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Revenues Jump 136% as Syscan Signals Strong Growth.

Publication: Business Wire
Publication Date: 30-NOV-04
Format: Online
Delivery: Immediate Online Access

Article Excerpt
MONTREAL -- Syscan International Inc. (TSX-V:SYA)today announced its results for the first quarter of fiscal 2005 (September 30).

Revenues jumped 136% to $717,632 in the quarter compared to $303,025 in the previous year, almost double the approximately 70% growth that had been expected.The summer months are traditionally the slowest period for the company, however this year's numbers rose as the company experienced increased demand for its first generation RFID solutions and recently released wireless printers. Cost of goods sold was $483,399 compared to $226,719 in fiscal 2004.Gross margins rose to 33%, up from...

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