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WANTED Technologies reports a 19.4% increase in revenue for the third quarter and a return to profitability

Business intelligence products for the Corporate Human Capital Management sector continue to gain traction.

  • $1,510,548 $1,264,699
  • $138,882 $271,861 $132,979
  • $17,094 $250,729 $267,823
  • $5.7 million March 31, 2012 $4.6 million

QUEBEC CITY May 23, 2012 $5.7 million March 31, 2012 $4.6 million

$1,510,548 $245,849 $138,882 $271,861

$17,094 $250,729 $267,823

Bruce Murray

In 2011, WANTED launched a new product platform designed to give Corporate Human Resource organizations real-time insight into the supply and demand for talent. These products make workforce planning, recruiting and competitive intelligence gathering more efficient.

"The new clients we signed during the quarter are some of the world’s leading global employers," said Murray. "We are dedicated to helping them make relevant, informed human capital decisions, based on insight into the market."

Phillips and Booz Allen Hamilton

March 31, 2012 $5.7 million dollars $4.6 million dollars March 31, 2011

WANTED’s decision to diversify its client base beyond Media clients has succeeded in replacing some of the lost recurring revenue. Gains have come from the Corporate, Staffing and Government sectors leading to a more stable recurring revenue base. These three sectors, represented together, at the end of the third quarter of fiscal 2012, approximately 58% of the total recurring revenue base compared to 46% a year ago. The Company’s partnership with The Conference Board positively contributed to this diversification.

   Three-month periods   Nine-month periods
   ended March 31,   ended March 31,
   2012   2011   2012   2011
   (unau dited)   (unaudited)   (una udited)   (unaudited)
   $   $   $   $
Revenues 1,510,548   1,264,699   4,213,524   3,890,884
Cost of sales  (132 ,967)   (143,700)   (363,115)   (470,307)
Gross margin  1,377,581   1,120,999   3,850,409   3,420,577
                
Expenses               
  Research and development, net of tax credits (492,372)   (481,002)   (1,534,708)   (1,308,699)
  Marketing and selling (551,720)   (548,439)   (1,699,691)   (1,506,216)
  Administrative (265,621)   (300,207)   (863,671)   (872,849)
  Other financial expenses (8,024)   (10,483)   (17,750)   (19,397)
  Other losses-net (1 83)       (183)   (2,297)
   (1,317 ,920)   (1,340,131)   (4,11 6,003)   (3,709,458)
Operating income (loss) 59,661   (219,132)   (265,594)   (288,881)
                
  Finance income 2,452   2,014   7,221   6,602
  Finance costs (3 0,474)   (33,358)   10 ,107   (92,537)
Finance costs-net  (28,022)   (31,344)   17,328   (85,935)
                
Income (loss) before income taxes  31,639   (250,476)   (248,266)   (374,816)
                
Current Income taxes  (34,114)   (19,822)   (97,511)   (57,315)
Deferred Income taxes  19,5 69   19,569   5 8,707   58,707
                
Net income (loss) and comprensive income (loss)  17, 094   (250,729)   (2 87,070)   (373,424)
                
Basic and diluted net income (net loss) per share  0.001   (0.010)   (0.012)   (0.016)

 

$1,329,648 $1,309,713 $4,098,070 $3,687,764 $410,306

$138,882 $271,861 $132,979 $71,190 $120,332

March 31, 2012 $17,094 $0.001 $250,729 $0.010 $267,823

$287,070 $373,424 $ 86,354

Financial position

March 31, 2012 $1,517,857 $1,065,507 $1,426,715 $1,183,931 June 30, 2011 $91,142 $118,424 $91,142 $216,444 $23,385 $104,938

$5,959,927 March 31, 2012 $195,838 $6,155,765 June 30, 2011 $92,133 $122,310 $18,605

March 31, 2012 www.sedar.com www.wantedtech.com Wednesday, May 23 rd

About WANTED Analytics™

Analytics™ Analytics™

Analytics™

About WANTED Technologies Corporation

Quebec City, Canada New York City June 2005 www.wantedanalytics.com

the United States

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Any statement that appears prospective shall not be interpreted as such.

 

SOURCE WANTED TECHNOLOGIES CORP.

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