Texada Software, Guelph, Ontario, Canada-based provider of equipment rental and mobile asset management software, last week posted a net loss of CAD $1.68 million (about U.S. $1.4 million) with an adjusted EBITDA loss of $0.71 for 2008. Revenue for the year was $4.28 million, compared with $4.04 in 2007.
Revenues for the fourth quarter were CAD $612,000 (about U.S. $512,000), compared with CAD $689,000 for the fourth quarter of 2007.
“While the fourth quarter of 2008 may have been disappointing for Texada from a financial results perspective, we enter 2009 with a very healthy customer base, a strong slate of products and services, exceptional partnerships and a Texada team with renewed focus on meeting and exceeding our customers’ expectations,” said Texada’s Brian Spilak.
