essu
engineered products are
software to provide "Next
2002. Net earnings after tax for the quarter decreased to $230,977 from
$583,431 in the same period in 2002. Basic earnings per share for the quarter
Quarter ended December 31, 2004
Contact : Terry Krepiakevich, CFO
the pound sterling exchange rate for the quarter ended December 31, 2002 held
and extreme temperatures.
increase of 17%.
NEWS RELEASE : February 26, 2004
em
Email: Investor@ExtremeCCTV.com
© Extreme CCTV 2004
to $1.31 Canadian for the quarter under review. Revenues in the current quarter would have
earnings per share were $.05 ($.04 diluted).
me
Extreme CCTV's ZX55, shown
approximately $6.1 million if the exchange rate had remained constant on a
million for the quarter ended December 31, 2002. The resulting gross margin was $2.6 million
before income taxes and other items decreased to $306,679 for the quarter
the Canadian market important and will continue to pursue new market opportunities.
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during the period ended December 31, 2003, is that revenue would have been
compared to $5.2 million for the quarter ended December 31, 2002. Earnings
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comparative basis with the previous quarter ended December 31, 2002, for an
Q1-04_Financial_Statement_and_MDA_web_v1.doc
such as object tracking, object
The overall impact of the US dollar and UK pound sterling currency fluctuations
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Sales in Canada have decreased in the quarter ended December 31, 2003 to
Extreme CCTV's precision
Cost of sales for the quarter ended December 31, 2003 were $2.8 million compared to $2.7
ANALYSIS
3% over revenues of $5.2 million for the three months ended December 31, 2002. This was a
end 2003 was $.02 ($.02 diluted), and for the three months ended 2002 basic
partner QuickSet, can be
December 31, 2002, was $2.26 Canadian on average for the quarter ended December 31,
Revenues for the three months ended December 31, 2003 were $5.4 million, an increase of
ep
February 26, 2004
certified for performance in
been approximately $500,000 higher, had the US dollar exchange rate for the quarter ended
Toll Free 1.888.409.2288
for both December 31, 2003 and December 31, 2002, for a gross margin percentage of 48%
Kingdom. The pound sterling, which on average stood at $2.46 Canadian for the quarter ended
2003. Revenues in the current quarter would have been approximately $200,000 higher, had
TO OUR SHAREHOLDERS
here with PT Motor from alliance
Symbol: TSX: EXC
Furthermore, approximately 42% of our revenue is derived from Europe and the United
and 49%, respectively.
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$348,000 from $524,000 in the quarter ended December 31, 2002. We still consider
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Approximately 51% of revenue is denominated in US dollars. During the quarter ended
identification and scene analysis.
December 31, 2002 the value of the US dollar was on average at $1.56 Canadian, as opposed
Precision Engineered Opto-Electronics
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of a challenging foreign exchange environment, as discussed below.
www.ExtremeCCTV.com
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ended December 31, 2003 from $782,837 for the quarter ended December 31,
Gross Margin
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(all figures in $CDN)
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record quarter for unit sales, and equalled our best ever previous quarterly revenue, in the face
Revenues for the quarter ended December 31, 2003 were $5.4 million as
Revenue and Currency Fluctuations
steady during the quarter ended December 31, 2003.
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December 31, 2002 held steady during the quarter ended December 31, 2003.
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