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Carmanah Reports Second Quarter 2018 Results

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) today reported its second quarter financial results for the period ended June 30, 2018.  Currency amounts are in U.S. dollars unless otherwise noted and are for Carmanah’s continuing operations which exclude the operating results from the Company’s Power Division segment which was divested by way of two separate transactions in 2017. In the second quarter of 2018, Carmanah generated revenues of USD $13.8 million, up USD $1.6 million or 13.1% over the second quarter of 2017 revenues of USD $12.2 million.  The increase in revenues was attributed to stronger performance by the Company’s Signals segment, which generated revenues of USD $12.9 million, up USD $1.7 million or 14.6% over the second quarter of 2017 revenues of USD $11.2 million.  The Illumination segment generated revenues of USD $1.0 million, which were unchanged from the second quarter of 2017. Gross margin percentage in the second quarter of 2018 was 42.9%, up 0.2% compared to the same period in 2017.

Carmanah Announces Release Date for Second Quarter 2018 Financial Results and Conference Call

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) will release its second quarter 2018 financial results on Wednesday August 8th, 2018 after market close. Carmanah has scheduled a conference call for analysts at 6:00 am PST (9:00 am ET) on Thursday August 9th, 2018.

Spotlight on Orlando: Shifting from car-centric to multimodal design and mindset

Orlando, Florida, was built with car-centric transportation in mind. Learn what this metro area is doing to improve multi-modal transportation, and how Carmanah's solar flashing beacons can help.

Visit Carmanah in Kansas City at the American Public Works Association’s PWX Conference

Step 1. Visit us in Kansas City; Step 2. Learn about our new LED flashing beacons and enhanced signs and sign up for a free product trial or site assessment; Step 3. Acquire socks.   Event: 2018 American Public Works Association Public Works Expo (PWX) Location: Kansas City Convention Center, Kansas City, Missouri Conference Dates: August […]

Westborough, MA boosts safety with multiple RRFB crosswalks

Location Westborough, MA Project size Ongoing, with 12+ R920 Rectangular Rapid Flashing Beacons installed since 2012 Client Town of Westborough, MA Client website https://www.town.westborough.ma.us/ Overview Westborough, Massachusetts, celebrated its 300th anniversary in 2017; incorporated in 1717, it was the state’s 100th town. Today, it is home to about 18,000 people in a diverse range of […]

Carmanah Announces Results of Annual General Meeting

Carmanah Technologies Corporation (TSX: CMH) (“Carmanah” or the “Corporation”) today announced the voting results from its annual general meeting held on June 22, 2018.  The shareholders voted on and approved to set the number of directors of the Corporation at four, the election of the directors of the Corporation, and the reappointment of KPMG LLP, Chartered Professional Accountants as auditors of the Corporation. The voting results were as follows: About Carmanah Technologies Corporation Carmanah designs, develops and distributes a portfolio of products focused on energy optimized LED solutions for infrastructure.

Have You Submitted a Request for RRFB Use Under IA-21?

What the Federal Highway Administration wants you to know Interim Approval 21, or IA-21, is the memo within the Manual on Uniform Traffic Control Devices (MUTCD) regarding the use of rectangular rapid flashing beacons (RRFBs). All state and local agencies wishing to use RRFBs must apply for approval under IA-21. According to the Federal Highway […]

Carmanah Announces Normal Course Issuer Bid

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) today announced that the Toronto Stock Exchange (the “TSX”) has accepted the Company’s notice of its intention to make a normal course issuer bid (the “Bid”) to purchase up to 1,264,446 of its common shares, representing approximately 10% of its public float as of June 8, 2018.

Carmanah Reports First Quarter 2018 Results

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) today reported its first quarter financial results for the period ended March 31, 2018.  Currency amounts are in U.S. dollars unless otherwise noted and are for Carmanah’s continuing operations which exclude the operating results from the Company’s Power Division segment which was divested by way of two separate transactions in 2017. In the first quarter of 2018, Carmanah generated revenues of USD $14.9 million, up USD $3.8 million or 34.3% over the first quarter of 2017 revenues of USD $11.1 million.  The increase in revenues was attributed to stronger performance by the Company’s Signals segment, which generated revenues of USD $13.5 million, up USD $4.0 million or 41.2% over the first quarter of 2017 revenues of USD $9.6 million.  The Illumination segment generated revenues of USD $1.4 million, down USD $0.1 million or 8.9% over the first quarter of 2017 revenues of USD $1.5 million, as the transition to our next generation EverGen product continued.   Gross margin percentage in the first quarter of 2018 was 42.4%, down 2.5% compared to the same period in 2017.

Carmanah Announces Release Date for First Quarter 2018 Financial Results and Conference Call

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) will release its first quarter 2018 financial results on Thursday May 10th, 2018 after market close. Carmanah has scheduled a conference call for analysts at 6:00 am PST (9:00 am ET) on Friday May 11th, 2018.