To make it easier and now that I know how to do this here is the 1997 Year end results:
Sterne Stackhouse Inc. triples revenues in its first year as a public
company
Monday, March 02, 1998
Canadian Corporate News
CALGARY, ALBERTA - Sterne Stackhouse Inc. ("SSX:ASE") today
announced its audited financial results for the years ended October 31,
1997 and October 31st, 1996. The company increased revenues for
fiscal 1997 by 219% over 1996, from $0.503 million to $1.6 million.
Earnings per share increased from $(0.05) per share to $0.02 per share.
Comparative results are as follows:
Financial Results
Year Ended October 31st
1997
1996
$
$
Revenue
$1,604,374
$502,750
Operating Expenses
1,271,930
573,650
Depreciation & amoritzation
136,757
111,147
Earnings (loss) before tax
195,687
(182,047)
Deferred income taxes
93,000
-
Net income (loss)
102,687
(182,047)
Earnings per share
0.02
(0.05)
Outstanding shares
5,564,496
3,551,596
Sterne Stackhouse Inc. is a Canadian software development company
which has been specializing in data retrieval technology for business
since 1981. The company launched the Labrador(R) (Retriever) project
in early 1993. Labrador(R) and its related product suite are solely
responsible for the company's explosive growth.
Labrador(R) is a powerful Business Intelligence Tool which models
complex relational databases automatically, and generates query code
dynamically so that users can retrieve any kind of data. The company
considers Labrador(R) to be the best data retriever in the world.
In the petroleum sector, Labrador(R) has been used to develop
Petro-LAB(TM) , an integrated suite of products for the oil and gas
business which has been growing since the introduction of fieldLAB(TM)
in 1994. Consisting of six integrated modules, Petro-LAB(TM) provides
concurrent access to production, drilling, seismic, land, pipelines, and
reserves data. As a result, clients can retrieve data from any number of
external and internal databases at the same time, and present the results
in a sophisticated map-based context.
Labrador(R) has been developed for both Internet and client/server
initiatives.
For further information, please contact:
Sterne Stackhouse Inc.
Darryl Stackhouse
Vice-President and Chief Financial Officer
(403)-263-6325
The Alberta Stock Exchange has neither approved nor disapproved of
this release. |
