OneSoft Solutions Inc. (Formerly Serenic Corporation) Reports Financial Results for the Three Months Ended May 31, 2014
EDMONTON, ALBERTA--(Marketwired - July 29, 2014) -
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OneSoft Solutions Inc. (the "Company" or "OneSoft"), formerly Serenic Corporation ("Serenic"), (TSX VENTURE:SER), reports its financial results for the three months ended May 31, 2014.
Three months ended May 31 | ||||
2014 | 2013 | Increase / (Decrease | ) | |
$ | $ | % | ||
Revenue | 3,369,094 | 2,603,370 | 29.4 | |
Net loss | (210,037) | (317,052) | (33.8 | ) |
Basic and diluted loss per share | (0.02) | (0.02) | - | |
Adjusted EBITDA (1) | (132,440) | (238,254) | 44.4 | |
Adjusted EBITDA as % of sales | (3.9) | (9.2) | 57.0 | |
Weighted average common shares outstanding - basic | 13,961,958 | 14,639,646 | ||
Weighted average common shares outstanding - diluted | 13,961,958 | 14,724,023 |
(1) Adjusted EBITDA represents earnings before interest, taxes, depreciation, amortization, and stock option expense. Please review the Serenic Management Discussion and Analysis ("MD&A") for the Three months ended May 31, 2014 for more information