International Datacasting Corporation announced a contract to support the U.S. Government, valued in excess of $1 million, for the expansion of its worldwide satellite broadcast network. The contract includes the selection of additional SuperFlex Pro Data receiver/routers for a centralized broadcast network that distributes encrypted data files and live streams to remote U.S. government agencies throughout the world. This solution enables the U.S. Government to optimize and expand its distribution network to additional global agencies. The receivers provide a highly secure and reliable network to deliver live streams and file-based programming to a large worldwide network of remote sites. This fully integrated solution allows for the reception of IP content over satellite via a secure, encrypted link and seamless distribution into the local LAN. As part of its SuperFlex networking solution, the company provides end-to-end secure networks to its global customer base.

International Datacasting Corporation announced audited consolidated earnings results for the Fourth Quarter and Fiscal Year Ended January 31, 2013. For the quarter, total revenues were CAD 6,149,435 against CAD 6,416,655 in the same period a year ago. Operating loss was CAD 1,069,006 against CAD 1,682,195 in the same period a year ago. Loss before income taxes was CAD 1,043,971 against CAD 1,661,752 in the same period a year ago. Net loss was CAD 1,046,296 or CAD 0.02 per basic and diluted share against CAD 1,735,464 or CAD 0.03 per basic and diluted share in the same period a year ago. Net cash applied to operating activities was CAD 186,397 against net cash provided by operating activities of CAD 67,308 in the same period a year ago. Purchase of capital assets was CAD 29,437 against CAD 48,092 in the same period a year ago. Adjusted LBITDA was CAD 238,019 against CAD 376,165 in the same period a year ago. For the full year, total revenues were CAD 29,235,682 against CAD 29,406,231 in the same period a year ago. Operating loss was CAD 1,002,407 against CAD 2,371,786 in the same period a year ago. Loss before income taxes was CAD 968,152 against CAD 2,331,644 in the same period a year ago. Net loss was CAD 1,015,495 or CAD 0.02 per basic and diluted share against CAD 2,358,662 or CAD 0.04 per basic and diluted share in the same period a year ago. Net cash applied to operating activities was CAD 3,090 against net cash provided by operating activities of CAD 957,143 in the same period a year ago. Purchase of capital assets was CAD 154,880 against CAD 502,755 in the same period a year ago. Adjusted EBITDA was CAD 1,264,589 against adjusted LBITDA of CAD 95,175 in the same period a year ago.

International Datacasting Corporation, Q4 2013 Earnings Call, Apr 30, 2013