Quarterly Summaries

All amounts in millions of USD $ except gross Margin and EPS amounts

2015 Mar.31, 2015 Jun. 30, 2015 Sep. 30, 2015 Dec. 31, 2015
Revenues  $8.4  $9.0    
GM(%)  40  39    
Adjusted EBITDA(1)  $0.9  $1.2    
Net Profit  $0.6  $0.7    
EPS(2)   $0.10  $0.12    
2014 Mar.31, 2014 Jun. 30, 2014 Sep. 30, 2014 Dec. 31, 2014
Revenues  $9.1  $9.6  $8.1  $9.4
GM(%)  41  42  41  35
Adjusted EBITDA(1)  $1.5  $1.3  $1.0  $0.70
Net Profit  $2.2  $1.0  $1.0  $0.05
EPS(2)   $0.38  $0.17  $0.17  $0.10
2013 Mar.31, 2013 Jun. 30, 2013 Sep. 30, 2013 Dec. 31, 2013
Revenues $8.4  $8.6  $8.8  $10.7
GM(%) 40  43  41   30
Adjusted EBITDA(1)  $0.8  $0.8  $1.4  $2.1
Net Profit  $0.4  $0.9  $0.7  $1.7
EPS(2)  $0.07  $0.16  $0.12  $0.29
2012 Mar.31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenues $10.4  $10.4  $11.0  $10.6
GM(%) 44  42  41  44
Adjusted EBITDA(1) $1.16 $0.73  $1.66  $1.27
Net Profit $0.50  $2.8  $1.0  $0.9
EPS(2) $0.09  $0.48  $0.17  $0.15
2011 Mar.31, 2011 Jun. 30, 2011 Sep. 30, 2011 Dec. 31, 2011
Revenues $8.6 $8.4 $11.3 $9.5
GM(%) 44 42 45 41
Adjusted EBITDA(1) $1.09  $0.41  $1.79  $0.92
Net Profit (loss) ($0.19) ($0.29) $1.10 ($0.22)
EPS(2) $0.03 ($0.05) $0.19 ($0.04)
2010(3) Mar.31, 2010 Jun. 30, 2010 Sept. 30, 2010 Dec. 31, 2010
Revenues $4.9 $5.2 $4.5 $5.7
GM(%) 48 51 48 43
Net Profit $0.51 $0.83 $0.60 $0.20
EPS(2) $0.10 $0.15 $0.11 $0.04
2009 Mar.31, 2009 Jun. 30, 09
Sept. 30, 2009
Dec. 31, 2009
Revenues $5.0 $4.9 $5.1 $6.3
GM(%) 49 50 48 50
Net Profit $0.83 $0.24 $0.64 $1.28
EPS(2) $0.15 $0.04 $0.11 $0.22
2008 Mar.31, 2008 Jun. 30, 2008 Sept. 30, 2008 Dec. 31, 2008
Revenues $2.93 $3.96 $4.89 $6.3
GM(%) 51 50 48 56
Net Profit $0.01 $0.13 $0.74 $1.3
EPS(2) $0.00 $0.02 $0.14 $0.24

       
2007 Mar.31, 2007 Jun. 30, 2007 Sept. 30, 2007 Dec. 31, 2007
Revenues $3.76 $4.12 $3.77 $4.73
GM(%) 53 59 50 47
Net Profit $0.46 $0.53 $0.17 $0.23
EPS(2) $0.09 $0.10 $0.03 $0.05

       
2006 Mar.31, 2006 Jun. 30, 2006 Sept. 30, 2006 Dec. 31, 2006
Revenues $2.57 $3.32 $2.78 $4.78
GM(%) 39 47 23 48
Net Profit ($1.57) ($1.94) ($1.79) $0.47
EPS(2) ($0.36) ($0.20) ($0.38) $0.10

       

(1) Management uses non-IFRS measures, EBITDA and Adjusted EBITDA as supplemental measures to evaluate the performance of the Company. EBITDA is defined as earnings before income tax expense, financing costs, depreciation and amortization. Adjusted EBITDA is defined as EBITDA adjusted with foreign exchange gain or loss, corporate development costs, write-down of inventory, impairment charges or recoveries, discontinued operations and other non-cash charges. Corporate development costs are predominately external costs incurred to pursue acquisitions.

(2) On January 16, 2015, the Company consolidated its outstanding common shares on the basis of one new common share for every ten existing common shares. The earnings per share (EPS) figures presented reflect the share capital consolidation on a retroactive basis.

(3) 2010 amounts have been restated in accordance with IFRS. The company adopted IFRS on Jan 1, 2011.

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