Navtech Reports 41 Per Cent Annual Revenue Growth in Fiscal 2005.WATERLOO, Ontario Coordinates: Waterloo is a city in Ontario, Canada. It is the smallest of the three cities in the Regional Municipality of Waterloo, and is adjacent to the larger city of Kitchener. -- Achieves 71 per cent increase in earnings and 16th consecutive quarter of profitability Attention: Business Editors Navtech, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :NAVH NAVH National Association for the Visually Handicapped ), a leading international provider of flight operations software and services, today announced its 16th consecutive quarter of profitability and increased earnings for the year ended October 31, 2005.
Financial Highlights (USD)
Year ended October 31,
2005 2004
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Revenue $ 11,143,000 $ 7,901,000
Operating expenses 10,530,000 7,668,000
Income from operations 613,000 232,000
Net earnings 673,000 394,000
EPS - Basic 0.14 0.09
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End of period stock price $2.80 $1.07
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Revenue increased 41 per cent to $11.1 million in fiscal year 2005 from $7.9 million in 2004. Subscription-based recurring revenues increased 14 per cent from 2004 and accounted for 73 per cent of total revenue in 2005. Net Earnings for the year increased 71 per cent to $673,000, compared to $394,000 in 2004. "This was a very exciting year for Navtech," said David Strucke, Navtech's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We realized significant growth in our customer base for our dispatch and crew management products and were successful in continuing to broaden our geographic reach." "We are very optimistic about our prospects for 2006 following our recent acquisition of European Aeronautical aer·o·nau·tic also aer·o·nau·ti·cal adj. Of or relating to aeronautics. aer o·nau Group," added Mr.
Strucke, "The addition of aeronautical charts and navigation data
services to our product portfolio has dramatically enhanced our position
as one of the world's leading providers of flight operations
software and services."2005 Operational Highlights: - Increased customer base for Crew Management Systems, including contracts with Delta Air Lines, Air Canada, Hawaiian Airlines Hawaiian Airlines is the 11th largest commercial airline in the United States. It is the largest airline based in the State of Hawai'i and is commonly referred to by the acronym "HAL". , Frontier Airlines This article is about Frontier Airlines that was founded in 1994. For the company known as Frontier Airlines from 1950 to 1986, see Frontier Airlines (1950-1986). For the similarly named Frontier Flying Service see Frontier Flying Service. and Mesa Air Group Mesa Air Group (NASDAQ: MESA) is a Nevada Corporation[1] commercial aviation holding company with headquarters in Phoenix, Arizona. The company operates three regional airline subsidiaries: Mesa Airlines, Freedom Airlines, and Air Midwest, and five supporting - Established a significant market presence in Asia-Pacific with new Dispatch product customers including Air Asia (Malaysia), EVA Eva to marry winner of singing contest. [Ger. Opera: Wagner, Meistersinger, Westerman, 225–228] See : Prize 1. Eva - A toy ALGOL-like language used in "Formal Specification of Programming Languages: A Panoramic Primer", F.G. Airways (Taiwan), Orient-Thai (Thailand), and Air Sahara (India) - Continued development of the European market with new contracts or completed implementations of Dispatch customers including Thomas Cook (Netherlands), TNT Airways (Belgium) and PGA (1) (Professional Graphics Adapter) An early IBM PC display standard for 3D processing with 640x480x256 resolution. It was not widely used. (2) (Programmable Gate Array) See gate array and FPGA. Portugalia (Portugal) - Further developed several supplementary dispatch and crew products including C.G.Pro(TM) (integrated weight and balance), DispatchExpress(TM) (dispatch information system), ClassTrade(TM) (crew peer schedule swapping) and ClassVacation(TM) (crew vacation bidding) About Navtech, Inc. Navtech creates and supports superior flight operations software and services for airlines. Navtech's products provide airlines with a competitive edge by facilitating significant cost savings in fuel consumption and crew planning, two areas that represent a majority of an airline's variable operating expenditures. With more than 250 airline customers around the world, Navtech's products directly support millions of flights around the globe each year. Navtech's product portfolio includes aeronautical charts, navigation data, flight planning, crew planning, runway analysis, and weight & balance systems. Navtech has more than 250 employees with offices in the United States, Canada, Sweden, the United Kingdom and Singapore. FORWARD-LOOKING STATEMENTS: This release may include forward-looking statements concerning the Company's intent, belief or current expectations with respect to, among other things, trends affecting its financial condition or results of operations and its business and growth strategies. Such forward-looking statements are based upon assumptions that may not be correct, are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from those projected, expressed or implied. The Company does not undertake any obligation to update or revise any forward-looking statements. All forward-looking statements are subject to the risks and uncertainties detailed in the Company's filings with the Securities and Exchange Commission, including those set forth under "Other Considerations" in the "Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial or Plan of Operation" section of the Company's Annual Report on Form 10-KSB for the year ended October 31, 2005. Navtech, Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :NAVH) |
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