MONTREAL, QUEBEC and TORONTO, ONTARIO and MEXICO CITY, MEXICO and PARIS, FRANCE--(Marketwired - April 30, 2013) - Parta Dialogue (TSX VENTURE:PAD) an up and coming leader in Social Media Optimization and Social Learning for organizations at the forefront of digital strategy, released results for its most recent nine-month period ended February 28, 2013. Revenues have increased by 31% compared to the nine-month period ended February 29, 2012 and by 105% compared to the nine-month period ended February 28, 2011. Condensed interim unaudited consolidated Financial Statements and Management Report are available on SEDAR's website at www.sedar.com.
In addition to the $598K increase in revenues for the nine-month period, Parta has also announced that, in comparison to the same nine-month period ended February 28, 2013, its cost of sales have increased by 85% and the cost of marketing and sales have increased by 113% to support the Company's growth plan and the rapid development of Version 2.0 of its eValue™ Social Media ROI Suite. Operating expenses also includes $188K expenses related to the acquisition of M Thirty Communications Inc. in September 2012.
CEO Paull Allard expanded on the results by saying: "We are at a critical inflection point in our business cycle. We have invested heavily in product development and sales and marketing and it's time for the business to deliver. We are satisfied with the year-over-year revenue growth but have even higher expectations of our business units for the coming quarters - as we move out of what is typically a budget and planning season. We are seeing great traction on the front lines: broadening of the business development pipeline, referrals, repeat clients, larger budgets and international sales. The challenge is to build revenues to the point where the business is self-sustainable. The slowdown in development costs will aid with that balance. Our people are up to the challenge, our clients have great things to say and we think our offering will bring us success in the market-place."
For the nine-month period ended February 28, 2013, the Company shows a net loss attributable to shareholders of $1,995,179 compared to a net loss of $332,972 for the nine month period ended February 29, 2012 and a net loss of $584,350 for the nine-month period ended February 28, 2011. Revenues have increased by 20%, from $670,944 for the quarter ended February 29, 2012 to $803,841 for the quarter ended February 28, 2013. For the comparative nine-month periods, revenues increased for 14% in E-Learning services and increased for 44% in Social Media services. Increases in the Cost of Sales and Sales and Marketing reflect the massive investment that the Company has made in the development and commercialization of its new product eValue™ Social Media ROI Suite.
The gross profit decreased by 63% from $706,458 (37% of sales) for the nine-month period ended February 29, 2012 to $264,336 (10% of sales) for the nine-month period ended February 28, 2013. The operating expenses have increased by 117%, from $1,039,318 (54% of sales) for the nine-month period ended February 29, 2012 to $2,259,729 (89% of sales) for the nine-month period ended February 28, 2013. For the comparative periods, the Sales and Marketing expenses have increased by 113% and the General and Administrative expenses have increased by 121%. Adjusted EBITDA decreased by $1,321,354 from $15,290 -or 1% of sales- for the nine-month period ended February 29, 2012 to ($1,306,064) - or (52%) of sales - for the nine-month period ended February 28, 2013. For the comparative periods, loss per share was ($0.03) for the nine-month period ended February 28, 2013, to be compared to ($0.01) for the nine-month period ended February 29, 2012 and ($0.03) for the nine-month period ended February 28, 2011. PARTA's total assets as at February 28, 2013 amounted to $3,961,513, an increase of $584,400 from May 31, 2012.
Parta Dialogue is an up and coming leader in Social Media Optimization and Social Learning for organizations at the forefront of digital strategy. Our clients include some of the largest and some of the smallest (but hippest) companies in the world, and the list is growing. Parta is aggressively investing in technology and acquisitions to build a robust offering as a full-service digital agency that utilizes technology and expertise to listen, strategize, publish (Sharecasting™), promote and measure (eValue™) your social marketing programs. Parta is the company behind Edu-Performance and #engagementlabs.
Many visionary businesses already employ Parta's solutions for internal and external online engagement. Among these are Proctor and Gamble, Nestlé, Durex, Budweiser, IBM, Mazda, Universal Pictures and Rock the Vote. www.partadialogue.com
PARTA is listed on the TSX Venture Exchange under the symbol PAD and operates through two subsidiaries:
#engagementlabs, an all-digital agency offering a targeted range of social strategies, customized engagement platforms and analytic tools to measure performance and ROI totally focused on social engagement & optimization: www.engagementlabs.com.
edu-performance, totally focused on internal engagement and productivity, Edu-Performance offers customized Social Learning and online training solutions: www.eduperformance.com.
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.