pni digital media inc (PN) Snapshot

PNI Digital Media announced it has added access to SkyDrive through its PNI Digital Media Platform, further improving its cloud media integration. SkyDrive is Microsoft's private cloud technology with over 250 million users. Customers interacting with the PNI Digital Media Platform through retailer branded sites can instantly access and print their digital photos stored across a number of cloud storage sites including Dropbox, Facebook, Instagram, Google+ Photos, Google Drive, Flickr and now SkyDrive. Images stored on any of these sites can be seamlessly printed at the customers preferred retail location and be ready for pick-up in as little as an hour.

PNI Digital Media Inc. announced consolidated financial results for the second quarter and six months ended March 31, 2013. For the quarter, the company reported revenue of CAD 4,033,516 against CAD 5,005,226 a year ago. The decrease in revenue was predominantly due to the renegotiation and extension of certain customer agreements, which in some instances has resulted in lower transaction fees for certain products. Loss from operations was CAD 1,808,410 against CAD 767,174 a year ago. Loss before income tax was CAD 1,417,403 against CAD 921,529 a year ago. Loss for the period was CAD 1,417,403 or CAD 0.04 per diluted share against CAD 360,711 or CAD 0.01 per diluted share a year ago. Adjusted LBITDA was CAD 1,333,768 or CAD 0.04 per diluted share against CAD 39,233 a year ago. For the six months period, the company reported revenue of CAD 10,589,498 against CAD 11,955,602 a year ago. Loss from operations was CAD 1,998,850 against profit from operations of CAD 163,473 a year ago. Loss before income tax was CAD 1,736,435 against profit before income tax of CAD 114,963 a year ago. Loss for the period was CAD 1,736,435 or CAD 0.05 per diluted share against profit of CAD 679,512 or CAD 0.02 per diluted share a year ago. Adjusted LBITDA was CAD 1,075,936 or CAD 0.04 per diluted share against adjusted EBITDA of CAD 1,650,962 or CAD 0.05 per diluted share a year ago.

PNI Digital Media Inc. announced that they will report Q2, 2013 results at 5:00 PM, Eastern Standard Time on May 14, 2013