GuestLogix Announces Record Revenue for Second Quarter Fiscal 2010
TORONTO, ONTARIO–(Marketwire – July 15, 2010) – GuestLogix Inc. (TSX:GXI) (“GuestLogix” or the “Company”), the leading global provider of onboard store technology to the passenger travel industry, today announced its operational and financial results for the three- and six-month periods ended May 31, 2010. All amounts are reported in Canadian dollars unless otherwise stated. Q2 Fiscal 2010 Financial Highlights Revenue of $6.4 million, up 39% from $4.6 million in Q2 F2009 and 7% from $6.0 million in Q1 F2010 Revenue in constant currency was $6.8 million for Q2 F2010 (1) EBITDA (2) of $1.7 million, compared to $1.0 million in Q2 F2009 and $1.8 million in Q1 F2010 Net income of $0.05 million, compared to $0.03 million in Q2 F2009 and $0.3 million in Q1 F2010 Cash and cash equivalents including restricted cash of $12.7 million, compared to $12.1 million as at F2009 year end Q2 Fiscal 2010 Operational Highlights Won contracts with five airlines: three Asia-Pacific-based airlines (one subsequent to quarter end), Aer Lingus and another EMEA airline Extended agreement with existing EMEA-based airline customer and entered into a new five-year contract commencing in Q3 F2010 Completed deployment onboard three airlines: Continental Airline’s regional partner, ExpressJet Airlines, an Asia-Pacific-based air carrier and an EMEA airline Completed deployment onboard trains operated by London Midland and CrossCountry Entered channel partnership with Australia-based in-flight caterer, Alpha Flight Services Signed channel partnership agreement with Hong Kong-based airline retail concessionaire, Inflight Sales Group (ISG) Entered channel partnership with a EMEA-based airline retailer and logistics service provider Signed channel partnership with Asia-Pacific-based airport and airline duty free service provider Received PCI PED version 2.0 certification for Company’s third generation PowerSeller™ point-of-sale handheld Launched OnTouch™ Ads onboard Spirit Airlines and commenced pilot onboard a second U.S.
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