Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
SAND Technology Announces Results for Fiscal Year 2012

MONTREAL, Nov. 28, 2012 /PRNewswire/ -- SAND Technology Inc. (OTCBB:SNDTF.OB) today reported a net income for the year ended July 31, 2012 of $2,803,697 on revenues of $2,500,228. Net income for the year includes a gain of $8,571,967 on the sale of the Company's SAP Information Lifecycle Management (ILM) Product Line to Informatica Corporation realized in the first quarter of fiscal 2012.

During the year ended July 31, 2011 the Company incurred a net loss of $2,206,992 on revenues of $4,633,693.

The Company reported an operating loss, before foreign exchange, interest and earnings from discontinued operations, for the year ended July 31, 2012 of $5,349,862 compared with an operating loss, before foreign exchange, interest and earnings from discontinued operations of $3,290,333 for the year ended July 31, 2011. 

For the three months ended July 31, 2012, the Company reported a net loss of $1,344,685 on revenues of $312,499 compared to net loss of $876,302 on revenues of $532,540 for the three months ended July 31, 2011.

The Company reported an operating loss, before foreign exchange, interest, earnings from discontinued operations and gain on sale of discontinued operations of $1,586,265 for the three months ended July 31, 2012 compared with an operating loss, before foreign exchange, interest and earnings from discontinued operations of $1,620,755 for the three months ended July 31, 2011. 

All figures are in Canadian dollars.

As previously announced, the Company's board of directors has taken steps to reduce the Company's current cost of operations as it continues to evaluate its strategic options, with the objective of maximizing value for shareholders.  There can be no assurance, however, that the strategic review will result in any specific transaction.

About SAND Technology

SAND revenues consist of license fees for software products and fees for a range of associated services, including software maintenance and support, training and system implementation consulting. SAND Technology has offices in the United States, Canada, UK and Germany and can be reached online at www.sand.com.

SAND Technology, SAND CDBMS, Nucleus, N-Vector, and MPSO are registered trademarks, and SAND/DNA,  SAND/DNA Analytics, SAND/DNA aCRM, SAND Analytic Server,  SAND Extensible Warehouse, and all related SAND-, SAND/DNA, and Nucleus-based marks and designs, are trademarks of SAND Technology Inc. Other trademarks remain the property of their respective owners.

Caution Concerning Forward Looking Statements

Certain statements contained in this press release are "forward looking statements" within the meaning of the United States Securities Act of 1934 and of the United States Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995 or as "forward looking information" under Canadian securities legislation (collectively, "forward looking statements").  The forward-looking statements are intended to be subject to the safe harbour protection provided by these Acts. We have based these forward-looking statements on our current expectations and projections about future results, levels of activity, events, trends or plans. Such forward-looking statements are not guarantees and by their nature are subject to known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of SAND to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. All forward looking statements included in this press release are based on current expectations and on information available to SAND on the date of this press release. For a more detailed discussion of these risks and uncertainties and other business risks, see SAND's current Annual Report and SAND's reports to the Securities and Exchange Commission (filed on EDGAR at www.sec.gov) and the Canadian securities authorities (filed on SEDAR at www.sedar.com). You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made. Except as required by applicable laws, we undertake no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated events.

Financial Highlights

The consolidated financial statements of the Company for the year ended July 31, 2012 and 2011 and the notes thereto are presented in accordance with International Financial Reporting Standards ("IFRS").

The following financial information is expressed in Canadian dollars and is derived from the consolidated financial statements which have been audited by the Company's independent auditors, Raymond Chabot Grant Thornton L.L.P., for the fiscal years ended July 31, 2012, July 31, 2011. The following financial information should be read in conjunction with the consolidated financial statements of the Company and notes thereto and the information included in the Annual Report of the Company.

Results of Operations





























Year Ended July 31,



Results of Operations





2012


2011














Revenue






$ 2,500,228


$  4,633,693



Cost of sales and product support




1,099,741


1,092,995



Gross profit





1,400,487


3,540,698














Operating expenses










   Research and development costs, net 



1,441,537


1,223,963



   Selling, general and administrative



5,308,812


5,607,068









6,750,349


6,831,031



Operating loss





(5,349,862)


(3,290,333)



Net finance expense





698,068


370,023



Loss from continuing operations




(6,047,930)


(3,660,356)



Gain on sale of discontinued operations



8,571,967


-



Earnings from discontinued operations, net of tax 


279,660


1,453,364



Net income (loss) and comprehensive income (loss)

$ 2,803,697


$ (2,206,992)














Basic income (loss) per share




$          0.14


$          (0.13)



Basic weighted average number of common shares


19,466,896


17,048,978































As at July 31,

Financial Position





2012


2011


2010

Cash






$    811,655


$     810,745


$   579,270

Working Capital (deficiency)




97,140


(1,248,354)


(982,935)

Total assets





3,212,678


2,215,227


2,117,443

Total liabilities





3,148,647


5,579,561


5,110,046

Shareholders' equity (deficiency)




64,031


(3,364,334)


(2,992,603)

SOURCE SAND Technology Inc.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Cloud Developer Stories
The Internet of Things needs an entirely new security model, or does it? Can we save some old and tested controls for the latest emerging and different technology environments? In his session at Internet of @ThingsExpo, Davi Ottenheimer, EMC Senior Director of Trust, will review ...
Telehealth legislation opened the floodgates for investment in modern communications services and APIs since 2010. WebRTC promises a second revolution. In his session at 2nd WebRTC Summit, Ivelin Ivanov, co-founder of TeleStax, will discuss a real-world example where telephony AP...
While great strides have been made relative to the video aspects of remote collaboration, audio technology has basically stagnated. Typically all audio is mixed to a single monaural stream and emanates from a single point, such as a speakerphone or a speaker associated with a vid...
Appcore automates the business of cloud computing by delivering cloud automation management platforms for enterprise private clouds and service provider public clouds. Appcore AMP™ is cloud automation designed to simplify cloud environments through a single management and monitor...
We are reaching the end of the beginning with WebRTC and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service - possibly built on a ...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE