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Texada Posts 2009 Revenue Increase

Equipment rental software provider Texada posted a 3.7-percent revenue increase in 2009, with total revenues of CA $4.44 million (about U.S. $4.39 million), compared with $4.28 million in 2008. Adjusted EBITDA was $0.56 million, compared with a loss of $0.71 million in 2008.

Gross profit in 2009 was CA $3.72 million, compared with $3.56 million in 2008, a 4.3-percent increase. Operating expenses declined by more than CA $1.1 million.

“We are very proud of Texada’s accomplishments in 2009,” said president and CEO Brian Spilak. “The company achieved record operating results while maintaining a passionate focus on meeting the needs of our customers and employees. The past year was about a concerted focus on the areas that we could influence and control while preparing for the expected economic recovery in 2010.

“With recent new partnerships into the construction asset management sector and positive changes to the organization and product set, we are optimistic that we will continue to leverage our new operating model to facilitate further profitable growth in the upcoming year.”

Texada Software is based in Guelph, Ontario, Canada.

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