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.
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.
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.
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.
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.
Armada Data earns $166,941 in fiscal Q2 2018 2018-01-29 11:14 MT - News Release Mr. James Matthews reports ARMADA RELEASES Q2 2018 RESULTS Armada Data Corp. has filed its interim financial results for the quarter ended Nov. 30, 2017, on SEDAR and they are available to view on SEDAR and the company's website. SELECTED QUARTERLY INFORMATION Fiscal year 2018 2018 2017 2017 2017 2017 2016 2016 Quarter Nov. 30, Aug. 31, May 31, Feb. 28, Nov. 30, Aug. 31, May 31, Feb. 29, ended 2017 2017 2017 2017 2016 2016 2016 2016 Total revenue $758,242 $777,838 $594,625 $568,029 $633,385 $595,147 $611,939 $534,779 Comprehensive income (loss) before taxes 166,941 199,064 (38,395) 51,733 117,741 144,743 175,057 79,419 Comprehensive income per share $0.01 $0.01 $0.00 $0.00 $0.01 $0.01 $0.01 $0.00 The prior periods' comparative figures have been reclassified, where necessary, to conform to the current year's presentation. Operations The company's total revenue increased by 20 per cent in the period ended Nov. 30, 2017, to $758,242 from $633,385 in the same period a year earlier. Comprehensive income increased to $166,941 in this quarter, up 42 per cent from $117,741 at Nov. 30, 2016. The insurance services division experienced an increase in revenue from $352,177 in the three months ended Nov. 30, 2016, to $382,744 in 2017, or by 9 per cent. The increase in revenue was the result of the concerted effort by the insurance division to process more claims faster. The company has combined the retail, dealer and advertising/marketing divisions into one segment, known as CarCostCanada, due to the fact that the revenues earned by these divisions come directly or indirectly from the CarCostCanada website and as the company has moved into free trial memberships, the business model for the former retail services division has changed. CarCostCanada revenue was up 31 per cent to $311,960 from $237,735 in 2016. An increase in dealer sales, along with the expansion into Quebec, accounts for this increase in revenue. The information technology (IT) division revenue increased by 46 per cent to $63,538 in the second quarter of fiscal 2018 ended Nov. 30, 2017, from $43,473 in the same quarter in fiscal 2017. The IT division continues to offer technical support and website hosting to hundreds of customers and is developing new customer relationships on a regular basis, as well as offering new services for sale. Expenses in this second quarter of fiscal 2018 before amortization increased to $581,435, compared with $505,866, a 15-per-cent increase over the same period last year. As a result of the income reported by the company in this quarter ended Nov. 30, 2017, the company's deficit decreased to $839,709 compared with $1,142,417 at the quarter ended Nov. 30, 2016. Earnings per share at Nov. 30, 2017, are one cent, unchanged from one cent per share at Nov. 30, 2016. Management does not plan on issuing any dividends until further notice. Segmented quarterly information Revenues earned by divisions were as shown in the attached table. Three months ended Three months ended Nov. 30, 2017 Nov. 30, 2016 Insurance services $ 382,744 $ 352,177 CarCostCanada 311,960 237,735 IT services 63,538 43,473 Total revenue -- Armada Data Corp. $ 758,242 $ 633,385 Outlook The company's outlook is to maintain its current growth pattern and to continue to find new ways to leverage and monetize its new car data, its up-to-date factory incentive platform and its customer list. The following is a short list of initiatives that Armada is building upon to add shareholder value: Continue to enhance the CarCostCanada new car data, display quality, and membership features and benefits; Build upon the existing CarCostCanada national on-line and traditional marketing and awareness programs as well as enhance the membership registration process; Forge new and sophisticated partnerships with its insurance company clients, car business suppliers and new car marketing agencies to grow the CarCostCanada membership base; Develop new first-to-the-market tools and features that will provide new car buyers with additional tools to improve their new car buying experience and relationships with their new car dealerships; Continue the company's growth pattern in the insurance services division by adding additional Canadian insurance companies to its client list. 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. © 2018 Canjex Publishing Ltd. All rights reserved.
