TORONTO, April 2,
2024 /CNW/ - NamSys Inc. (TSXV: CTZ), a leading
provider of technology for cash processing and transportation,
today announced its financial results for the first quarter of
fiscal 2024 ended January 31, 2024.
All amounts referenced herein are in Canadian dollars.
First Quarter Highlights (for the three months ended
January 31, 2024 compared to
January 31, 2023)
- Revenue of $1,584,272, compared
to $1,497,364, an improvement of
6%.
- Net income for the quarter was up 12% to $425,584 ($0.02 per
share) from $378,864 ($0.01 per share).
- The Company purchased and cancelled an additional 120,300
common shares. A total of 187,300 shares have been purchased and
cancelled as part of the Normal Course Issuer Bid that commenced
August 30, 2023.
"I'm proud of our team's dedication to product quality and
delivering unparalleled support to our customers," commented
Jason Siemens, President &
CEO.
The financial statements and Management's Discussion and
Analysis for the fiscal quarter ended January 31, 2024 are available under the
Company's profile on SEDAR at www.sedarplus.ca.
NamSys Inc. products are designed to bring efficiency to the
processing of currency and other value instruments in retailers,
financial institutions, and cash-in-transit providers. NamSys'
proprietary systems for this market are sold as
software-as-a-service subscriptions and operate in the public cloud
service providers.
The TSX Venture Exchange has neither approved nor disapproved of
the information contained in this release. This Media Release may
contain forward-looking statements, which reflect the Corporation's
current expectations regarding future events. The forward-looking
statements involve risks and uncertainties. Actual events could
differ from those projected herein and depend on a number of
factors including the success of the Corporation's sales
strategies.
SOURCE NamSys Inc.