Canadian Technology Stocks and Startups
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 [...]
Toronto’s 500px has long cultivated a reputation as a more highbrow competitor to its photo-sharing cousins Flickr and Instagram. And while the company has successfully maintained a specialist cachet, it is no longer possible to regard 500px as a niche service for fine art photographers, owing to the massive traction it has achieved in recent [...]
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 [...]
PI analyst Pardeep Sangha says Solium Capital (TSX:SUM) is showing signs of success in integrating its recent acquisitions. On 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. Sangha says Solium’s Q1 beat his expectations for revenue and for adjusted [...]
Ackroo (TSXV:AKR) this morning reported its Q1, 2013 numbers. The Ottawa-based company’s nearly doubled its revenue, but still posted a loss as it rolls out its loyalty platform aimed at small and medium-sized businesses. Ackroo lost $1.55-million on revenue of $230,992. The company’s topline was up from $122,915 in the same period a year prior. [...]
Your doctor walks in to the patient room toting an iPad. He chats for a bit, inspects your latest run in with a kitchen knife, and then pulls up your entire medical history with a couple taps on the screen. He does a check for contraindications with your current medications before prescribing you some painkillers [...]
Cormark analyst Richard Tse says a return to license growth in Q3 suggests OpenText’s (TSX:OTC) organic growth strategy is working. OpenText’s third quarter, which it reported yesterday, fell short of both his and the street’s expectations. Revenue came in at $337.7-million, and earnings at $1.26. The street expected $346-million and $1.31, and Cormark $352 and [...]
Cantor Fitzgerald analyst Tom Liston says the upcoming Q3 might be tough sledding for OpenText (TSX:OTC). On Wednesday, after market close, the Waterloo-based software concern will report its Q3 fiscal 2013 results. The company is coming off a Q2 in which it reported net income of $61.1 million or $1.04 per share, which was up [...]
Is Canadian tech’s move to the public markets finally becoming something more than a trickle? On Friday, another established tech, ViXS Systems, announced that it would go public in a capital pool transaction. The move follows the recently announced IPO of Halogen Software and the reverse merger listing of Terry Matthew’s Magor Corp. The output [...]
M Partners analyst Ron Shuttleworth says the Solium Capital’s (TSX:SUM) acquisition of IP from Computershare could be impactful, but not right away. Yesterday, Solium announced that it would the acquire the RSSOne property from former shareholder Computershare for an undisclosed amount. The pickup consists of a suite of services for Rule 10b5-1 and Rule 144 [...]
