Canadian Technology Stocks and Startups
Byron Capital analyst Rob Goff says he likes Telus’s (TSX:T) proposed acquisition of Mobilicity. Yesterday, Telus announced it had entered into an agreement with the struggling upstart carrier to acquire it for $380-million. Mobilicity, which was founded as DAVE Wireless, entered the Canadian market after a 2008 spectrum auction for AWS frequencies. The company paid [...]
M Partners analyst Ron Shuttleworth says Guestlogix’s (TSX:GXI) Q2 results should be better than its recently announced Q1, owing to a rapidly improving deal pipeline. On Wednesday, Guestlogix reported its Q1, 2013 results. The company lost (U.S.) $1.2-million on revenue of $7-million, which was up from $5.6-million in the same period a year prior. CEO [...]
The first big Canadian tech IPO since Vancouver’s Avigilon will begin trading tomorrow, when Ottawa-based Halogen Software begins life under the ticker symbol “HGN”. But with a TSX tech sector that is on steroids of late, Halogen, a cloud-based provider of employee performance appraisals, likely won’t have to wait as long for company as Avigilon [...]
Cantor Fitzgerald analyst Tom Liston says QHR Technologies’ (TSX:QHR) recurring revenue provides a great foundation for the company’s future growth. This morning, QHR reported its Q1, 2013 financials. The company earned $182,445 on revenue of $8.4-million, a 14% increase over the same period last year. CEO Al Hildebrandt said he was happy with the company’s [...]
Jacob Securities analyst Sameet Kanade says DHX Media’s (TSX:DHX) integration of Cookie Jar Entertainment is going better than he expected. Yesterday, before market open, DHX reported its Q3, 2013 financial results. The company earned $906,000 on revenue of $31.23-million, which was up 88% from the $16.62-million topline the company posted in the third quarter of [...]
Sales of Merus Labs’ (TSX:MSL) Enablex-Emselex product were down quarter over quarter, but the stock is still undervalued, says Byron Capital Healthcare and Biotech analyst Douglas Loe. Yesterday, after market, Merus reported its Q2, 2013 financial results. The company lost $2.29-million on revenue of $5.84-million. Loe notes that sales of urinary continence drug Enablex-Emselex in [...]
Cormark analyst Richard Tse says a few months after the unveiling of its new operating system, BlackBerry (TSX:BB) is building undeniable momentum. Tse, who is currently in Orlando attending BlackBerry’s annual user conference, BlackBerry Live, says this year’s event is a full 180 degree turnaround from last year’s “tenuous” event. He says BlackBerry is showcasing [...]
M Partners analyst Ron Shuttleworth says Solium Capital (TSX:SUM) is “crushing expectations”. Last Tuesday, before market, Solium reported its Q1, 2013 results. The company earned $2.67-million on revenue of $18.2-million, up 43% from the last year’s Q1. Shuttleworth says Solium’s Q1 revenue exceeded his topline expectation of $14.8-million by 23%. He says two key drivers [...]
Look for the expansion of Redline Communication’s (TSX:RDL) order backlog to begin to hit its bottom line, says Cantor Fitzgerald analyst Tom Liston. Tomorrow, before market open, Redline will report its Q1, 2013 results. Liston expects the company’s topline will come in at $9.9 million, which is lower than consensus estimate of of $10.5 million. [...]
After watching its share price tumble for more than a year, Byron Capital analyst Rob Goff says Mood Media (TSX:MM) is getting back on the right track. Last Thursday, the company reported its Q1, 2013 numbers. Mood lost (U.S.) $8.72-million on revenue of $129-million, a topline that was up 54% over the same period a [...]
