RDM Reports a Sales Surge

Article Excerpt

RDM CORPORATION $5.07 (Toronto symbol RC; SI Rating: Speculative) (519-746- 8483; www.rdmcorp.com; Shares outstanding: 21.1 million; Market cap: $106.9 million) reports 134.5% higher revenues in the three months ended December 31, 2006, to a record $11.7 million from $5 million. Earnings per share were $0.06 a share in the quarter, compared to nil per share a year earlier. The improved results came partly from the success of its Image & Transaction Management System. This system lets bank customers scan all types of cheques, and then route them to any location, such as their bank for immediate processing. Transaction volumes for the system averaged 995,000 items per week during the latest quarter, compared to 550,000 items per week a year earlier, and 859,000 items in the previous quarter. RDM spent $969,000 or 8% of revenues on research and development in the latest quarter. RDM is a buy. buy…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.