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Xenos Group Inc. (XNS.TO) Reports Profit in Fiscal 2009

Xenos Group Inc. reported net income of $1.2 million, or $0.12 per share, in fiscal 2009 (ended 9/30/09). This was down slightly from the $1.5 million, or $0.15 per share, the company earned in fiscal 2008. (All figures in Canadian dollars)

Xenos Group Inc. did see positive improvement in two important financial categories: revenues and earnings before interest, taxes, depreciation and amortization (EBITDA). Revenues increased to $17.25 million in fiscal 2009 from $15.9 million in fiscal 2008. EBITDA jumped to $2.45 million from $2.1 million, over the same time frame.

Xenos Group Inc. also saw its balance sheet improve during the fiscal year. The company increased its cash at year-end to $9.3 million, or $0.93 per share, up from $8.1 million at the end of fiscal 2008. The company has no significant debt.

Xenos Group Inc. writes and sells software and services for corporations to manage information supply chains. These include data and document management solutions to help increase efficiency. The company’s most recent product is the Xenos Enterprise Server ™, which helps customers manage information flows.

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