TXS - Texada Software Inc

[Jack_Aster]

TXS - Texada Software Inc

Price: $0.045
Cash: $290,000 as per Nov.30th 2009
2009 Earnings already at $0.024, which should increase when the Q4 report comes out.
Shares Oustanding: 8,767,349
Insiders own 80% of all shares as per Sedi


TXS is a software development company that has had three quarters
of positive earnings. With positive revenue coming in and such a
small share structure, this stock has lots of potential ahead of it.

From the Q3 2009 Report:


We are very pleased with Texada's operating performance in 2009, especially given current economic conditions," commented president and chief executive officer Brian Spilak. "We have now registered three consecutive quarters of positive income and the company's adjusted EBITDA has increased with each passing quarter. The team remains committed to ensuring that our customers are at the centre of everything we do. Meeting and exceeding customer expectations has become entrenched in our everyday activities resulting in mutually beneficial experiences with our customer base. We plan on continued diligence with our cost-control program while situating the organization for what we anticipate further improvements in our revenue performance as we head into the fourth quarter of 2009 and fiscal 2010."


FINANCIAL RESULTS
($000s)

Three months ended Nine months ended
Sept. 30, Sept. 30,
2009 2008 2009 2008

Revenue $ 1,119 $ 1,216 $ 3,422 $ 3,671
Operating income (loss)
(adjusted EBITDA) 188 (33) 402 (28)
Income (loss) for the
period 81 (112) 211 (400)
Income (loss) per share $ 0.009 $ (0.013) $ 0.024 $ (0.046)


We seek Safe Harbor.

[Jack_Aster]

Texada Software Inc (2)
Symbol TXS
Shares Issued 8,767,349
Close 2010-02-03 C$ 0.04
Recent Sedar Documents



Texada has new asset management user


2010-02-08 14:56 MT - News Release

Mr. Brian Spilak reports

MORTENSON CONSTRUCTION SUCCESSFULLY DEPLOYS TEXADA SOFTWARE'S SYSTEMATIC ASSET MANAGEMENT SYSTEM THROUGHOUT ITS NORTH AMERICAN EQUIPMENT FACILITIES

Mortenson Construction has successfully deployed Texada Software Inc.'s systematic asset management system within its equipment facility network to manage its construction assets throughout North America.

Mortenson performed a detailed evaluation process which initially started with 12 asset management software vendors prior to the eventual selection of Texada. The key business drivers for Mortenson were the focus on construction asset management, the ability to provide rental house functionality and willingness to provide Mortenson with key Texada support members that grew to understand the Mortenson business model. In addition, Texada fully understood the need for seamless integration with Oracle's ERP solution.

"As part of Mortenson's continuous improvement process, we put a group of key team members together from all stakeholder groups to design and configure the product we needed. Our goal was to standardize and automate functions across all of Mortenson's equipment facilities, replacing manual efforts wherever possible. With the implementation of the SRM software system, Mortenson is positioned to manage inventory of company-owned assets, consumables, equipment maintenance records, equipment utilization and schedules, rental contracts, and services to our project sites. These consistent processes and new functionality will deliver a higher level of service to our customers, resulting in higher utilization of the equipment we manage. Texada's team and solution aligned well with Mortenson's goals," said Edgar Butsch, director of equipment operations for Mortenson Construction.

"Texada took the time to understand our needs and then helped us deliver on our commitment to provide an integrated solution," commented Cole Orndorff, chief information officer of Mortenson Construction.

"We are very pleased with the mutual effort over the last number of months working closely with the Mortenson's team and are proud to have them part of the Texada family," said Brian Spilak, president and chief executive officer of Texada. "Mortenson's Construction is a first-class organization with a clear vision, focused on improving internal processes and utilization of their fleet. We look forward to a mutually beneficial partnership from deployment, continuing on with further development and long-term focus on asset tracking solutions within the construction asset management space."

[Jack_Aster]

Texada updated their website this week, looks much better now. Cant wait for Q4 results.

http://www.texadasoftware.com/

[Jack_Aster]

While were waiting for the Q4 and 2009 results to come out, I found some interesting stuff on TXS. Looks like so far in 2010 besides the Mortenson deal, they are also trying to hire two new positions for the company, the two links below. I also found the one fund Zynik, that holds a large chunk of TXS as per sedi, AND TXS was rated in backbones top 300 companies back in 2008. Since they have already beat last years in terms of % increase(2008 Q1-Q3 loss vs 2009 Q1-Q3 profit), we should hopefully see some good exposure for this play in 2010.

2 jobs:
http://www.wowjobs.ca/job/Telephone+sal ... on-7706967

http://ca.indeed.com/job/Sales-Manager- ... 10b09ba2c2

Fund holding TXS: http://www.zynik.com/portfolio.php
Their position can be seen on www.sedi.ca

Backbone 2008 article:
http://www.backbonemag.com/files/PDF/To ... Top-50.pdf

[Jack_Aster]

As well, on the MD&A it states that TXS had $625,000 in cash as of April 12th 2010. This was on page 13. So Texada made 4 cents a share in 2009 and has 7 cents a share in cash right now. A fair value price for the stock would be between 10-15 cents.

Texada Software Inc (2)
Symbol TXS
Shares Issued 8,767,349
Close 2010-04-12 C$ 0.035
Recent Sedar Documents



Texada Software earns $316,000 in 2009


2010-04-13 16:25 MT - News Release

Mr. Brian Spilak reports

TEXADA SOFTWARE INC. ANNOUNCES SIGNIFICANTLY IMPROVED RESULTS FOR THE YEAR ENDED DECEMBER 31, 2009

Texada Software Inc. today released its audited financial results for the year ended Dec. 31, 2009.

For the year ended Dec. 31, 2009, the company generated total revenues of $4.44-million and income of $320,000 adjusted EBITDA (defined as income (loss) for the year adjusted for amortization, accretion on convertible debt, interest expense, foreign exchange losses, severance payments, stock-based compensation expense, lease closure expenses and gain on sale of asset) was $560,000. These results compare with total revenues of $4.28-million, a net loss of $1.68-million and an adjusted EBITDA loss of $710,000 for fiscal 2008.

Revenue for 2009 was 3.7 per cent higher than revenue recorded in 2008. The split between licence and service revenue remained virtually unchanged in 2009 compared with 2008. Gross profit in 2009 was improved to $3.72-million compared with $3.56-million in 2008 and operating expenses declined by more than $1.1-million resulting in an improvement in adjusted EBITDA to $560,000 from a loss of $710,000 in 2008.

A reduction in interest expense and the expense for accretion on convertible debentures totalling $580,000 combined with declines in other non-operating expense areas including lease closure, foreign exchange and severance expenses resulted in an overall reduction in non-operating expenses of more than $720,000, or 75 per cent in 2009. The overall decline in non-operating expenses during the year was achieved despite the non-recurrence of a $400,000 gain on sale of asset which had been recorded in 2008.

The improved gross profit performance in 2009 combined with the reduction in operating expenses and the decline in non-operating expenses compared with 2008 resulted in Texada achieving net income in all four quarters in the current year and a full year net income of $320,000 compared with a loss of $1.68-million in 2008.

"We are very proud of Texada's accomplishments in 2009," noted president and chief executive officer Brian Spilak. "The company achieved record operating results while maintaining a passionate focus on meeting the needs of our customers and employees. The past year was about a concerted focus on the areas that we could influence and control while preparing for the expected economic recovery in 2010. With recent new partnerships into the construction asset management sector, and positive changes to the organization and product set, we are optimistic that we will continue to leverage our new operating model to facilitate further profitable growth in the upcoming year. We look forward to many exciting new opportunities, facing new challenges and continuing to enhance the relationships that have served us well in the past year and solidified our business model for the future."

The company's financial results for 2009 are presented in the table.


FINANCIAL HIGHLIGHTS
Thousands of Canadian
dollars (except per share Three months ended Year ended
amounts) Dec. 31, Dec. 31,
2009 2008 2009 2008

Revenue $ 1,019 $ 612 $ 4,441 $ 4,283

Operating income (loss)
(adjusted EBITDA) 160 (684) 562 (712)

Net earnings (loss) for the
period $ 105 $ (1,280) $ 316 $ (1,680)

Net earnings (loss) per
share $ 0.01 $ (0.15) $ 0.04 $ (0.20)


We seek Safe Harbor.

[Jack_Aster]

Ok, so as of Dec 2009, TXS had a cash position of $540,000. Now within the MD&A, it stated that as of April 12th the company had $625,000 cash. I'm betting that TXS must of had a decent Q1 because inorder for their cash position to have gone up $85,000 after 3 and a half months, their must of been some decent sales for the quarter. If it was a negative quarter, cash balance should have been less than in December because their would of been a loss.

[Jack_Aster]

Well TXS has now had 5 great quarters and the stock is still a steal for the price. Debts are getting paid quickly and the company is retaining a good chunk of cash without dilution. Below is their Q1 results and some hilights I picked out from the MD&A

- 5th consecutive quarter that the company
has generated profits

- cash balance of $570,000 as of may 24th

- $680,000 total debt left to pay off, compared to $880k
in Q4 2009

- (right from the MD&A)Management is of the opinion that sufficient working capital will
be obtained from future cash flows to meet the Company’s liabilities and commitments as they become payable.

Texada Software Inc
Symbol TXS
Shares Issued 8,767,349
Close 2010-04-30 C$ 0.04
Recent Sedar Documents



Texada Software earns $139,000 in Q1


2010-05-25 17:55 MT - News Release

Mr. Brian Spilak reports

TEXADA SOFTWARE INC. ANNOUNCES IMPROVED OPERATING RESULTS FOR THE QUARTER ENDED MARCH 31, 2010

Texada Software Inc. is releasing its unaudited interim financial results for the three months ended March 31, 2010.

For the quarter ended March 31, 2010, the company generated total revenues of $1.20-million and net earnings of $140,000. Adjusted EBITDA (defined as net earnings for the period adjusted for amortization, accretion on convertible debt, interest expense, foreign exchange and stock-based compensation expense) was $230,000. These results compare with total revenues of $1.19-million, net earnings of $30,000 and an adjusted EBITDA of $100,000 in 2009.

Revenue in the current quarter was consistent with 2009, with a higher proportion of licence revenue achieved than service revenue compared with last year, contributing to an $80,000 improvement in gross profit in 2010. Operating expenses declined by $50,000 during the quarter, reflecting primarily personnel cost savings. Non-operating expenses were $90,000 in the quarter, compared with $70,000 in the first quarter of 2009.

"We are quite pleased with our financial results for first quarter 2010," noted president and chief executive officer Brian Spilak. "We are excited to be able to get off with a good start from an operational results perspective. Considerable time and effort was expended in 2009 to rebuild Texada's business, and are pleased with the ongoing relationships we have built with all our customers. Our strong foundation of industry-leading technology, personnel and customers bodes well for our future. The Texada team remains focused on meeting and exceeding customer expectations, and we are actively looking at areas to expand our product offerings while continuing to focus on our existing business."


FINANCIAL RESULTS FOR THE QUARTER
(in thousands of Canadian dollars, except per-share amounts)

Three months ended March 31,
2010 2009

Revenue $ 1,204 $ 1,187
Operating income (adjusted EBITDA) 227 103
Net earnings for the period 139 28
Net earnings per share $ 0.016 $ 0.003


More information may be found on SEDAR.

We seek Safe Harbor.