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Waterloo, ON (May 3, 2010) Coreworx completes Decision Dynamics Technology Acquisition
Waterloo, ON - (May 3, 2010) - Coreworx Inc. ("Coreworx"), ... Read Story
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Calgary, AB March 2, 2010 Acquisition News
Calgary, AB - March 2, 2010 Decision Dynamics Technology Ltd. ... Read Story
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December 10, 2009 - Decision Dynamics Round Table Event
We had a great turn out yesterday for our round ... Read Story
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September, 11th 2009 - Decision Dynamics Launches new WEBSITE
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Decision Dynamics Announces Q3 2009 Results
Reported revenue exceeds 2008 results
2009-11-25
Calgary, AB - November 24, 2009 Decision Dynamics Technology Ltd. (the "Company") (Decision Dynamics; TSX-V: DDY), a leading provider of project cost control and productivity management software for the energy industry, today reported revenue of $0.5M and $2.7M for the quarter and nine months ending September 30, 2009 respectively. The financial highlights presented below are for the OncoreTM continuing operation only, pursuant to the disposition of the Wellcore product line during Q3 2008.
Third quarter and year-to-date 2009 revenues increased 5% and 64%, respectively, over the same periods in 2008, due to the signing of a number of new customer license contracts. A new contract signed in Q3 will provide the Company with approximately $326K in revenue over the contract term of twenty four months. Of the $326K in revenue, $41K has been recognized in the current quarter, with the remaining $285K to be recognized over the remaining contract term. Q3 and year-to-date 2009 expenses, including cost of sales, were 10% and 17% higher than in 2008. This increase for both periods reflects the higher costs related to the Company's strategic objectives - recruitment of experienced and talented personnel for the sales, marketing and development teams and initiatives to build the customer opportunity pipeline. Total expenses for 2009 also include costs associated with the relocation of the customer data centre facility completed in Q2 2009, and restructuring expenses.
For more information: DDY Q3 09 NR 24 Nov 09.pdf
Forward-Looking Statements
Certain statements contained in this release constitute forward-looking statements or information. These statements relate to future events or Decision Dynamics' future performance. The use of any of the words "“could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking statements or information and are based on Decision Dynamics' current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Decision Dynamics' annual report to shareholders and other documents filed with securities regulatory authorities (accessible through the SEDAR website www.sedar.com) describe the risks, uncertainties and other factors, such as changes in business plans and potential delays or changes in plans with respect to development projects or capital expenditures, that could influence actual results. Except as may be expressly required by applicable securities laws, Decision Dynamics disclaims any intention or obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.
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