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ARD.V - Armada Data Corporation

Discussion in 'Canadian Stocks Message Boards' started by TheDude, Apr 5, 2016.

  1. TheDude

    TheDude Member

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  2. TheDude

    TheDude Member

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    Market Maker Orders/Shares Bid Price Ask Price Shares/Orders Market Maker
    1 / 50,000 0.085 0.115 4,500 / 1
    1 / 5,000 0.075 0.12 99,000 / 1
    1 / 19,000 0.07 0.145 35,000 / 1
    5 / 115,000 0.06 0.16 9,500 / 1
    1 / 20,000 0.04 0.17 10,000 / 1
    1 / 8,000 0.025 0.33 15,000 / 1
    1 / 10,000 0.02 0.42 27,000 / 1
    1 / 14,000 0.015 -- -- --
    2 / 285,000 0.005 -- --
     
  3. TheDude

    TheDude Member

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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, 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.
     
  4. TheDude

    TheDude Member

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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:
    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.
     
  5. TheDude

    TheDude Member

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    Very little for sale. Once we get Q1 numbers, the stock will gap up for sure.

    LEVEL 2 QUOTE


    Market Maker Shares Bid Price Ask Price Shares Market Maker
    45,000 0.110 0.140 10,000
    23,500 0.090 0.145 7,000
    5,000 0.075 0.150 9,500
    5,000 0.065 0.195 4,000
    50,000 0.045 0.200 1,000
    8,000 0.025 0.245 3,000
    10,000 0.020 0.290 17,000
    14,000 0.015 0.300 6,000
    100,000 0.005 0.560 4,000
    -- -- -- 0.570 4,000
     
  6. TheDude

    TheDude Member

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  7. TheDude

    TheDude Member

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    Nice bids on the level 2

    LEVEL 2 QUOTE


    Market Maker Shares Bid Price Ask Price Shares Market Maker
    100,000 0.135 0.140 1,500
    38,000 0.130 0.145 6,500
    10,000 0.125 0.150 6,000
    14,000 0.120 0.180 20,000
    25,000 0.115 0.185 4,000
    100,000 0.100 0.195 4,000
    73,500 0.090 0.245 3,000
    13,000 0.070 0.290 17,000
    5,000 0.065 0.300 6,000
    50,000 0.045 0.560 4,000
     
  8. hollyhunter

    hollyhunter Member

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    Bullish cross in Stochastic oscillator and RSI is increasing to 54.64 with positive bias. Next resistance watch: 0.17.
     
  9. TheDude

    TheDude Member

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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
     
  10. TheDude

    TheDude Member

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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!
     
  11. TheDude

    TheDude Member

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    ARD Q1 results came out early. The company earned $144,000 in Q1 or $0.008c EPS. They earned $283,000 total in 2015, so if the trend keeps up, the should be able to earn almost $500,000 in 2016 which is around $0.03 per share.
     
  12. TheDude

    TheDude Member

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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. TheDude

    TheDude Member

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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. TheDude

    TheDude Member

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    Finally! the website is undergoing it's update. It's only taken several months. But this should add new revenue with updated features and some new ones as well.

    https://carcostcanada.com/
     
  15. TheDude

    TheDude Member

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    Selling has been constant over the last couple months, but I think we've flushed out lots of the old shareholders and flippers. Now there's a good support level at $0.12 and with another year of positive quarters coming, we should be able to trade at a more appropriate price level.

    LEVEL 2 QUOTE
    Market Maker Shares Bid Price Ask Price Shares Market Maker
    70,000 0.120 0.125 8,000
    30,000 0.115 0.130 50,000
    5,000 0.110 0.160 6,000
    15,000 0.105 0.185 8,000
    5,000 0.100 0.230 3,000
    20,000 0.090 0.250 10,000
    15,000 0.085 0.275 17,000
    50,000 0.045 -- -- --
    8,000 0.025 -- -- --
    10,000 0.020 -- -- --
     
  16. TheDude

    TheDude Member

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    Less than a month to go before Q2 results are out. There's a nice block for sale at $0.14 and then after that not much at all.

    LEVEL 2 QUOTE
    Market Maker Shares Bid Price Ask Price Shares Market Maker
    12,000 0.115 0.140 60,000
    42,500 0.110 0.150 12,500
    65,000 0.105 0.160 14,000
    5,000 0.100 0.185 8,000
    40,000 0.090 0.200 27,000
    15,000 0.085 0.230 3,000
    10,000 0.080 1.990 5,000
    20,000 0.050 -- -- --
    50,000 0.045 -- -- --
    8,000 0.025 -- -- --
     
  17. Epicram

    Epicram Member

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    Nice stock, I would like to recommend this stock for long term.
     
  18. TheDude

    TheDude Member

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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.
     
  19. TheDude

    TheDude Member

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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.
     
  20. TheDude

    TheDude Member

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    ARD hit a high of $0.20 today and then pulled back. Still cheap considering six straight quarters of profit.
     

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