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Prospector
Profile
07.1221
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| Infowave Software Corporation |
NAICS |
511210 |
| 4664 Lougheed Hwy, Suite 200
Burnaby, British Columbia, Canada V5C 5T5 |
Description |
Software Publishers |
| (604) 473-3600 |
Employees |
35 |
| http://www.infowave.com/ |
Revenue |
(mil) |
1.9270 |
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Income |
(mil) |
-8.3050 |
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Assets |
(mil) |
9.6550 |
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Liability |
(mil) |
1.2160 |
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(for the year ended 2005-12-31) |
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Category:
Loss/Deficit
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Event:
Infowave Software reported that for the three and six months ended June 30, 2007, the company recorded a net loss of CDN$1.7 million and CDN$2.7 million, respectively. This compared to a net loss of CDN$1.1 million and CDN$2.3 million for the same periods last year. Revenue for the first three and six months of 2007 was CDN$785,492 and CDN$2.0 million, respectively compared to CDN$683,537 and CDN$1.1 million in the corresponding periods last year. At June 30, 2007, the company's consolidated balance sheet also showed strained liquidity with CDN$1.9 million in total current assets available to pay CDN$2.8 million in total current liabilities.
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Intellectual Property:
Infowave's software solutions are protected by a combination of copyright, trademark and trade secret laws, non-disclosure agreements and other contractual provisions. Infowave's patent portfolio includes 1 registered patent and 13 patent applications. As part of its confidentiality procedures, the Company generally enters into a non-disclosure and confidentiality agreement with all its employees and each of its consultants and specifically with any third-party that would have access to the source code for the Company's software products. [SEC Filing 20-F 03-31-06]
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Description:
The Company provides mobile field service solutions.
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Officers:
Lionel G. Dodd (Chair); Leonard Cox (SVP & CFO); Paul Townsend (VP); Al Sello (Dir.); Jery Trooien (Dir.); Wayne J. Henderson (Dir.)
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Securities:
Common Stock-Symbol IW.TO; TSX;
243,302,951 common shares outstanding as of December 31, 2005.
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