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Calgary based Rare Method, an Interactive agency has release their financials for a period ending March 31, 2007.  During Q3 Rare Method recorded an EBITDA loss of $115,000 and a net loss of $192,000. For the nine months ended March 31, 2007 the company had EBIDTA of $111,000 and a net loss of $75,000.

Highlights:

- We achieved record revenue for both the three and nine month periods. Our Q3 2007 revenue increased by 19% to $2.25 million; up from $1.89 million last year. Nine-month revenue increased 30% to $6.13 million up from $4.71 million last year. These improvements were driven by increased demand for our interactive marketing services. Approximately 80% of our growth was organic and 20% resulted from acquisitions in the last year;

- We continued to make investments in Q3 to drive our long-term revenue growth. In the third quarter, we invested approximately $200,000 in capital assets and product development. The return on these investments will be realized over the next twelve months;

- Our US revenue as a percentage of total revenue was 16% of total revenue in Q3 2007, compared to 13.5% for the year ended June 30, 2006;

- On April 1, 2007 we closed the acquisition of 100% of the shares of BBCJ Ventures Inc. (BOWG) operating as Blain Olsen White Gurr Advertising in Salt Lake City, Utah. BOWG has 23 talented employees
and had unaudited annual revenues of US$2.9 million in 2006. This deal establishes a significant presence in the US and brings many
excellent clients. And, we have already begun to experience cross sale opportunities with the Calgary office.

- Work for several new large clients commenced and will continue to build momentum in Q4 of 2007 and Q1 of 2008.
“We are disappointed with our earnings results in Q3 after achieving positive EBITDA in nine of the last ten quarters,” explains Roger Jewett, President, Rare Method. “While staff levels were increased in Q3 in anticipation of a seasonal increase in business levels, forecasted Q3 revenue increases were delayed to Q4. Our increased salaries and wages expense also reflects increased administration and management costs to drive and support our revenue growth.”

Categories: Financial Results, For The Books