DDS Wireless Reports 11% revenue growth & $6.7 million EBITDAS(1) and Declares Cash Dividend
|Fourth Quarter 2011 ||Full Year 2011 |
|Revenue of $12.5 million ||Revenue of $45.7 million |
|Net income of $0.7 million, or $0.05 per share ||Net income of $2.5 million, or $0.18 per share |
|EBITDAS(1) of $1.8 million, or $0.13 per share ||EBITDAS(1) of $6.7 million, or $0.49 per share |
Richmond, BC, March 8, 2012 - DDS Wireless International Inc. (TSX: DD), a world leader in providing wireless data solutions for fleet management for more than 20 years, today reported financial results for the fourth quarter and fiscal year ended December 31, 2011 and announced that the Company's Board of Directors has approved a cash dividend on the Company's common shares ("Shares"). All financial information is expressed in Canadian ("CDN") dollars and has been prepared in accordance with International Financial Reporting Standards ("IFRS"), except as otherwise noted.
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