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ARD.V - Armada Data Corporation



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By mrduediligence

Posted: Thursday Sep 28 2:15:34PM 2017

Armada Data earns $195,864 in fiscal 2017

 
2017-09-28 14:40 MT - News Release

 

Mr. R. James Matthews reports

ARMADA RELEASES ANNUAL RESULTS

Armada Data Corp.'s annual financial results for the year ended May 31, 2017, have now been filed on SEDAR and are available to view on SEDAR and the company's website.

 

SELECTED ANNUAL INFORMATION

Fiscal Year Ended May 31, 2017 May 31, 2016 May 31, 2015 May 31, 2014

Total Revenue $2,391,186 $2,249,620 $2,210,932 $2,606,924
Income before undernoted 275,821 272,545 $2,167 $403,398
Income from discontinued operations
(Mister Beer Inc.) NIL 86,470 $(642,601) $(541,251)
Income (Loss) before taxes $275,821 $359,015 $(640,434) $(137,853)
Income Taxes $79,957 75,468 NIL $(102,289)
Comprehensive Income (Loss) after Taxes $195,864 $283,547 $(640,434) $(240,142)
Comprehensive Income (Loss) per share $0.01 $0.02 $(0.04) $(0.01)
Total Assets $875,175 $953,751 $730,565 $1,256,286
Total Liabilities $325,053 $599,493 $659,854 $545,141
Shareholder's Equity, including
Non-controlling interests $550,122 $354,258 $70,711 $711,145
Dividends NIL NIL NIL NIL

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

 

The Company's total revenue increased by 6% in 2017 to $2,391,186 from $2,249,620 in 2016.

The Company reported comprehensive income of $275,821, due to the following factors:

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 in fiscal 2017, by 15% over fiscal 2016.

Expansion of carcostcanada.com and dealer services program into the province of Quebec.

The Company retained a new digital advertising network.

Selected Quarterly Information

No dividends were paid out to shareholders in fiscal 2017 or fiscal 2016.Management does not plan on issuing any dividends until further notice.

Operations

The Insurance Services division experienced an increase in revenue, from $1,108,745 in 2016 to $1,279,067 in 2017, or by 15%. The increase in revenue was the result of the concerted effort by the Insurance Division to process more claims faster.

The Retail Services division revenue was down 20% to $182,476 from $227,038. The new CarCostCanada.com 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 overall 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 increased from $660,540 in 2016 to $676,225 in 2017. Despite the decrease in membership sales, which drive the dealer lead generation program, and some manufacturer intervention on the part of an automaker that discourages their dealer-body from participating in any type of third-party lead generation program, this division managed to increase its revenue by 2%, accounted by an expansion into Quebec.

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 $74,624 to $94,492. Management was successful in their efforts to search out additional sources of revenue in this division.

The Information Technology division revenue decreased by 11% to $158,926 in 2017, from $178,673 in 2016. IT continues to offer technical support and web site 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 ceased operations on December 31, 2014, and its assets disposed of in fiscal 2016. There was no activity in this division in fiscal 2017. Armada's consolidated statement reflects income this year, before corporation income taxes, of $275,821, compared to the income before corporation income taxes of $359,015 in 2016. Corporation income tax expense is $79,957 in 2017, compared to $75,468 in 2016.

Total expenses before amortization increased to $2,075,093 compared to $1,935,704, a 7% increase over last year.After the many cost-cutting measures to reduce expenses in 2015 and 2016, the largest increase is in salaries and wages, which is up 24% over last year.Advertising expense has increased 55%, due to new radio advertising campaigns.

As a result of the income reported by the Company in 2017, the Company's deficit decreased to $(1,207,374) as at May 31, 2017 compared to $(1,406,561) the prior year. Earnings per share at May 31, 2017 are $0.01 versus $0.02 per share at May 31, 2016.

Liquidity

Based on a year-end cash position of $296,200, accounts receivable of $312,129, and accounts payable of $293,756, the company is in a positive cash position.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. 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:

 

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.
 

About Armada Data Corp.

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.

© 2017 Canjex Publishing Ltd. All rights reserved.
 
 


By mrduediligence

Posted: Tuesday Jun 27 2:36:08PM 2017

Armada Data, LeaseBusters to run, manage CarCostCanada

 
2017-06-27 14:36 MT - News Release

 

Mr. James Matthews reports

ARMADA DATA PARTNERING WITH LEASEBUSTERS QUEBEC TO MANAGE & EXPAND CARCOSTCANADA IN LA BELLE PROVINCE; CARCOSTCANADA PAVES THE WAY FOR A FOUR-FOLD INCREASE IN QUEBEC-BASED TRAFFIC

Armada Data Corp. has signed a partnership agreement with LeaseBusters Quebec in which the two will co-operatively run and manage the Quebec operations of CarCostCanada. The venture will provide a welcome boost to CarCostCanada's time-tested business-to-business (B2B) dealer lead generation program in the province, with member referrals to participating new car dealerships expected to vastly increase.

LeaseBusters Quebec has been marketing the LeaseBusters brand (Canada's No. 1 lease takeover destination) to the province's consumers since 2002. "With LeaseBusters' many years of experience in the automotive industry," states Tom Liebmann, general manager of LeaseBusters Quebec, "we have developed in-depth knowledge of what both customers and dealers want. As a result, we are well placed to assist our clients in achieving a transparent and hassle-free car-buying experience." Backed by firm support from LeaseBusters Quebec, Armada Data will be able to channel CarCostCanada to the Quebec market in a much more robust fashion.

Founded in 1999 as a subsidiary of Mississauga-based Armada Data, CarCostCanada is Canada's first and most advanced membership-based new car pricing website. Established at the dawn of the digital age, CarCostCanada has evolved to become a respected Web-based service, providing its members with a wealth of detailed automotive vehicle pricing data. Through the regularly updated CarCostCanada website, potential new car and truck buyers enjoy exclusive access to confidential comparative information, including every auto manufacturer's dealer cost pricing, incentive programs (publicly advertised or not), factory rebates, and lease and finance rates. CarCostCanada also provides its members with unique and invaluable data gleaned from over 11,000 in-depth surveys contributed by members who have purchased or leased new vehicles in Canada.

CarCostCanada has always sought to be the go-to auto information portal for Canadians coast-to-coast. It was not until 2015, however, that CarCostCanada established a French-language website catering to francophones in Quebec, Canada's second-largest province by population. In consequence, CarCostCanada's marketing efforts in Quebec have been handicapped. "The company's English-language website receives a greater proportion of total traffic from Quebec than the French-language site," explains James Matthews, chief executive officer of Armada Data. "It's a discrepancy that sticks out like a sore thumb."

Under this new, mutually beneficial partnership, Tom Liebmann will be expanding his area of responsibility to include managing this joint venture and setting it on the road to success. Mr. Liebmann's main focus will entail leveraging his Quebec business in order to maximize CarCostCanada membership sales. "We are looking forward to assisting CarCostCanada in expanding its Quebec member base as well as its network of affiliated dealers in Quebec," states Mr. Liebmann. "Being located in Montreal, our vast experience with the Quebec car-buying public allows us to understand the differences and nuances of Quebec clients' thoughts and expectations."

"In terms of marketing, the province of Quebec represents up 20 per cent of the country as a whole," according to Mr. Matthews. "Yet only about 5 per cent of this crucial market is represented in CarCostCanada's customer base. Working together with LeaseBusters Quebec, we have a golden opportunity to bridge that gap." Resolving this issue will enable CarCostCanada to fulfill its core mission to be a truly all-Canadian service offering benefits to all Canadians, no matter where they live.

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.

© 2017 Canjex Publishing Ltd. All rights reserved.


By mrduediligence

Posted: Sunday Apr 30 12:13:52PM 2017

Armada Data earns $51,733 in fiscal Q3

2017-04-28 16:01 MT - News Release

Mr. R. James Matthews reports
ARMADA ANNOUNCES Q3 2017 RESULTS
Armada Data Corp.'s interim financial results for the quarter ended Feb. 28, 2017, have been filed on SEDAR and are available to view on the company's website as well as on SEDAR.
The comparative figures for the prior periods have been reclassified where necessary to conform to the current period's presentation.

SELECTED QUARTERLY INFORMATION

Fiscal year 2017 2017 2017 2016 2016 2016 2016 2015

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

Total revenue $ 548,672 $ 624,214 $ 587,134 $ 661,263 $ 522,663 $ 545,409 $ 528,853 $ 463,056
Comprehensive income
(loss) 51,733 117,740 144,853 97,589 81,419 34,364 70,175 (505,629)
Comprehensive income
(loss) per share 0.00 0.01 0.01 0.01 0.00 0.00 0.00 (0.03)

Operations
The company's total sales increased by 5 per cent in the quarter ended Feb. 28, 2017, from $522,663 in 2016 to $548,672. Comprehensive income decreased from $81,419 in the period ended Feb. 29, 2016, to $51,733 in the period ended Feb. 28, 2017.
The insurance services division experienced a 15-per-cent increase in revenue, from $276,217 in 2016 to $319,012 in 2017. 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 18 per cent, to $36,298 in 2017 from $44,060 in 2016.
The dealer services division revenue decreased 9 per cent, from $155,525 in 2016 to $141,195 in 2017.
The advertising/marketing services division, which derives its revenue from the sale of on-line third party advertising on the CarCostCanada and TheCarMagazine websites, increased from $18,425 to $26,200.
The information technology (IT) division revenue decreased 9 per cent to $25,967 in 2017, down from $28,436 in 2016. 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 increased to $487,161, compared with $431,183, a 13-per-cent increase over last year.
Cash on hand increased from $209,181 as at Feb. 29, 2016, to $222,633 as at Feb. 28, 2017.
Accounts receivable increased by 3 per cent, $335,371 as at Feb. 28, 2017, compared with $324,529 last year. Related party accounts receivable decreased from $8,763 to $5,320.
Accounts payable decreased to $188,157 as at Feb. 28, 2017, from $305,619 a year earlier. Related party accounts payable decreased to nil as at Feb. 28, 2017, from $537 last year.
The company's deficit decreased to ($1,236,942) as at Feb. 28, 2017, compared with a deficit of ($1,648,858) last year.
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, a partner of which is a (non-remunerated) director of the company. Financing was acquired from a company owned by a director of Armada Data, and interest was 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 shown in the accompanying table.

Three months Three months
ended ended Year ended
Feb. 28, 2017 Feb. 29, 2016 May 31, 2016

Insurance services $ 319,012 58% $ 276,217 53% $ 1,108,745 49%
Retail services 36,298 6% 44,060 8% 227,038 10%
Dealer services 141,195 26% 155,525 30% 660,540 29%
Internet technology 25,967 5% 28,436 5% 121,289 6%
Advertising/marketing services 26,200 5% 18,425 4% 74,624 3%
--------- ---- --------- ---- ----------- ----
Total revenue -- Armada Data Corp. 548,672 100% 522,663 100% 2,192,236 97%
========= ==== ========= ==== =========== ====
Revenue -- Mister Beer Inc. - - 17,578
Less direct product costs/wages
-- Mister Beer Inc. - - 48,374
--------- ---- --------- ---- ----------- ----
Total revenue -- Mister Beer Inc. - - 65,952 3%
========= ==== ========= ==== =========== ====
Total consolidated revenue $548,672 100% $522,663 100% $2,258,188 100%
========= ==== ========= ==== =========== ====

© 2017 Canjex Publishing Ltd. All rights reserved.


By mrduediligence

Posted: Monday Mar 13 12:20:05PM 2017

ARD Report:

https://dasherbusinessreview.com/armada-data-corporation-ard-v-momentum-rolls-on/

MARCH 13, 2017 DBR STAFF
Armada Data Corporation (ARD.V) Momentum Rolls On

Armada Data Corporation (ARD.V) shares are showing positive momentum over the past week as the stock has clocked in consecutive positive sessions over that time. In taking a look at recent performance, we can see that shares have moved 18.52% over the past week, 39.13% over the past 4-weeks, 128.57% over the past half year and 300.00% over the past full year.

Fundamental Data
Now we’ll take a look at how the fundamentals are stacking up for Armada Data Corporation (ARD.V). Fundamental analysis takes into consideration market, industry and stock conditions to help determine if the shares are correctly valued.

One ratio we can look at is the Return on Invested Capital or more commonly referred to as ROIC. Armada Data Corporation (ARD.V) has a current ROIC of 101.16. ROIC is calculated by dividing Net Income – Dividends by Total Capital Invested.

ROIC measures how effectively company management is using invested capital to generate company income. A high ROIC number typically reflects positively on company management while a low number typically reflects the opposite.

Another key indicator that can help investors determine if a stock might be a quality investment is the Return on Equity or ROE. Armada Data Corporation (ARD.V) currently has Return on Equity of 110.16. ROE is a ratio that measures profits generated from the investments received from shareholders.

In other words, the ratio reveals how effective the firm is at turning shareholder investment into company profits. A company with high ROE typically reflects well on management and how well a company is run at a high level. A firm with a lower ROE might encourage potential investors to dig further to see why profits aren’t being generated from shareholder money.

Turning to Return on Assets or ROA, Armada Data Corporation (ARD.V) has a current ROA of 45.57. This is a profitability ratio that measures net income generated from total company assets during a given period. This ratio reveals how quick a company can turn it’s assets into profits. In other words, the ratio provides insight into the profitability of a firm’s assets. The ratio is calculated by dividing total net income by the average total assets.

A higher ROA compared to peers in the same industry, would suggest that company management is able to effectively generate profits from their assets. Similar to the other ratios, a lower number might raise red flags about management’s ability when compared to other companies in a similar sector.

Armada Data Corporation currently has a yearly EPS of 0.02. This number is derived from the total net income divided by shares outstanding. In other words, EPS reveals how profitable a company is on a share owner basis.


By mrduediligence

Posted: Friday Mar 10 11:25:48AM 2017


Armada Data relaunches TheCarMagazine website

 
2017-03-10 11:17 MT - News Release

 

Mr. James Matthews reports

ARMADA DATA RE-LAUNCHES REFRESHED & REDESIGNED THECARMAGAZINE.COM

Armada Data Corp. has relaunched its refreshed and redesigned automobile information website, TheCarMagazine (TCM). The launch coincides with Armada's reinvigorated market outlook as a newly debt-free company.

TCM is a user-friendly on-line portal with a mandate to be Canada's premier source for new car vehicle information. Debuting in May of 2002 and designed exclusively for the digital environment, TCM features an extensive library of new vehicle reviews, spectacular image galleries and a wealth of CarCostCanada-powered new vehicle pricing data.

Potential vehicle buyers can browse through detailed reviews of new cars and trucks manufactured for sale in Canada -- not only for the current model year but for previous years as well. TCM is a virtual fountainhead of informative automotive data ranging from discounts to buyer reviews, and much, much more. The continually updated website boasts extensive new car research features geared to assist new vehicle buyers in navigating the ever-changing automotive marketplace. This recent comprehensive refresh builds on years of constructive feedback by site users, resulting in a wealth of helpful features while further refining the "just one click" user experience.

"One of TCM's greatest virtues is that it's designed by Canadians, for Canadians," stated Eli Oszlak, chief technology officer for Armada. "Bombarded as we are by U.S.-based media, Canadian new car buyers may be unaware that vehicles sold here are often built and packaged differently from their U.S.-built counterparts."

Indeed, vehicles built for the Canadian market can have different model designations, different levels of standard and optional equipment, and even different engine options. On-line auto reviews pulled from Internet searches and featured in the most popular car and truck print magazines are usually American-based, and as such, do not mention these differences. "This can leave Canadian new vehicle buyers frustrated to say the least, hindering their ability to conduct accurate research. In the end, Canadian vehicle buyers get hurt where it hurts the most: in their wallets. TCM puts the concerns of Canadian vehicle buyers front and centre, saving them time and money," added Mr. Oszlak.

As Canada's most comprehensive new vehicle buyers guide, TCM addresses these issues head-on. Throughout its existence, TCM has highlighted the many disparities between U.S.-built and Canadian-built vehicles. TCM's paramount objective has been and continues to be empowering Canadian new vehicle buyers with accurate, up-to-date data and information about Canadian-specification vehicles -- the vehicles they will actually be buying. This focus on domestic market vehicles makes TCM the obvious choice when it comes to researching new cars in Canada.

TCM enjoys a mutually beneficial association with LeaseBusters, Canada's leading lease takeover destination, and FinanceBusters, your one-stop shop for IPO integrity preowned vehicles. By virtue of its comprehensive domestic-oriented database, TCM has become the premier automotive research site for LeaseBusters and FinanceBusters members. It is a match made in car-owning heaven, since many customers will buy or lease a new vehicle after liberating themselves from their current obligations via LeaseBusters and FinanceBusters.

Armada hits the ground running in 2017 by virtue of being debt free after repaying a corporate loan in full. "I am pleased that the company's performance has allowed repayment of these notes payable," stated controller and chief financial officer Elizabeth Matthews. "And I'm glad our cash position has recovered enough to pay them out." Ms. Matthews also stated that she is thankful to the related-party company for providing loans that enabled the company's recovery.

© 2017 Canjex Publishing Ltd. All rights reserved.


By mrduediligence

Posted: Friday Jan 27 11:43:00AM 2017

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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By mrduediligence

Posted: Friday Jan 27 10:24:00AM 2017

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.


By mrduediligence

Posted: Friday Oct 28 2:18:37PM 2016

ARD hit a multi year and 52 week high this week. Still undervalued given their 5 quarters of earnings. 


By mrduediligence

Posted: Thursday Oct 27 3:19:54PM 2016

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.


By mrduediligence

Posted: Thursday Oct 27 11:31:37AM 2016

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.


By mrduediligence

Posted: Thursday Oct 27 10:03:40AM 2016

The videos were taken down at that link. However, they exist on another Vimeo channel and the marketing company's website.
 
 

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!

By mrduediligence

Posted: Thursday Oct 27 7:40:29AM 2016

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


By mrduediligence

Posted: Wednesday Oct 5 10:31:18AM 2016

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/


By mrduediligence

Posted: Wednesday Sep 28 7:56:53PM 2016

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:
  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.
 
  1. 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
 
  1. 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.
 
  1. Maintain operating expenses and achieve the economies of scales of an Internet based business.
 
  1. Expand third-party fee-based online advertising, by developing improved and more secure advertising methods.

By mrduediligence

Posted: Wednesday Sep 28 1:23:53PM 2016

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, 2016May 31, 2015May 31, 2014May 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% 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.

 

    Selected Quarterly Information 
   
  Fiscal Year                          2016   2016   2016   2016   2015     2015    2015    2015    
Quarter                              May-31 Feb-29 Nov-30 Aug-31 May-31   Feb-28  Nov-30  Aug-31  
Ended                                2016   2016   2015   2015   2015     2015    2014    2014    
Total Revenue                        661,263522,663545,409528,853463,056  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%. The increase in revenue was the result of fires in Fort McMurray, Alberta in May 2016, which resulted in an unusually high number of claims processed.

The Retail Services division revenue was down 30% to $227,038 from $323,012. The new CarCostCanada.com 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 overall 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 their dealer-body from participating in any type of third-party lead generation program, this division managed to keep the reduction in revenue to 5%.

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 $12,251 to $74,624. Management was successful in their efforts to search out additional sources of revenue in this division.

The Information Technology division revenue decreased by 5% to $121,289 in 2016, from $127,649 in 2015. IT continues to offer technical support and web site 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%. Direct product costs and labour decreased by 129%, 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 January 1, 2015. On August 31, 2015, the plant equipment was sold for $45,000, and on November 1, 2015, a new sub-tenant 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 to the loss before corporation income taxes of $(640,434) in 2015. Corporation income tax expense is $75,468 in 2016, compared to nil in 2015.

Total expenses before amortization decreased to $1,857,802 compared to $2,137,421, a 13% 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%, to $250,001 as at May 31, 2016 from $254,762 a year earlier.Related parties 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 to $110,623 as at May 31, 2015. Related Party Notes Payable-current portion increased from 212,000 at May 31, 2015 to $281,000 at May 31, 2016, and Related Party Notes Payable - long term portion went from $81,000 at May 31, 2015 to nil 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 to $(1,834,816) the prior year. Earnings per share at May 31, 2016 are $0.02 versus $(0.04) 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 were as follows:

 

  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 Corporation$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             $   2,258,188100$   2,008,772100

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 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.

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

© 2016 Canjex Publishing Ltd. All rights reserved.


By mrduediligence

Posted: Thursday Jul 7 8:15:41AM 2016

 

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

 


By mrduediligence

Posted: Friday Jun 24 4:43:50PM 2016

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.


By mrduediligence

Posted: Thursday Apr 28 2:24:42PM 2016

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.


By mrduediligence

Posted: Thursday Apr 28 7:46:11AM 2016

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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