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Thread: ARD.V - Armada Data Corporation

  1. #1
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    ARD.V - Armada Data Corporation

    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.

  2. #2
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    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.

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    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.

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    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.

  5. #5
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    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.

  6. #6
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    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/...e-mister-beer/
    Director Passing: http://www.armadadata.com/index.php/2012/paul-timoteo/
    ARD Q3 2016 Results: http://www.armadadata.com/wp-content..._FEB292016.pdf

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    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.

  8. #8
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    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.

  9. #9
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    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/2016/1...nology-sector/

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

  10. #10
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    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

  11. #11
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    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!

  12. #12
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    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.

  13. #13
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    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.

  14. #14
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    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.

  15. #15
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    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.

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StockMarketsReview.com provides news coverage, analysis and researches for world stock markets, commodities and currencies. We publish articles provided by experts of leading brokerage and investment companies. At our website investors can find daily, weekly and monthly reports, news, recommendations on the IPOs and fundamental analysis for stocks which are currently traded at the stock exchange.