Tecsys Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended January 31, 2013. For the quarter, the company's total revenue was CAD 10,384,000 against CAD 10,595,000 a year ago. Loss from operations was CAD 464,000 against profit from operations of CAD 378,000 a year ago. Loss before income taxes was CAD 556,000 against income before income taxes of CAD 305,000 a year ago. Loss attributable to the owners of the company was CAD 543,000 or CAD 0.05 basic and diluted per common share against profit attributable to the owners of the company of CAD 305,000 or CAD 0.03 basic and diluted per common share a year ago. Net cash from operating activities was CAD 540,000 against CAD 1,696,000 a year ago. Acquisitions of property and equipment were CAD 73,000 against CAD 864,000. EBITDA for third quarter 2013 was negative at CAD 28,000 compared to EBITDA of CAD 755,000 in the third quarter of last fiscal year. For the quarter, the company's total revenue was CAD 32,642,000 against CAD 28,697,000 a year ago. Profit from operations was CAD 1,012,000 against CAD 720,000 a year ago. Profit before income taxes was CAD 709,000 against CAD 584,000 a year ago. Profit attributable to the owners of the company was CAD 704,000 or CAD 0.06 basic and diluted per common share against CAD 584,000 or CAD 0.05 basic and diluted per common share a year ago. Net cash from operating activities was CAD 525,000 against CAD 646,000 a year ago. Acquisitions of property and equipment were CAD 649,000 against CAD 1,200,000. EBITDA for the first nine months of 2013 increased 23% to CAD 2,218,000, compared to CAD 1,802,000 for the same period of 2012. Excluding auction expenses, net profit increased 46% to CAD 977,000 or CAD 0.08 per share, compared to CAD 668,000 or CAD 0.06 per share. The company also announced that the company's board of directors has declared a semi-annual dividend of CAD 0.035 per share, to be paid on March 29, 2013 to shareholders of record on March 15, 2013.

Tecsys Inc. announced unaudited consolidated earnings results for the second quarter and six months ended October 31, 2012. For the quarter, the company reported total revenue of CAD 10,748,000 against CAD 9,099,000 for the same period a year ago. Profit from operations was CAD 428,000 against CAD 170,000 for the same period a year ago. Profit before income taxes was CAD 128,000 against CAD 133,000 for the same period a year ago. Profit attributable to the owners of the company and comprehensive income for the period was CAD 122,000 or CAD 0.01 basic and diluted per share against CAD 133,000 or CAD 0.01 basic and diluted per share for the same period a year ago. Net cash used in operating activities were CAD 918,000 against CAD 952,000 for the same period a year ago. Acquisitions of property and equipment were CAD 198,000 against CAD 190,000 for the same period a year ago. Acquisitions of other intangible assets were CAD 18 against CAD 41,000 a year ago. EBITDA was increased to CAD 613,000 compared to CAD 517,000 in last fiscal year. For the six months, the company reported total revenue of CAD 22,258,000 against CAD 18,102,000 for the same period a year ago. Profit from operations was CAD 1,476,000 against CAD 342,000 for the same period a year ago. Profit before income taxes was CAD 1,265,000 against CAD 279,000 for the same period a year ago. Profit attributable to the owners of the company and comprehensive income for the period was CAD 1,247,000 or CAD 0.11 basic and diluted per share against CAD 279,000 or CAD 0.02 basic and diluted per share for the same period a year ago. Net cash used in operating activities were CAD 15,000 against CAD 1,050,000 for the same period a year ago. Acquisitions of property and equipment were CAD 576,000 against CAD 336,000 for the same period a year ago. Acquisitions of other intangible assets were CAD 107 against CAD 105,000 a year ago. EBITDA for the first half, 2013 reached CAD 2,246,000 compared to CAD 1,047,000 for the first half of 2012.

Tecsys Inc. announced that it has completed a financing agreement of up to $10 million with the National Bank of Canada to support the company's growth. The $10 million financing agreement includes: A five-year $5.0 million term loan. A $5.0 million operating line of credit.