Strong first quarter 2014 for IRD

International Road Dynamics (IRD), Canada-based intelligent transportation systems (ITS) supplier, has announced solid growth for the three months ended February 28, 2014. Revenue increased by 32.2 per cent to $10.3 million compared to $7.8 million for the same quarter last year. Solid growth was achieved in the Company's Canada and United States and Latin America markets, while EBITDA increased to $490,090 compared to a loss of $190,359 in the first quarter of 2013. Quarter one of 2014 is the fourth con
April 16, 2014 Read time: 2 mins
69 International Road Dynamics (IRD), Canada-based intelligent transportation systems (ITS) supplier, has announced solid growth for the three months ended February 28, 2014.

Revenue increased by 32.2 per cent to $10.3 million compared to $7.8 million for the same quarter last year. Solid growth was achieved in the Company's Canada and United States and Latin America markets, while EBITDA increased to $490,090 compared to a loss of $190,359 in the first quarter of 2013. Quarter one of 2014 is the fourth consecutive quarter of profitability and year over year improvement in quarterly results and the company is in a strong financial position with positive working capital of $8.1 million, up 5 per cent from prior year end.

XPCT in China contributes earnings of $118,097 on growth in its wire harness and traffic business compared to a loss of $3,899 the first quarter of 2013.

"After much improved performance in fiscal 2013, we were pleased to see the momentum continue in the first quarter of the New Year with increased revenues and net income," commented Terry Bergan, IRD president and CEO. "We are generating solid growth in the majority of our target global markets and product lines, and look for this progress to continue through the rest of the year."
Detection, Monitoring & Machine Vision Classification & Data Collection Urban Traffic Control

For more information on companies in this article

Related Content

  • Looking forward to CARTES 2014 in Europe, Asia and America
    November 20, 2013
    2014 will see CARTES events in Asia and America – and don’t forget to put a note in your diary for CARTES Secure Connexions Event 2014 to be held from 4 to 6 November in Paris Welcome to Day 3 of the CARTES Secure Connexions Event 2013. This is the last day of the show and we hope you have enjoyed everything so far - and will continue to get a great deal out of the sessions and conferences. We are proud to announce that we have excellent indicators in terms of registered visitor numbers at the show. Gen
    Read More
  • IRD: from the ground up
    September 16, 2021
    IRD is undertaking a comprehensive review of its road safety and monitoring solutions. A series of initiatives is building on the company’s in-pavement expertise, bringing considerable additional value for the customer to the traditional range of products while complementing these with wholly new technologies
    Read More
  • Johnson Controls says US consumers are interested in start-stop systems
    May 18, 2012
    New consumer research conducted by Johnson Controls claims that 97 per cent of Americans are ready for new start-stop technology that improves the fuel economy of their vehicle. The research was conducted to gain understanding of how consumers view fuel-saving power train technologies based on attributes such as purchase price, fuel economy, annual fuel cost and performance. Focus groups across US major metropolitan areas, along with 1,200 survey respondents, provided feedback on efficient vehicle technolog
    Read More
  • Optibus software rolled out across buses in Brazil's Porto Alegre
    September 14, 2023
    First Latin American city to use firm's software to plan and schedule entire bus fleet
    Read More

Highlighted Content