and to direct clients using a wholesale model. Our investment in product development costs over the last two years and the shift to sales and marketing is representative of our transition from a service company to a technology company supported by services" said Paul Allard - CEO. Cost of sales for the quarter includes a total of $159K in research and development expenses and $122K in amortization of intangible assets.

As previously announced, Engagement Labs resolved to change the Company's fiscal year end to December 31, 2013.

OVERALL PERFORMANCE

For the six month period ended November 30, 2013, the Company shows a net loss attributable to shareholders of $1,518,730 compared to a net loss of $1,136,008 for the six month period ended November 30, 2012 and a net loss of $141,537 for the six month period ended November 30, 2011. Revenues have decreased by 33% from $1,721,427 for the six month period ended November 30, 2012 to $1,158,506 for the six month period ended November 30, 2013. For the same comparative six month period, revenues decreased by 49% in the E-Learning segment and decreased by 23% in the Social Media segment.

The cost of sales increased by 2%, from $1,351,694 (79% of sales) for the six month period ended November 30, 2012 to $1,374,039 (119% of sales) for the six month period ended November 30, 2013. The operating expenses have decreased by 13%, from $1,505,955 (87% of sales) for the six month period ended November 30, 2012 to $1,303,197 (112% of sales) for the six month period ended November 30, 2013. Compared to the previous quarter, cost of sales decreased by 6% from $706,469 (135% of sales) for the quarter ended August 31, 2013 to $667,570 (105% of sales) for the quarter ended November 30, 2013. For the same comparative quarters, the Sales and Marketing expenses have decreased by 1% and the General and Administrative expenses have decreased by 4%. Adjusted EBITDA increased by $46,031 from -$491,536 (-45% of sales) for the quarter ended November 30, 2012 to -$445,505 (-70% of sales) for the quarter ended November 30, 2013. For the comparative quarters, loss per share remained the same at $0.01 per share. Engagement Labs' total assets as of November 30, 2013 amounted to $3,182,095, a decrease of $160,639 from May 31, 2013.

About Engagement Labs Inc.

Engagement Labs offers a cloud-based software-as-a-service ("SaaS") integrated suite of modules, branded #esuite™, supporting the entire social marketing cycle by providing a comprehensive solution for brands to coordinate and analyze social media activities across all online channels (social media sites, forums, news and blogs).

Engagement Labs Inc. is listed on the TSXV under the symbol EL.

www.engagementlabs.com

Other Information

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
In this demo at 15th Cloud Expo, John Meza, Product Engineer at Esri, showed how Esri products hook into Hadoop cluster to allow you to do spatial analysis on the spatial data within your cluster, and he demonstrated rendering from a data center with ArcGIS Pro, a new product that has a brand new rendering engine.
"Blue Box has been around for 10-11 years, and last year we launched Blue Box Cloud. We like the term 'Private Cloud as a Service' because we think that embodies what we are launching as a product - it's a managed hosted private cloud," explained Giles Frith, Vice President of Customer Operations at Blue Box, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
“We are strong believers in the DevOps movement and our staff has been doing DevOps for large enterprise environments for a number of years. The solution that we build is intended to allow DevOps teams to do security at the speed of DevOps," explained Justin Lundy, Founder & CTO of Evident.io, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Media announced that Splunk, a provider of the leading software platform for real-time Operational Intelligence, has launched an ad campaign on Big Data Journal. Splunk software and cloud services enable organizations to search, monitor, analyze and visualize machine-generated big data coming from websites, applications, servers, networks, sensors and mobile devices. The ads focus on delivering ROI - how improved uptime delivered $6M in annual ROI, improving customer operations by minin...
The move in recent years to cloud computing services and architectures has added significant pace to the application development and deployment environment. When enterprise IT can spin up large computing instances in just minutes, developers can also design and deploy in small time frames that were unimaginable a few years ago. The consequent move toward lean, agile, and fast development leads to the need for the development and operations sides to work very closely together. Thus, DevOps become...
Puppet Labs on Wednesday released the DevOps Salary Report, based on salary data gathered from Puppet Labs' industry-recognized State of DevOps Report. The data confirms that market demand for DevOps skills is growing, and that DevOps engineers are among the highest paid IT practitioners today. That's because IT organizations today are grappling with how to be more agile and responsive to the business, while maintaining the stability of their infrastructure. DevOps practices, such as continuous ...
AppDynamics, the application intelligence leader for software-defined businesses, announced the general availability of the AppDynamics Fall '14 Release. Serving the combined needs of IT and business teams across the enterprise, the latest release provides a comprehensive view across all aspects of digital performance in ultra large scale deployments. AppDynamics delivers Application Intelligence by building out advanced capabilities across the key areas of analytics, unified monitoring and D...
CloudBees, Inc., has announced a $23.5 million financing round, led by longtime CloudBees investor Lightspeed Venture Partners. Existing investors Matrix Partners, Verizon Ventures and Blue Cloud Ventures also participated in the round. The latest funding announcement follows earlier rounds of $4 million, $10.5 million and $10.8 million, bringing the total investment in CloudBees to just under $50 million since the company’s inception in 2010. Previous venture investment rounds were led by Ma...
Can the spatial component of your Big Data be harnessed and visualized, adding another dimension of power and analytics to your data? In his session at Big Data Expo®, John Meza, Product Engineer and Performance Engineering Team Lead at Esri, discussed the spatial queries that can be used within the Hadoop ecosystem and their integration with GeoSpatial applications. The GIS Tools for Hadoop project was also discussed and its implementation to discover location-based patterns and relationships...
The cloud is becoming the de-facto way for enterprises to leverage common infrastructure while innovating and one of the biggest obstacles facing public cloud computing is security. In his session at 15th Cloud Expo, Jeff Aliber, a global marketing executive at Verizon, discussed how the best place for web security is in the cloud. Benefits include: Functions as the first layer of defense Easy operation –CNAME change Implement an integrated solution Best architecture for addressing network-l...
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
Wearable devices have come of age. The primary applications of wearables so far have been "the Quantified Self" or the tracking of one's fitness and health status. We propose the evolution of wearables into social and emotional communication devices. Our BE(tm) sensor uses light to visualize the skin conductance response. Our sensors are very inexpensive and can be massively distributed to audiences or groups of any size, in order to gauge reactions to performances, video, or any kind of present...
In this scenarios approach Joe Thykattil, Technology Architect & Sales at TimeWarner / Navisite, presented examples that will allow business-savvy professionals to make informed decisions based on a sound business model. This model covered the technology options in detail as well as a financial analysis. The TCO (Total Cost of Ownership) and ROI (Return on Investment) demonstrated how to start, develop and formulate a business case that will allow both small and large scale projects to achieve...