iWeb Group Inc. (TSX-V: IWB) posted its 2007 fiscal results (ended Sept 30th) just in time for the Christmas party.
How did iWeb do?
- Revenue was $9.8 million, an increase of 71% over 2006.
- Adjusted EBITDA was $2.8 million, 29% vs. 25% in 2006
- Gross profit margin was 57%, compared to 54%.
- Revenue improvement was driven solely by organic sales growth.
- 80% of revenue from dedicated hosting, shared and colo 10% ea.
What is in Eric Chouinard's (iWeb, President and CEO) Christmas stocking? Exactly what was at the top of his list, $4.1 million (net proceeds of a recent public offering) to build out the firm's 3rd data center in Montreal, should hold another 850 cabinets.
Above the iWeb water cooler the note stated "Le parti de Noël programme comme planifié."
"The Christmas party is scheduled as planned."
And in passing I also wish all the WHIR folk, the readers and all of your families a merry and safe Christmas - Tom
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New Commerce Communications
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