Noble Iron Doubles Third-Quarter Revenues

Noble Iron Inc., formerly Texada Software Inc., announced its unaudited interim operating results for Q3 and the nine months ended September 30, 2012. Total revenues for the quarter were $3.97 Ml. as compared to $1.88 Ml. for the same quarter in 2011. Revenue for the nine month period ending September 30, 2012 reached $12.02 Ml. as compared to $4.18 Ml. for the same period in the prior year.

The company achieved a year-to-date Adjusted EBITDA (defined as net income (loss) for the period adjusted for depreciation, amortization, gain on expiry of default judgement, interest, foreign exchange and stock based compensation) of $1.11 Ml. for the nine month period ended September 30, 2012 as compared to nil for the same nine month period in 2011. Adjusted EBITDA for the quarter was $0.15 Ml. as compared to $0.10 Ml. for the same quarter in 2011.

For more about Noble Iron's third quarter results...