IBEX Technologies, Inc. announced the departure of Nancy Bisson as Director of Finance. Nancy left IBEX in order to pursue a new venture. Effective immediately, and until the appointment of a new Director of Finance, Paul Baehr, President and CEO will act as interim Director of Finance, in addition to his current duties.

IBEX Technologies, Inc. announced financial results for the second quarter and six months ended January 31, 2013. For the quarter, sales were totaled $741,666, an increase of 25% compared to the same period year ago. Despite this increase in sales, the company recorded a net loss of $459,993 compared to a net loss of $58,566 for the same period year ago. Cash, cash equivalents, and short-term investments totaled $1,721,860 compared to $2,846,909 as of October 31, 2012. For the six months, sales were totaled $1,496,004, an increase of 11% compared the same period in 2012. This result includes one month of sales from the newly acquired BRP. Net loss was $391,323 or $0.02 per share compared to net earnings of $86,186 or $0.00 per share in the same period last year. Loss before interests, tax, depreciation & amortization was $303,995 compared to earnings before interests, tax, depreciation & amortization of $147,786 a year ago. Cash, Cash Equivalents & short-term investments were $1,721,860 compared to $2,436,587 a year ago.

IBEX Technologies, Inc. reported earnings results for the first quarter ended October 31, 2012. For the quarter, the company reported earnings before interests, tax, depreciation & amortization was $100,243, net earnings of $68,670 on revenues of $754,338 against earnings before interests, tax, depreciation & amortization was $192,152, net earnings of $144,752 or $0.01 per share on revenues of $752,464 for the same period a year ago. The decrease in net earnings is attributable to a lower inventory allocation which is the impact of goods manufactured for sale in subsequent quarters.