PDA

View Full Version : ARD.V - Armada Data Corporation



StockDude
11-06-2015, 05:28 PM
Armada Data Corporation

ARD.V is a profitable company, based in several different industries: Insurance Services, Retail Services, Dealer Services, Information Technology (IT) Services, and Advertising/Marketing Services.

Price: $0.04c
Common Shares: 17,670,265
Insider Holdings: 13,499,960(76.4% as per SEDI)
Website: http://www.armadadata.com

Most recent financial results and MD&A(Ending August 31, 2015)

ASSETS
Cash: $115,573
Receivables: $275,514
Party Receivable: $8,484
Prepaid Expenses: $36,359
Property & Equipment: $146,170
Goodwill: $180,000
Total Assets: $762,100

LIABILITIES
Payables: $225,605
Party Payable: $1,017
Related Party Note: $210,000
Long-Term Note Payable: $81,000
Corporate Income Tax: $103,592
Total Liabilities: $621,214

Q1 2016
Sales: $528,853
Expenses: $447,913
Amortization: $10,765
Income: $70,175 - $0.004c EPS for the quarter

MD&A Highlights

Company Overview
Armada Data Corporation (“Armada” or the “Company”) is an Information Services Company providing accurate and real‐time data, to institutional and retail customers, through developing, owning and operating automotive pricing related web sites and providing information technology and marketing services to its clients. The Company’s operations consist of five main segments: Insurance Services, Retail Services, Dealer Services, Information Technology (IT) Services, and Advertising/Marketing Services.

The Insurance Services division derives its revenue from the sale of total‐loss replacement vehicle reports to major Canadian insurance companies.

The Retail Services division derives its revenue from the sale of new car pricing data to consumers primarily through the Company’s flagship website www.CarCostCanada.com as well as the reselling of new car pricing data to qualified third party vendors, such as Consumers Union/Consumer Reports.

The Dealer Services division generates revenue through the sale of new vehicle customer leads derived from membership sales from Car Cost Canada.

The Information Technology division comprises web and email hosting, online marketing, search engine optimization, technical support and network support services (for both internal purposes resulting in saving the company from the costs associated with high price IT services and external sales/services purposes).

The Advertising/Marketing Services division is made up of the sale of online third party website advertising, consulting fees and other new car or car business related marketing activities.

Operations
The Company’s total sales decreased by 7% in the quarter ended August 31, 2015, from $570,012in 2014 to $528,853. Comprehensive income increased from a loss of $(11,563) in the period ended August 31, 2014 to $70,175 in the period ended August 31, 2015.

Liquidity
Based on a cash position of $115,573 and accounts receivable of $275,514, management feels that the Company is in a good position to meet all current and foreseeable financial obligations. With the closing of the Mister Beer production facility, expenses have been reduced. The other divisions of Armada are poised for revenue gains this fiscal year as a result of new project and feature launches as well as more than one significant partnership that the Insurance and Retail Service teams are working on. Management believes that the data divisions will not only remain very stable and profitable but begin to make significant inroads in new verticals that will result from our partnerships, project releases and new revenue streams.

Outlook
The Company’s outlook is to continue to increase sales, update and improve our data services products and services, and deliver significantly better results to our shareholders by way of the following:
1. Build on the historical success of the Company’s ongoing sales and marketing efforts focused on increasing sales at Retail Services, Dealer Services and Insurance Services.
2. Exploit market awareness and demand for new vehicle pricing information and dealer referrals that result from the additional competition within that market space; by putting more emphasis on outside partners, data outsourcing and our underutilized online magazine TheCarMagazine.com
3. Continue to improve our relationships with some of the largest insurance companies in Canada and partner with some of these organizations to produce new products and services for their vast client base.
4. Maintain operating expenses and achieve the economies of scales of an Internet based business.
5. Expand third‐party fee‐based online advertising, by developing improved and more secure advertising methods.
6. Sale of the Mister Beer business line, or other forms of disposition.

StockDude
02-01-2016, 02:32 PM
Armada Data Corporation Q2 Results (Ending November 30th 2015)
Price: $0.04c
Common Shares: 17,670,265
Insider Holdings: 13,499,960(76.4% as per SEDI)
Website: www.armadadata.com

ASSETS
Cash: $196,813 (Cash in Q1: $115,573)
Accounts Receivable: $299,594
Related Receivable: $4,037
Prepaid Expenses: $53,955
Property & Equipment: $93,992
Goodwill: $180,000
Total Assets: $828,391 (Total Assets in Q1: $762,100)

LIABILITIES
Accounts Payable: $293,011
Related Payable: $4,538
Related Note Payable: $206,000
Corporate Income Tax: $68,592
Long Term Note: $81,000
Total Liabilities: $653,141 (Total Liabilities in Q1: $621,214)

Q2 Sales
Revenue: $545,409
Expenses: $500,984
Amortization: 10,061
Net Income: $34,364

Q1 & Q2 Combined Sales
Revenue: $1,074,262
Expenses: $948,897
Amortization: $20,826
Net Income: $104,539 or $0.006c EPS
MD&A Highlights

The Company’s operations consist of five main segments: Insurance Services, Retail Services, Dealer Services, Information Technology (IT) Services, and Advertising/Marketing Services.

Liquidity
Based on a cash position of $196,813 and accounts receivable of $299,594, management feels that the Company is in a good position to meet all current and foreseeable financial obligations. With the closing of the Mister Beer production facility, expenses have been reduced. The other divisions of Armada are poised for revenue gains this fiscal year as a result of new project and feature launches as well as more than one significant partnership that the Insurance and Retail Service teams are working on. Management believes that the data divisions will not only remain very stable and profitable but begin to make significant inroads in new verticals that will result from our partnerships, project releases and new revenue streams.

The CarCostCanada.com divisions (Retail and Dealer services) are not be void of the competition that has made significant advancements over the past three years; however, the divisions have now learned how to deal with our competition and overcome many of their tactics. The Retail and Dealer services division were competition-free for many years and had to re-group and re-strategize in order to prevent further erosion caused by an overly aggressive new competitor. Management expects CarCostCanada.com to start realizing market gains this fiscal year and with the overall new car market remaining poised for more growth nationally (and more specifically in the web-rich Canadian urban centres), the division plans to earn more members to enhance the new car buying process for the Canadian new car buying marketplace.

Outlook
The Company’s outlook is to continue to increase sales, update and improve our data services products and services, and deliver significantly better results to our shareholders by way of the following:
1. Build on the historical success of the Company’s ongoing sales and marketing efforts focused on increasing sales at Retail Services, Dealer Services and Insurance Services.
2. Exploit market awareness and demand for new vehicle pricing information and dealer referrals that result from the additional competition within that market space; by putting more emphasis on outside partners, data outsourcing and our underutilized online magazine TheCarMagazine.com
3. Continue to improve our relationships with some of the largest insurance companies in Canada and partner with some of these organizations to produce new products and services for their vast client base.
4. Maintain operating expenses and achieve the economies of scales of an Internet based business.
5. Expand third-party fee-based online advertising, by developing improved and more secure advertising methods.
Operations
The Company’s total sales decreased by 6% in the quarter ended November 30, 2015, from $580,517 in 2014, to $545,409. Comprehensive income increased from a loss of $(71,214) in the period ended November 30, 2014 to $34,364 in the period ended November 30, 2015.

The Insurance Services division experienced an 11% increase in revenue, from $252,525 in 2014 to $280,719 in 2015.

The Retail Services division revenue was down 22% to $64,727 in 2015 from $82,826 in 2014. The updated CarCostCanada.com website, as well as the new Partners and Discounts program clearly helped the CarCostCanada.com membership program maintain a strong presence in the marketplace, despite increasing competition.

The Dealer Services division revenue remained much the same, at $161,981 in 2014, and $162,013 in 2015. This division’s dealer development team has a plan to service the customers who find themselves without a dealer referral, although full implementation of this program has not been completed at the end of this period.

The Advertising/Marketing Services division, which derives its revenue from the sale of online third party advertising on CarCostCanada.com and TheCarMagazine.com increased from $100 to $7,298.

The Information Technology division revenue increased 11% to $30,652 in 2015, up from $27,550 in 2014. IT continues to offer technical support and web site hosting to hundreds of customers, and to develop new customer relationships on a regular basis.

The Mister Beer division’s revenues are down from $55,535 to nil. Direct product costs and labour decreased from $53,633 to nil. The net income for Mister Beer Inc. went from $1,902 in 2014 to nil in 2015. Management made the decision to close the production facility on December 31, 2014, in order to explore options with respect to a sale or other disposition of the Bottle Brew business line. This division’s assets were disposed of during the period ended November 30, 2015.

Total expenses before amortization decreased to $500,984 compared to $561,314, a 11% decrease over last year. This is attributed to ceasing production at Mister Beer Inc. and continued cost-cutting measures implemented by management during the previous quarter.

StockDude
04-28-2016, 02:43 PM
Armada Data Corporation Q3 Results (Ending February 29th 2016)

My note: ARD.V has turned around it’s performance significantly by showing three profitable quarters back to back and earning over $0.01c per share after 9 months. Below are the financial results and MD&A highlights.

Stock Price: $0.04
Common Shares: 17,670,265
Insider/Institutional Holdings: 13,499,960(76.4% as per SEDI)

Assets
Cash: $209,181
Receivables: $324,529
Party Receivable: $8,763
Prepaid Expenses: $47,156
Property & Equipment: $84,041
Goodwill: $180,000
Total Assets: $853,670

Liabilities
Accounts Payable: $305,619
Party Payable: $1,537
Income Tax: $8,845
Long Term Loan: $281,000 (recently extended to end of 2016)

Sales Breakdown. First 9 months, then Q1,Q2,Q3
9 Month Sales
Revenue: $1,596,926
Expenses: $1,380,081
Net Income: $185,958 - $0.0105c earnings per share

Q1 Results
Revenue: $528,853
Net Income: $70,175

Q2 Results
Revenue: $545,409
Net Income: $34,364

Q3 Results
Revenue: $522,663
Net Income: $81,419

MD&A Highlights

The Company’s operations consist of five main segments: Insurance Services, Retail Services, Dealer Services, Information Technology (IT) Services, and Advertising/Marketing Services.
Operations

The Company’s total sales increased by 10% in the quarter ended February 29, 2016, from $474,293 in 2015, to $522,663. Comprehensive income increased from a loss of $(52,028) in the period ended February 28, 2015 to $81,419 in the period ended February 29, 2016.
The Insurance Services division experienced a 14% increase in revenue, from $241,433 in 2015 to $276,217 in 2016.

The Retail Services division revenue was down 29% to $44,060 in 2016 from $56,798 in 2015.

The Dealer Services division revenue increased 9%, from $142,129 in 2015, to $155,525 in 2016.

The Advertising/Marketing Services division, which derives its revenue from the sale of online third party advertising on CarCostCanada.com and TheCarMagazine.com, increased from $200 to $18,425.

The Information Technology division revenue increased 5% to $28,436 in 2016, up from $27,129 in 2015. IT continues to offer technical support and web site hosting to hundreds of customers, and to develop new customer relationships on a regular basis.
Total expenses before amortization decreased to $431,183 compared to $482,042, a 10.5% decrease over last year. This is attributed to ceasing production at Mister Beer Inc. and continued cost-cutting measures implemented by management.

Liquidity

Based on a cash position of $209,181 and accounts receivable of $324,529, management feels that the Company is in a good position to meet all current and foreseeable financial obligations. With the closing of the Mister Beer production facility, expenses have been reduced. The other divisions of Armada are poised for revenue gains this fiscal year as a result of new project and feature launches as well as more than one significant partnership that the Insurance and Retail Service teams are working on. Management believes that the data divisions will not only remain very stable and profitable but begin to make significant inroads in new verticals that will result from our partnerships, project releases and new revenue streams.
The CarCostCanada.com divisions (Retail and Dealer services) are not void of the competition that has made significant advancements over the past three years; however, the divisions have now learned how to deal with our competition and overcome many of their tactics. The Retail and Dealer services division were competition-free for many years and had to re-group and re-strategize in order to prevent further erosion caused by an overly aggressive new competitor. Management expects CarCostCanada.com to start realizing market gains this fiscal year and with the overall new car market remaining poised for more growth nationally (and more specifically in the web-rich Canadian urban centres), the division plans to earn more members to enhance the new car buying process for the Canadian new car buying marketplace.
Outlook

The Company’s outlook is to continue to increase sales, update and improve our data services products and services, and deliver significantly better results to our shareholders by way of the following:
1. Build on the historical success of the Company’s ongoing sales and marketing efforts focused on increasing sales at Retail Services, Dealer Services and Insurance Services.
2. Exploit market awareness and demand for new vehicle pricing information and dealer referrals that result from the additional competition within that market space; by putting more emphasis on outside partners, data outsourcing and our underutilized online magazine TheCarMagazine.com
3. Continue to improve our relationships with some of the largest insurance companies in Canada and partner with some of these organizations to produce new products and services for their vast client base.
4. Maintain operating expenses and achieve the economies of scales of an Internet based business.
5. Expand third-party fee-based online advertising, by developing improved and more secure advertising methods.

StockDude
04-28-2016, 09:25 PM
Armada Data earns $81,419 in fiscal Q3 2016



2016-04-28 12:47 MT - News Release


Mr. James Matthews reports

ARMADA ANNOUNCES Q3 2016 RESULTS

Armada Data Corp. has filed its interim financial results for the quarter ended Feb. 29, 2016, on SEDAR. The financial results are available to view on the company's website, as well as on SEDAR.

SELECTED QUARTERLY INFORMATION

Fiscal year 2016 2016 2016 2015 2015 2015 2015 2014

Quarter ended Feb. 29, Nov. 30, Aug. 31, May 31, Feb. 28, Nov. 30, Aug. 31, May 31,
2016 2015 2015 2015 2015 2014 2014 2014

Total revenue $522,663 545,409 528,853 463,056 466,797 526,884 552,035 437,930
Comprehensive
income (loss) 81,419 34,364 70,175 (505,629) (52,028) (71,214) (11,563) (289,672)
Comprehensive
income (loss)
per share $0.00 $0.00 $0.00 $(0.03) $0.00 $0.00 $0.00 $(0.02)
The prior periods' comparative figures have been reclassified where necessary, to conform to the current period's presentation.

Operations

The company's total sales increased by 10 per cent in the quarter ended Feb. 29, 2016, from $474,293 in 2015, to $522,663. Comprehensive income increased from a loss of $52,028 in the period ended Feb. 28, 2015, to $81,419 in the period ended Feb. 29, 2016.

The insurance services division experienced a 14-per-cent increase in revenue, from $241,433 in 2015 to $276,217 in 2016.

The retail services division's revenue was down 29 per cent to $44,060 in 2016 from $56,798 in 2015.

The dealer services division's revenue increased 9 per cent from $142,129 in 2015 to $155,525 in 2016.

The revenue of the advertising/marketing services division, which derives its revenue from the sale of on-line third party advertising on the Car Cost Canada and The Car Magazine websites, increased from $200 to $18,425.

The information technology division's revenue increased 5 per cent to $28,436 in 2016, up from $27,129 in 2015. The IT division continues to offer technical support and website hosting to hundreds of customers and to develop new customer relationships on a regular basis.

The Mister Beer division's revenues are down from $6,604 to nil. Direct product costs and labour decreased from $7,496 to nil. The net revenue for Mister Beer Inc. went from negative $892 in 2015 to nil in 2016. Management made the decision to close the production facility on Dec. 31, 2014, in order to explore options with respect to a sale or other disposition of the bottle brew business line. This division's assets have been disposed of and the division is permanently closed.

Total expenses before amortization decreased to $431,183 compared with $482,042, a 10.5-per-cent decrease over last year. This is attributed to ceasing production at Mister Beer and continued cost-cutting measures implemented by management.

Cash on hand increased from $39,649 as at Feb. 28, 2015, to $209,181 as at Feb. 29, 2016.

Accounts receivable increased by 23 per cent to $324,529 as at Feb. 29, 2016, compared with $264,728 last year. Related party accounts receivable decreased from $10,933 to $8,763.

Accounts payable increased to $305,619 as at Feb. 29, 2016, from $195,358 a year earlier. Related party accounts payable decreased to $537 as at Feb. 29, 2016, from $3,313 last year.

Despite the comprehensive income reported by the company for this period, the company's deficit increased to $1,648,858 as at Feb. 29, 2016, compared with a deficit of $1,329,187 last year, attributable to the writedown of Mister Beer assets at May 31, 2015.

Management does not plan on issuing any dividends until further notice.

Revenues earned by the divisions are as shown in the attached table.

Three months ended Three months ended Year ended
Feb. 29, 2016 Feb. 28, 2015 May 31, 2015

Insurance services $ 276,217 $ 241,433 $ 909,656
Retail services 44,060 56,798 323,012
Dealer services 155,525 142,129 695,017
Internet technology 28,436 27,129 127,649
Advertising/marketing services 18,425 200 12,251
--------- --------- ----------
Total revenue -- Armada Data Corp. $ 522,663 $ 467,689 $2,067,585
--------- --------- ----------
Revenue -- Mister Beer Inc. - 6,604 107,790
--------- --------- ----------
Less direct product costs/wages
-- Mister Beer Inc. - (7,496) (166,603)
--------- --------- ----------
Total revenue -- Mister Beer Inc. - (892) (58,813)
--------- --------- ----------
Total consolidated revenue $ 522,663 $ 466,797 $2,008,772
========= ========= ==========
Related party transactions

Salaries and expenses are paid to an officer of the company, who is also a 50-per-cent shareholder of Lease Busters Inc. Legal fees are paid to a law firm, of which a partner is a (non-remunerated) director of the company. Financing was acquired from a company owned by a director of Armada Data, and interest is paid monthly to this related party. All of the actual costs noted in this section are paid at fair market value in the normal course of business.

© 2016 Canjex Publishing Ltd. All rights reserved.

StockDude
06-24-2016, 11:44 PM
Looks like Armada Data might have a new partnership going on with another insurance company. This website was last updated June 15th and I do weekly Google checks of "armada data corporation" and have never come across it until now.

http://insurancehound.ca/about-us/

Who we are:

Insurancehound.ca is a full service insurance brokerage owned & staffed by licensed insurance professionals in Ontario. We combine the simplicity of Point of Sale technology with the support of experienced insurance brokers. To enhance your online experience InsuranceHound has partnered with online marketing & sales pioneers Armada Data Corp with their high profile online brands Leasebusters and Car Cost Canadalevering the expertise of these 2 industry leaders we are certain you will have a powerful cost savings experience.

StockDude
07-07-2016, 03:15 PM
Armada Data 10 Year Revenue /Profit (loss) / Dividend Chart

Legend: M = Millions, K = Thousands,
Common Shares: 17.7 million, 50% held by directors
Note: In 2011, ARD purchased Mister Beer and wrote it off in 2015
Note: In 2012, a director and one of the largest shareholders passed away
Note: CEO and 20% shareholder Jim Matthews loans company $200,000 Feb.2015
Note: 2016 Sales only based on first three quarters. Year end will be out end of September
2006 – Sales: $1.56M – Net Loss: $48K – Assets:663K – Liabilities - $151K – Dividend - 0
2007 – Sales: $1.67M – Net Income: $100K – Assets: $792K – Liabilities - $107K – Dividend - 0
2008 – Sales: $1.73M – Net Income: $166K – Assets: 964K – Liabilities – $104K – Dividend – 0
2009 – Sales: $2.15M – Net Income: $141K – Assets: $1.18M – Liabilities - $180K – Dividend - 0
2010 – Sales: $2.94M – Net Income: $289K – Assets: $1.56M – Liabilities - $222K – Dividend - $67K
2011 – Sales: $3.06M – Net Income: $270K – Assets: $1.96M – Liabilities - $280K – Dividend - $71K
2012 – Sales: $3.1M – Net Loss: $637K – Assets: $1.7M – Liabilities - $305K – Dividends - $82K
2013 – Sales: $2.59M – Net Loss: $496K – Assets: $1.58M – Liabilities - $628K – Dividends – 0
2014 – Sales: $2.23M – Net Loss: $240K – Assets: $1.25M – Liabilities - $546K – Dividends – 0
2015 – Sales: $2M – Net Loss: $640K – Assets: $730K – Liabilities - $660K – Dividends – 0
2016 – Sales: $1.6M – Net Income: $186K – Assets: $854K – Liabilities - $597K – Dividends paid yearly

After 10 years of sales, it’s clear to see how ARD.V had grown as a company from 2006 to 2011, even through the financial crisis of 2008. However, after the asset purchase of Mister Beer in 2011 and passing of director Paul Timoteo, the combination hurt the company from 2012 to 2015 and almost made it go bankrupt. With the directors now focused on the original five revenue producing assets, along with some cost reductions, ARD will be able to recover back to a profitable position and possibly pay dividends once again. So far after 9 months without Mister Beer, ARD has earned over 1 cent in net income and this should continue to carry forward.
Additional articles:
Mister Beer Purchase: http://www.armadadata.com/index.php/2011/armada-to-acquire-mister-beer/
Director Passing: http://www.armadadata.com/index.php/2012/paul-timoteo/
ARD Q3 2016 Results: http://www.armadadata.com/wp-content/uploads/2016/04/PressReleaseQuarterEnding_FEB292016.pdf

StockDude
10-02-2016, 02:17 PM
ARD Year End Results. Financial + MD&A Highlights (Ending May 31, 2016)

Notes: Q1 results will be released end of October 2016

ASSETS
Cash: $231,242
Receivables: $417,171
Related Party Receivables: $3,780
Prepaid Expenses: $48,001
Property & Equipment: $73,557
Goodwill: $180,000
Total Assets: $953, 751 (Last year $730, 565)

LIABILITIES
Payables: $250,001
Party Payables: $537
Income Tax: $42, 955
Deferred Revenue: $25,000
Note Payable: $281,000 ( Loan from CEO to Armada Data)
Total Liabilities: $599, 493 (Last year $659,854)

Quarterly Breakdown for sales

Q1 – Sales - $528,853 – Net Income - $70,175
Q2 – Sales - $545,409 – Net Income - $34,364
Q3 – Sales - $522,663 – Net Income - $81,419
Q4 – Sales - $661,263 – Net Income - $97,589

2016 Sales

Revenue: $2,258,188 (Last year $2,008,772)
Expenses: $1,857,802 (Last year $2,137,421)
Net Income: $283,547 or $0.016 earnings per share ( Last year was a loss of $640,434)

Symbol: ARD
Price: $0.12
Insider/Institutional Holdings: 13,499,960(76.4% as per SEDI).

2006 – Sales: $1.56M – Net Loss: $48K – Assets:663K – Liabilities - $151K – Dividend - 0
2007 – Sales: $1.67M – Net Income: $100K – Assets: $792K – Liabilities - $107K – Dividend - 0
2008 – Sales: $1.73M – Net Income: $166K – Assets: 964K – Liabilities – $104K – Dividend – 0
2009 – Sales: $2.15M – Net Income: $141K – Assets: $1.18M – Liabilities - $180K – Dividend - 0
2010 – Sales: $2.94M – Net Income: $289K – Assets: $1.56M – Liabilities - $222K – Dividend - $67K
2011 – Sales: $3.06M – Net Income: $270K – Assets: $1.96M – Liabilities - $280K – Dividend - $71K
2012 – Sales: $3.1M – Net Loss: $637K – Assets: $1.7M – Liabilities - $305K – Dividends - $82K
2013 – Sales: $2.59M – Net Loss: $496K – Assets: $1.58M – Liabilities - $628K – Dividends – 0
2014 – Sales: $2.23M – Net Loss: $240K – Assets: $1.25M – Liabilities - $546K – Dividends – 0
2015 – Sales: $2M – Net Loss: $640K – Assets: $730K – Liabilities - $660K – Dividends – 0
2016 – Sales: $2.2M – Net Income: $283K – Assets: $954K – Liabilities - $600K – Dividends - 0

MD&A Highlights

The Company’s total revenue increased by 12% in 2016 from $2,008,772 to $2,258,188. The Company reported comprehensive income of $283,547, due to the following factors: Management’s decision to close the brewing facility of Mister Beer on January 1, 2015 – the combination of no expenses for this division and disposal of its remaining assets meant that Mister Beer no longer had a negative financial impact on the Company. A sub-tenant was found for the brewing facility on November 1, 2015, to offset the rent expense of the lease obligation for these premises, and the Company is no longer responsible for utility, insurance and maintenance expenses for the same premises. Insurance claims increased drastically in May 2016 due to the Fort McMurray fires, and as a result, the insurance division revenue increased, which has carried over into June 2016 for fiscal 2017.

The quarter ending May 31, 2016 finished with the Company recording revenue of $661,263 versus $463,056 last year, an increase of 43%. Income before taxes for the 4th quarter of 2016 is $97,589, compared to $(505,629) in 2015.

Based on a year-end cash position of $231,242, accounts receivable of $417,171, accounts payable of $250,001, and current notes payable of $281,000, management believes that the company will remain in a debt position utilizing private financing to assist in ongoing operations of the Company. By closing the Mister Beer division, management has reduced overall expenses and commitments. The other divisions of Armada are poised for revenue gains this fiscal year as a result of new project and feature launches as well as more than one significant partnership that the Insurance and Retail Service teams are working on. Management believes that the data divisions will not only remain very stable and profitable but begin to make significant inroads in new verticals that will result from our partnerships, project releases and new revenue streams.

The Retail and Dealer services division were competition-free for many years and had to re-group and restrategize in order to prevent further erosion caused by an aggressive competitor. Management expects CarCostCanada.com to start realizing market gains this fiscal year and with the overall new car market remaining poised for more growth nationally (and more specifically in the web-rich Canadian urban centres), the division plans to earn more members to enhance the new car buying process for the Canadian new car buying marketplace.

The Company’s outlook is to continue to increase sales, update and improve our data services products and services, and deliver significantly better results to our shareholders by way of the following:
Build on the historical success of the Company’s ongoing sales and marketing efforts focused on increasing sales at Retail Services, Dealer Services and Insurance Services.
Exploit market awareness and demand for new vehicle pricing information and dealer referrals that result from the additional competition within that market space; by putting more emphasis on outside partners, data outsourcing and our underutilized online magazine TheCarMagazine.com
Continue to improve our relationships with some of the largest insurance companies in Canada and partner with some of these organizations to produce new products and services for their vast client base.
Maintain operating expenses and achieve the economies of scales of an Internet based business.
Expand third-party fee-based online advertising, by developing improved and more secure advertising methods.

StockDude
10-02-2016, 02:21 PM
Armada Data earns $283,547 in fiscal 2016



2016-09-28 13:40 MT - News Release


Mr. James Matthews reports

ARMADA RELEASES ANNUAL RESULTS

Armada Data Corp. has released its annual financial results for the year ended May 31, 2016, and the results have been filed on SEDAR and are available to view on SEDAR and the company's website.


SELECTED ANNUAL INFORMATION

Fiscal year ended
May 31, 2016 May 31, 2015 May 31, 2014 May 31, 2013

Total revenue $ 2,258,188 $ 2,008,772 $ 2,260,200 $ 2,587,922
Income (loss) before taxes 359,015 (640,434) (137,853) (424,721)
Income taxes 75,468 Nil (102,289) (122,504)
Comprehensive income (loss) after taxes 283,547 (640,434) (240,142) (547,225)
Comprehensive income (loss) per share 0.02 (0.04) (0.01) (0.03)

The company's total revenue increased by 12 per cent in 2016 from $2,008,772 to $2,258,188.

The company reported comprehensive income of $283,547, due to the following factors:

Management's decision to close the brewing facility of Mister Beer on Jan. 1, 2015 -- the combination of no expenses for this division and disposal of its remaining assets meant that Mister Beer no longer had a negative financial impact on the company;
A subtenant was found for the brewing facility on Nov. 1, 2015, to offset the rent expense of the lease obligation for these premises, and the company is no longer responsible for utility, insurance and maintenance expenses for the same premises;
Insurance claims increased drastically in May, 2016, due to the Fort McMurray fires, and as a result, the insurance division revenue increased, which has carried over into June, 2016, for fiscal 2017.

SELECTED QUARTERLY INFORMATION

Quarter ended
May 31, Feb. 29, Nov. 30, Aug. 31, May 31, Feb. 28, Nov. 30, Aug. 31,
2016 2016 2015 2015 2015 2015 2014 2014

Total revenue $ 661,263 $ 522,663 $ 545,409 $ 528,853 $ 463,056 $ 466,797 $ 526,884 $ 552,035
Comprehensive income (loss) 97,589 81,419 34,364 70,175 (505,629) (52,028) (71,214) (11,563)
Comprehensive income (loss)
per share 0.02 0.00 0.00 0.00 (0.03) 0.00 0.00 0.00

The prior periods' comparative figures have been reclassified, where necessary, to conform to the current year's presentation.

Operations

The insurance services division experienced an increase in revenue, from $909,656 in 2015 to $1,108,745 in 2016, or by 22 per cent. The increase in revenue was the result of fires in Fort McMurray in May, 2016, which resulted in an unusually high number of claims processed.

The retail services division revenue was down 30 per cent to $227,038 from $323,012. The new CarCostCanada website and a new French language site devoted to the Quebec market were not effective enough to stop the steady decline of membership revenues due to a competitor providing a similar service. Membership over all remained steady as a result of regular promotions, and management decided to uphold a discounted membership fee to not lose further market share.

The dealer services division revenue decreased from $695,017 in 2015 to $660,540 in 2016. Despite the larger decrease in membership sales, which drive the dealer lead-generation program, and some manufacturer intervention on the part of an automaker that discourages its dealer body from participating in any type of third party lead-generation program, this division managed to keep the reduction in revenue to 5 per cent.

The advertising/marketing services division, which derives its revenue from the sale of on-line third party advertising on CarCostCanada and TheCarMagazine, increased from $12,251 to $74,624. Management was successful in its efforts to search out additional sources of revenue in this division.

The information technology division revenue decreased by 5 per cent to $121,289 in 2016 from $127,649 in 2015. IT continues to offer technical support and website hosting to hundreds of customers, and is developing new customer relationships on a regular basis, as well as offering new services for sale.

The Mister Beer division's revenues were down from $107,790 to $17,578, or 84 per cent. Direct product costs and labour decreased by 129 per cent, from $166,603 to $(48,374). The net revenue for Mister Beer Inc. went from $(58,813) in 2015 to $65,952 in 2016. Management made the decision to close this division and production facility, effective Jan. 1, 2015. On Aug. 31, 2015, the plant equipment was sold for $45,000, and on Nov. 1, 2015, a new subtenant took over the premises originally leased for the brewery.

Armada's consolidated statement reflects income this year, before corporation income taxes of $359,015, compared with a loss before corporation income taxes of $(640,434) in 2015. Corporation income tax expense is $75,468 in 2016, compared with zero in 2015.

Total expenses before amortization decreased to $1,857,802 compared with $2,137,421, a 13-per-cent decrease over last year. Management engaged in many cost-cutting measures to reduce expenses in 2016, including reductions in advertising, management salaries, computer consulting and rent.

Accounts receivable increased to $417,171 as at May 31, 2016, from $267,182 last year, a result of the increase in insurance services revenue. Related-party accounts receivable increased from $3,493 to $3,780.

Accounts payable decreased 2 per cent to $250,001 as at May 31, 2016, from $254,762 a year earlier. Related-party accounts payable decreased to $537 as at May 31, 2016, from $1,469 last year. Corporation income taxes payables are $42,955 as at May 31, 2016, compared with $110,623 as at May 31, 2015. For related-party notes payable, the current portion increased from $212,000 at May 31, 2015, to $281,000 at May 31, 2016, and the long-term portion went from $81,000 at May 31, 2015, to zero at May 31, 2016.

As a result of the income reported by the company in 2016, the company's deficit decreased to $(1,551,269) as at May 31, 2016, compared with $(1,834,816) the prior year. Earnings per share at May 31, 2016, are two cents, versus (four cents) per share at May 31, 2015.

No dividends were paid out to shareholders in fiscal 2016 or fiscal 2015. Management does not plan on issuing any dividends until further notice.

Segmented annual information


REVENUES EARNED BY DIVISIONS

2016 (%) 2015 (%)

Insurance services $ 1,108,745 49 $ 909,656 46
Retail services 227,038 10 323,012 16
Dealer services 660,540 29 695,017 35
IT services 121,289 6 127,649 6
Advertising/marketing services 74,624 3 12,251 -
Total revenue -- Armada Data Corp. 2,192,236 97 2,067,585 103
Revenue -- Mister Beer Inc. 17,578 - 107,790 -
Less direct product cost and wages 48,374 - (166,603) -
Total revenue -- Mister Beer Inc. 65,952 3 (58,813) (3)
Total consolidated revenue 2,258,188 100 2,008,772 100

Liquidity

Based on a year-end cash position of $231,242, accounts receivable of $417,171, accounts payable of $250,001 and current notes payable of $281,000, management believes that the company will remain in a debt position using private financing to assist in continuing operations of the company. By closing the Mister Beer division, management has reduced overall expenses and commitments. The other divisions of Armada are poised for revenue gains this fiscal year as a result of new project and feature launches, as well as more than one significant partnership that the insurance and retail service teams are working on. Management believes that the data divisions will not only remain very stable and profitable, but begin to make significant inroads in new verticals that will result from the company's partnerships, project releases and new revenue streams.

Outlook

The company's outlook is to continue to increase sales, update and improve its data services products and services, and deliver significantly better results to its shareholders by way of the following:

Build on the historical success of the company's continuing sales and marketing efforts focused on increasing sales at retail services, dealer services and insurance services;
Exploit market awareness and demand for new vehicle pricing information and dealer referrals that result from the additional competition within that market space by putting more emphasis on outside partners, data outsourcing and the company's underused on-line magazine TheCarMagazine;
Continue to improve its relationships with some of the largest insurance companies in Canada, and partner with some of these organizations to produce new products and services for their vast client base;
Maintain operating expenses and achieve the economies of scales of an Internet-based business;
Expand third party fee-based on-line advertising by developing improved and more secure advertising.
© 2016 Canjex Publishing Ltd. All rights reserved.

StockDude
10-05-2016, 05:31 PM
Brief write up on Financial press about the technical charts and background of ARD. Also, I checked Google and they updated another page on their main website. Q1 2016 results will be out in a few weeks, so keep a close eye. Links below:

http://www.financialpress.com/2016/10/04/armada-data-corporation-cdxardca-starts-day-with-22-73-gain-on-october-4-to-pace-tsx-venture-technology-sector/

http://www.armadadata.com/index.php/businesses/

StockDude
10-27-2016, 02:40 PM
Some new CarCostCanada promo videos were released over the summer. This is a good sign since the last batch was made over 4 years ago when the old CEO was still running the company and ARD was trading around the $0.20 mark. Q1 results will be out either this Friday or next Monday.

https://vimeo.com/user14415689/videos

StockDude
10-27-2016, 05:03 PM
The videos were taken down at that link. However, they exist on another Vimeo channel and the marketing company's website.

https://vimeo.com/user5086567/videos

http://www.sweetlemonproductions.com/tv-ready

CarCostCanada.com

The company helps its customers buy a brand new vehicle for a lower price, but the struggle they faced was that many did not undersand their services. We were appraoched by CarCostCanada to come up with an idea to illustrate their product in a coherent and creative fashion, so we did it through humour. We produced a 5-part series that explains their list of services in a light-hearted and quirky approach; join Max and Bob to tell you all about it!

StockDude
10-27-2016, 06:31 PM
Armada Data Corporation Q1 Results (Ending August 31, 2016) Financial + MD&A Highlights

Price: $0.13
Common Shares: 17,670,265
Options/Warrants: 0
Insider Holdings: 50% (As per information circular)

Balance Sheet & Income

ASSETS
Cash: $256,580
Accounts Receivable: $498,019
Party Receivable: $6,340
Prepaid Expenses: $39,476
Property & Equipment: $64,776
Goodwill: $180,000
Total Assets: $1,045,191 ($762,100 – 2015)

LIABILITIES
Accounts Payable: $205,680
Corporate Income Tax: ($7,600)
Deferred Revenue: $70,000
Notes Payable: $278,000
Total Liabilities: $546,080 ($621,214 – 2015)

Q1 Results(3 Months)
Total Revenue: $587,134
Net Income: $144,583

2015 Year End Results
Total Revenue: $2,258,188
Net Income: $283,547

MD&A Highlights

The Company’s total sales increased by 11% in the quarter ended August 31, 2016, from $528,853 in 2015, to $587,134. Comprehensive income increased from $70,175 in the period ended August 31, 2015 to $144,853 in the period ended August 31, 2016.
The Insurance Services division experienced a 32% increase in revenue, from $239,927 in 2015 to $316,500 in 2016. This is a continuing result of the fires in Fort McMurray and expanding upon existing customer relationships, mergers and acquisitions within the Canadian insurance company landscape and policy driven mandates within insurance companies to use the Armada Insurance Services replacement value settlement protocol.
The Retail Services division revenue was down 17% to $52,275 in 2016 from $62,875 in 2015.
The Dealer Services division revenue decreased 12%, from $179,571 in 2015, to $157,770 in 2016.
The Advertising/Marketing Services division, which derives its revenue from the sale of online third party advertising on CarCostCanada.com and TheCarMagazine.com, increased from $27,088 to $28,580, or 6%.

The Information Technology division revenue increased 65% to $32,009 in 2016, up from $19,392 in 2015. IT continues to offer technical support and web site hosting to hundreds of customers, and to develop new customer relationships on a regular basis.
Total expenses before amortization decreased to $432,503, compared to $447,913, a 3% decrease over last year. This is attributed to ceasing production at Mister Beer Inc. and continued cost-cutting measures implemented by management.
Cash on hand increased from $115,573 as at August 31, 2015 to $256,580 as at August 31, 2016. Accounts receivable increased by 81%, $498,019 as at August 31, 2016, compared to $275,514 last year. Related party accounts receivable decreased from $8,484 to $6,340. Accounts payable decreased to $205,680 as at August 31, 2016 from $225,605 a year earlier. Related party accounts payable decreased to $nil as at August 31, 2016, from $1,017 last year.
Based on a cash position of $256,580, accounts receivable of $498,019, accounts payable of $205,680, and current notes payable of $278,000, management feels that the Company is in a good position to meet all current and foreseeable financial obligations. With the closing of the Mister Beer production facility, expenses have been reduced. The other divisions of Armada are poised for revenue gains this fiscal year as a result of new project and feature launches as well as more than one significant partnership that the Insurance and Retail Service teams are working on. Management believes that the data divisions will not only remain very stable and profitable but begin to make significant inroads in new verticals that will result from our partnerships, project releases and new revenue streams.
The Company’s outlook is to continue to increase sales, update and improve our data services products and services, and deliver significantly better results to our shareholders by way of the following:
1. Build on the historical success of the Company’s ongoing sales and marketing efforts focused on increasing sales at Retail Services, Dealer Services and Insurance Services.
2. Exploit market awareness and demand for new vehicle pricing information and dealer referrals that result from the additional competition within that market space; by putting more emphasis on outside partners, data outsourcing and our underutilized online magazine TheCarMagazine.com
3. Continue to improve our relationships with some of the largest insurance companies in Canada and partner with some of these organizations to produce new products and services for their vast client base.
4. Maintain operating expenses and achieve the economies of scales of an Internet based business.
5. Expand third-party fee-based online advertising, by developing improved and more secure advertising methods.

StockDude
10-27-2016, 10:20 PM
Armada Data earns $144,853 in fiscal Q1 2017



2016-10-27 13:38 MT - News Release


Mr. James Matthews reports

ARMADA ANNOUNCES Q1 2017 RESULTS

Armada Data Corp. has released its interim financial results for the quarter ended Aug. 31, 2016. The results have been filed on SEDAR and are available for viewing on the company's website, as well as on the SEDAR website.


SELECTED QUARTERLY INFORMATION

Fiscal year 2017 2016 2016 2016 2016 2015 2015 2015
Quarter ended Aug. 31, May 31, Feb. 29, Nov. 30, Aug. 31, May 31, Feb. 28, Nov. 30,
2016 2016 2016 2015 2015 2015 2015 2014

Total revenue $ 587,134 $ 661,263 $ 522,663 $ 545,409 $ 528,853 $ 463,056 $ 466,797 $ 526,884
Comprehensive income (loss) 144,853 97,589 81,419 34,364 70,175 (505,629) (52,028) (71,214)
Comprehensive income (loss)
per share 0.01 0.01 0.00 0.00 0.00 (0.03) 0.00 0.00

The prior periods' comparative figures have been reclassified where necessary, to conform to the current period's presentation.

Operations

The company's total sales increased by 11 per cent in the quarter ended Aug. 31, 2016, from $528,853 in 2015, to $587,134. Comprehensive income increased from $70,175 in the period ended Aug. 31, 2015, to $144,853 in the period ended Aug. 31, 2016.

The insurance services division experienced a 32-per-cent increase in revenue, from $239,927 in 2015 to $316,500 in 2016. This is a continuing result of the fires in Fort McMurray and expanding upon existing customer relationships, mergers and acquisitions within the Canadian insurance company landscape, and policy-driven mandates within insurance companies to use the Armada insurance services replacement value settlement protocol.

The retail services division revenue was down 17 per cent to $52,275 in 2016, from $62,875 in 2015.

The dealer services division revenue decreased 12 per cent, from $179,571 in 2015 to $157,770 in 2016.

The advertising/marketing services division, which derives its revenue from the sale of on-line third party advertising on the Car Cost Canada and The Car Magazine websites, increased from $27,088 to $28,580, or 6 per cent.

The information technology division revenue increased 65 per cent to $32,009 in 2016, up from $19,392 in 2015. IT continues to offer technical support and website hosting to hundreds of customers, and to develop new customer relationships on a regular basis.

Total expenses before amortization decreased to $432,503, compared with $447,913, a 3-per-cent decrease over last year. This is attributed to ceasing production at Mister Beer Inc. and continued cost-cutting measures implemented by management.

Cash on hand increased from $115,573 as at Aug. 31, 2015, to $256,580 as at Aug. 31, 2016.

Accounts receivable increased by 81 per cent, or $498,019, as at Aug. 31, 2016, compared with $275,514 last year. Related party accounts receivable decreased from $8,484 to $6,340.

Accounts payable decreased to $205,680 as at Aug. 31, 2016, from $225,605 a year earlier. Related party accounts payable decreased to zero as at Aug. 31, 2016, from $1,017 last year.

The company's deficit decreased to $1,406,416 as at Aug. 31, 2016, compared with a deficit of $1,764,641 last year.

Management does not plan on issuing any dividends until further notice.

Revenues earned by the divisions are shown in the attached table.


Three months ended Three months ended Year ended
Aug. 31, 2016 Aug. 31, 2015 May 31, 2016

Insurance services $ 316,500 $ 239,927 $ 1,108,745
Retail services 52,275 62,875 227,038
Dealer services 157,770 179,571 660,540
Internet technology 32,009 19,392 121,289
Advertising/marketing services 28,580 27,088 74,624
------- ------- ---------
Total revenue -- Armada Data Corp. 587,134 528,853 2,192,236
======= ======= =========
Revenue -- Mister Beer Inc. - - 17,578
Less: direct product costs/wages
-- Mister Beer Inc. - - 48,374
Total revenue -- Mister Beer Inc. - - 65,952
------- ------- ---------
Total consolidated revenue 587,134 528,853 2,258,188
======= ======= =========
Related party transactions

Salaries and expenses are paid to an officer of the company, who is also a 50-per-cent shareholder of Lease Busters Inc. Office space is rented from Lease Busters. Legal fees are paid to a law firm, of which a partner is a non-remunerated director of the company. Financing was acquired from a company owned by a director of Armada, and interest is paid to this company on a monthly basis. All of the actual costs noted in this section are paid at fair market value in the normal course of business.

© 2016 Canjex Publishing Ltd. All rights reserved.

StockDude
01-27-2017, 06:22 PM
ARD.V Q2 Financial + MD&A Highlights

Price: $0.11
Common Shares: 17,670,265
Options/Warrants: 0
Insider Holdings: 50% (As per information circular)
ASSETS
Cash: $457,723
Accounts Receivable: $334,324
Related Party Receivable: $4,166
Corporate Tax Receivable: $30,400
Prepaid Expenses: $48,085
Property & Equipment: $54,998
Goodwill: $180,000
Total Assets: $1,109,696 (November 2015 - $828,391)

LIABILITIES
Accounts Payable: $160,961
Related Party: $1,894
Deferred Revenue: $55,000
Notes Payable: $275,000 (owed to the CEO)
Total Liabilities: $492,845

Asset/Debt Ratio: 2.25:1
Sales (6 Months)
Revenue: $1,211,348 ($1,074,262 – 2015)
Net Income: $262,593 ($104,539 – 2015)
Earnings per share: $0.015 ( $0.005 – 2015)

MD&A Highlights

The Company’s total sales increased by 14% in the quarter ended November 30, 2016, from $545,409 in 2015, to $624,214. Comprehensive income increased from $34,364 in the period ended November 30, 2015 to $117,740 in the period ended November 30, 2016.

The Insurance Services division experienced a 25% increase in revenue, from $280,719 in 2015 to $352,176 in 2016. This is a continuing result of expanding upon existing customer relationships, mergers and acquisitions within the Canadian insurance company landscape and policy-driven mandates within insurance companies to use the Armada Insurance Services replacement value settlement protocol.

The Retail Services division revenue was down 15% to $55,260 in 2016 from $64,727 in 2015.

The Dealer Services division revenue decreased 4%, from $162,013 in 2015, to $155,775 in 2016.

The Advertising/Marketing Services division, which derives its revenue from the sale of online third party advertising on CarCostCanada.com and TheCarMagazine.com, increased from $7,298 to $26,700.

The Information Technology division revenue increased 12% to $34,303 in 2016, up from $30,652 in 2015. IT continues to offer technical support and web site hosting to hundreds of customers, and to develop new customer relationships on a regular basis.

Total expenses before amortization decreased to $496,696, compared to $500,984, a 1% decrease over last year. Cash on hand increased from $196,813 as at November 30, 2015 to $457,723 as at November 30, 2016. Accounts receivable increased by 46%, $334,324 as at November 30, 2016, compared to $229,594 last year. Related party accounts receivable increased from $4,037 to $4,166. Accounts payable decreased to $160,951 as at November 30, 2016 from $293,011 a year earlier. Related party accounts payable decreased to $1,894 as at November 30, 2016, from $4,538 last year.

Salaries and expenses are paid to an officer of the Company, who is also 50% shareholder of Lease Busters Inc. Office space is rented from Lease Busters Inc. Legal fees are paid to a law firm, of which a partner is a (non-remunerated) director of the Company. Financing was acquired from a company owned by a director of Armada Data Corporation, and interest is paid to this company on a monthly basis. All of the actual costs noted in this section are paid at fair market value in the normal course of business.

Based on a cash position of $457,723, accounts receivable of $334,324, accounts payable of $160,951, and current notes payable of $275,000, management feels that the Company is in a good position to meet all current and foreseeable financial obligations. With the closing of the Mister
Beer production facility, expenses have been reduced. The other divisions of Armada are poised for revenue gains this fiscal year as a result of new project and feature launches as well as more than one significant partnership that the Insurance and Retail Service teams are working on.

Management believes that the data divisions will not only remain very stable and profitable but begin to make significant inroads in new verticals that will result from our partnerships, project releases and new revenue streams.

The Retail and Dealer services division were competition-free for many years and had to re-group and re-strategize in order to prevent further erosion caused by an overly aggressive new competitor. Management expects CarCostCanada.com to start realizing market gains this fiscal year and with the overall new car market remaining poised for more growth nationally (and more specifically in the web-rich Canadian urban centres), the division plans to earn more members to enhance the new car buying process for the Canadian new car buying marketplace.

Outlook
The Company’s outlook is to continue to increase sales, update and improve our data services products and services, and deliver significantly better results to our shareholders by way of the following:
1. Build on the historical success of the Company’s ongoing sales and marketing efforts focused on increasing sales at Retail Services, Dealer Services and Insurance Services.
2. Exploit market awareness and demand for new vehicle pricing information and dealer referrals that result from the additional competition within that market space; by putting more emphasis on outside partners, data outsourcing and our underutilized online magazine TheCarMagazine.com
3. Continue to improve our relationships with some of the largest insurance companies in Canada and partner with some of these organizations to produce new products and services for their vast client base.
4. Maintain operating expenses and achieve the economies of scales of an Internet based business.
5. Expand third-party fee-based online advertising, by developing improved and more secure advertising methods.

StockDude
01-27-2017, 07:38 PM
Symbol C : ARD
Shares Issued 17,670,265
Close 2017-01-11 C$ 0.11
Recent Sedar Documents
View Original Document
Armada Data earns $117,740 in fiscal Q2 2017



2017-01-27 11:59 MT - News Release


Mr. James Matthewsm reports

ARMADA ANNOUNCES Q2 2017 RESULTS

Armada Data Corp. has filed its interim financial results for the quarter ended Nov. 30, 2016, on SEDAR. The financials are available to view on the company's website and on SEDAR.

Selected Quarterly Information


Fiscal Year 2017 2017 2016 2016 2016 2016 2015 2015
Quarter Nov-30 Aug-31 May-31 Feb-29 Nov-30 Aug-31 May-31 Feb-28
Ended 2016 2016 2016 2016 2015 2015 2015 2015
Total Revenue 624,214 587,134 661,263 522,663 545,409 528,853 463,056 466,797
Comprehensive
Income (Loss) 117,740 144,853 97,589 81,419 34,364 70,175 (505,629) (52,028)
Comprehensive
Income (Loss)
per share $0.01 $0.01 $0.01 $0.00 $0.00 $0.00 $(0.03) $0.00

The prior periods' comparative figures have been reclassified where necessary, to conform to the current period's presentation.

Operations

The Company's total sales increased by 14% in the quarter ended November 30, 2016, from $545,409 in 2015, to $624,214. Comprehensive income increased from $34,364 in the period ended November 30, 2015 to $117,740 in the period ended November 30, 2016.

The Insurance Services division experienced a 25% increase in revenue, from $280,719 in 2015 to $352,176 in 2016. This is a continuing result of expanding upon existing customer relationships, mergers and acquisitions within the Canadian insurance company landscape and policy-driven mandates within insurance companies to use the Armada Insurance Services replacement value settlement protocol.

The Retail Services division revenue was down 15% to $55,260 in 2016 from $64,727 in 2015.

The Dealer Services division revenue decreased 4%, from $162,013 in 2015, to $155,775 in 2016.

The Advertising/Marketing Services division, which derives its revenue from the sale of online third party advertising on CarCostCanada.com and TheCarMagazine.com, increased from $7,298 to $26,700.

The Information Technology division revenue increased 12% to $34,303 in 2016, up from $30,652 in 2015. IT continues to offer technical support and web site hosting to hundreds of customers, and to develop new customer relationships on a regular basis.

Total expenses before amortization decreased to $496,696, compared to $500,984, a 1% decrease over last year.

Cash on hand increased from $196,813 as at November 30, 2015 to $457,723 as at November 30, 2016.

Accounts receivable increased by 46%, $334,324 as at November 30, 2016, compared to $229,594 last year. Related party accounts receivable increased from $4,037 to $4,166.

Accounts payable decreased to $160,951 as at November 30, 2016 from $293,011 a year earlier. Related party accounts payable decreased to $1,894 as at November 30, 2016, from $4,538 last year.

The Company's deficit decreased to $(1,288,676) as at November 30, 2016 compared to a deficit of $(1,730,277) last year.

Related Party Transactions

Salaries and expenses are paid to an officer of the Company, who is also 50% shareholder of Lease Busters Inc. Office space is rented from Lease Busters Inc. Legal fees are paid to a law firm, of which a partner is a (non-remunerated) director of the Company. Financing was acquired from a company owned by a director of Armada Data Corporation, and interest is paid to this company on a monthly basis. All of the actual costs noted in this section are paid at fair market value in the normal course of business.

Revenues earned by the divisions are as follows:


3 months ended 3 months ended year ended
Nov. 30, 2016 Nov. 30, 2015 May 31, 2016
Insurance Services $ 352,176 $ 280,719 $ 1,108,745
Retail Services 55,260 64,727 227,038
Dealer Services 155,775 162,013 660,540
Internet Technology 34,303 30,652 121,289
Advertising/Marketing Services 26,700 7,298 74,624

Total revenue - Armada Data Corp 624,214 545,409 2,192,236

Revenue - Mister Beer Inc. - - 17,578
Less: Direct product
costs/wages - Mister Beer Inc. 48,374

Total revenue - Mister Beer Inc. - - 65,952

Total consolidated revenue $ 624,214 $ 545,409 $ 2,258,188

About Armada Data Corporation

Armada Data is a Canadian publicly traded Information & Marketing Services Company providing accurate and real-time data to institutional and retail customers, through developing, owning and operating automotive pricing-related web sites and providing information technology and marketing services to its clients.

Armada Data shares are listed on the TSX Venture exchange under the trading Symbol ARD. Armada currently has a total of 17,670,265 shares outstanding.

© 2017 Canjex Publishing Ltd. All rights reserved.

Mobile Old Site Home Daily Products Help Contact Us Your Account System Status
© 2017 Canjex Publishing Ltd. All rights reserve

StockDude
02-07-2018, 08:37 PM
Armada Data earns $166,941 in fiscal Q2 2018

2018-01-29 11:14 MT - News Release


Mr. James Matthews reports

ARMADA RELEASES Q2 2018 RESULTS

Armada Data Corp. has filed its interim financial results for the quarter ended Nov. 30, 2017, on SEDAR and they are available to view on SEDAR and the company's website.

SELECTED QUARTERLY INFORMATION

Fiscal year 2018 2018 2017 2017 2017 2017 2016 2016
Quarter Nov. 30, Aug. 31, May 31, Feb. 28, Nov. 30, Aug. 31, May 31, Feb. 29,
ended 2017 2017 2017 2017 2016 2016 2016 2016

Total revenue $758,242 $777,838 $594,625 $568,029 $633,385 $595,147 $611,939 $534,779
Comprehensive
income (loss)
before taxes 166,941 199,064 (38,395) 51,733 117,741 144,743 175,057 79,419
Comprehensive
income per
share $0.01 $0.01 $0.00 $0.00 $0.01 $0.01 $0.01 $0.00
The prior periods' comparative figures have been reclassified, where necessary, to conform to the current year's presentation.

Operations

The company's total revenue increased by 20 per cent in the period ended Nov. 30, 2017, to $758,242 from $633,385 in the same period a year earlier. Comprehensive income increased to $166,941 in this quarter, up 42 per cent from $117,741 at Nov. 30, 2016.

The insurance services division experienced an increase in revenue from $352,177 in the three months ended Nov. 30, 2016, to $382,744 in 2017, or by 9 per cent. The increase in revenue was the result of the concerted effort by the insurance division to process more claims faster.

The company has combined the retail, dealer and advertising/marketing divisions into one segment, known as CarCostCanada, due to the fact that the revenues earned by these divisions come directly or indirectly from the CarCostCanada website and as the company has moved into free trial memberships, the business model for the former retail services division has changed. CarCostCanada revenue was up 31 per cent to $311,960 from $237,735 in 2016. An increase in dealer sales, along with the expansion into Quebec, accounts for this increase in revenue.

The information technology (IT) division revenue increased by 46 per cent to $63,538 in the second quarter of fiscal 2018 ended Nov. 30, 2017, from $43,473 in the same quarter in fiscal 2017. The IT division continues to offer technical support and website hosting to hundreds of customers and is developing new customer relationships on a regular basis, as well as offering new services for sale.

Expenses in this second quarter of fiscal 2018 before amortization increased to $581,435, compared with $505,866, a 15-per-cent increase over the same period last year.

As a result of the income reported by the company in this quarter ended Nov. 30, 2017, the company's deficit decreased to $839,709 compared with $1,142,417 at the quarter ended Nov. 30, 2016. Earnings per share at Nov. 30, 2017, are one cent, unchanged from one cent per share at Nov. 30, 2016.

Management does not plan on issuing any dividends until further notice.

Segmented quarterly information

Revenues earned by divisions were as shown in the attached table.

Three months ended Three months ended
Nov. 30, 2017 Nov. 30, 2016

Insurance services $ 382,744 $ 352,177
CarCostCanada 311,960 237,735
IT services 63,538 43,473
Total revenue --
Armada Data Corp. $ 758,242 $ 633,385
Outlook

The company's outlook is to maintain its current growth pattern and to continue to find new ways to leverage and monetize its new car data, its up-to-date factory incentive platform and its customer list. The following is a short list of initiatives that Armada is building upon to add shareholder value:

Continue to enhance the CarCostCanada new car data, display quality, and membership features and benefits;
Build upon the existing CarCostCanada national on-line and traditional marketing and awareness programs as well as enhance the membership registration process;
Forge new and sophisticated partnerships with its insurance company clients, car business suppliers and new car marketing agencies to grow the CarCostCanada membership base;
Develop new first-to-the-market tools and features that will provide new car buyers with additional tools to improve their new car buying experience and relationships with their new car dealerships;
Continue the company's growth pattern in the insurance services division by adding additional Canadian insurance companies to its client list.
About Armada Data Corp.

Armada Data is a Canadian publicly traded information and marketing services company providing accurate and real-time data to institutional and retail customers through developing, owning and operating automotive pricing-related websites, and providing information technology and marketing services to its clients.

© 2018 Canjex Publishing Ltd. All rights reserved.