Naftiran Intertrade

mdf commerce reports Second Quarter of Fiscal 2024 Financial Results

Retrieved on: 
Wednesday, November 8, 2023
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The Corporation announces the closure of Réseau Contact and Power Source Online, two emarketplaces businesses

Key Points: 
  • The Corporation announces the closure of Réseau Contact and Power Source Online, two emarketplaces businesses
    MONTRÉAL, Nov. 07, 2023 (GLOBE NEWSWIRE) -- mdf commerce inc. (the “Corporation”) (TSX:MDF), a SaaS leader in digital commerce technologies, reported second quarter financial results for the three-month period ended September 30, 2023 (“Q2 FY2024”).
  • “Our strategic and operational focus on accelerating organic growth, increasing operational efficiency and profitability is showing traction in our Q2 FY2024 results.
  • We reported a fifth consecutive quarter of positive Adjusted EBITDA1 and significantly reduced our net loss compared to Q2 FY2023 and Q1 FY2024” said Deborah Dumoulin, Chief Financial Officer of mdf commerce.
  • Recurring Revenue4 was $24.4 million or 79.2% of revenues in Q2 FY2024 compared to $26.5 million or 79.0% in Q2 FY2023.

mdf commerce reports First Quarter of Fiscal 2024 Financial Results

Retrieved on: 
Wednesday, August 9, 2023
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Revenues for Q1 FY2024 were $31.0 million, a decrease of $1.2 million or 3.7% compared to $32.2 million for Q1 FY2023.

Key Points: 
  • Revenues for Q1 FY2024 were $31.0 million, a decrease of $1.2 million or 3.7% compared to $32.2 million for Q1 FY2023.
  • On a Constant Currency(3) basis, revenues decreased by $2.0 million or 6.0% compared to $33.0 million in Q1 FY2023.
  • Gross margin for Q1 FY2024 was $17.7 million or 57.1% compared to $18.5 million or 57.4% for Q1 FY2023.
  • Operating expenses totalled $20.8 million in Q1 FY2024, a decrease of $4.7 million or 18.5% compared to $25.5 million in Q1 FY2023.

mdf commerce reports Fourth Quarter and Full Year Fiscal 2023 Financial Results

Retrieved on: 
Wednesday, June 28, 2023
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MONTREAL, June 27, 2023 (GLOBE NEWSWIRE) -- mdf commerce inc. (the “Corporation”) (TSX:MDF), a SaaS leader in digital commerce technologies, reported fourth quarter financial results for the three-month period ended March 31, 2023 (Q4 FY2023) and fiscal 2023 full year ended March 31, 2023 (FY2023).

Key Points: 
  • MONTREAL, June 27, 2023 (GLOBE NEWSWIRE) -- mdf commerce inc. (the “Corporation”) (TSX:MDF), a SaaS leader in digital commerce technologies, reported fourth quarter financial results for the three-month period ended March 31, 2023 (Q4 FY2023) and fiscal 2023 full year ended March 31, 2023 (FY2023).
  • “We take pride in the advancements that we achieved this year, encompassing financial growth, improving profitability, and making significant operational strides.
  • On a Constant Currency(3) basis, revenues increased by $0.3 million or 1.0% compared to $30.9 million in Q4 FY2022.
  • Recurring Revenue(1) represents $24.4 million or 77.9% of revenues for Q4 FY2023 compared to $26.1 million or 78.9% of revenues for Q4 FY2022.

mdf commerce reports Third Quarter of Fiscal 2023 Financial Results

Retrieved on: 
Monday, February 13, 2023
Software as a service, Commerce, Financial assistance (share purchase), TSX, SPS Commerce, Acquisition, EBITDA, Periscope, Workforce, Average cost, Sale, USD, Naftiran Intertrade, Growth, CAD, Corporation, Bank, Video game, The Orckestra, Adjustment

MONTREAL, Feb. 13, 2023 (GLOBE NEWSWIRE) -- mdf commerce inc. (the “Corporation”) (TSX:MDF), a SaaS leader in digital commerce technologies, reported third quarter financial results for the three-month period ended December 31, 2022 (Q3 FY2023).

Key Points: 
  • MONTREAL, Feb. 13, 2023 (GLOBE NEWSWIRE) -- mdf commerce inc. (the “Corporation”) (TSX:MDF), a SaaS leader in digital commerce technologies, reported third quarter financial results for the three-month period ended December 31, 2022 (Q3 FY2023).
  • “This third quarter of fiscal 2023 represents a second consecutive quarter with a positive adjusted EBITDA(2).
  • In response to macroeconomic conditions and shifting client priorities, we’ve reduced of our global workforce by approximately 10% since the beginning of the quarter.
  • These cost containment efforts are expected to generate additional cost savings over the coming quarters,” said Luc Filiatreault, President and Chief Executive Officer of mdf commerce.

mdf commerce reports Second Quarter of Fiscal 2023 Financial Results

Retrieved on: 
Monday, November 14, 2022
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This quarter marks a return to positive Adjusted EBITDA(2) achieved through a combination of growth and operational efficiency efforts.

Key Points: 
  • This quarter marks a return to positive Adjusted EBITDA(2) achieved through a combination of growth and operational efficiency efforts.
  • The total purchase consideration was $65.8 million(3) (US$48.5 million) or approximately 5X Revenue(4), subject to certain post-closing adjustments", said Luc Filiatreault, CEO of mdf commerce.
  • Total revenues for Q2 FY2023 reached $33.2 million, an increase of $8.1 million or 32.4% compared to $25.1 million reported in Q2 FY2022.
  • Our two core platforms, eprocurement and Unified Commerce contributed to revenues of the second quarter as follows:
    The eprocurement platform generated revenues of $19.3 million, an increase of $8.0 million or 71.2% compared to $11.3 million in Q2 FY2022.

mdf commerce announces sale of InterTrade Systems Inc., its Supply Chain Collaboration subsidiary

Retrieved on: 
Wednesday, October 5, 2022
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The received consideration will allow the Corporation to improve its balance sheet and create near-term shareholder value within mdf commerce.

Key Points: 
  • The received consideration will allow the Corporation to improve its balance sheet and create near-term shareholder value within mdf commerce.
  • The InterTrade solution provides business-to-business (B2B) integration solutions to better manage the Supply Chain Collaboration between trading partners and was part of mdf commerces Unified Commerce platform.
  • Further to the sale of InterTrade, mdf commerces Unified Commerce platform will be renamed ecommerce and will be comprised of mdf commerces two ecommerce solutions: Orckestra and k-ecommerce.
  • mdf commerce inc. (TSX: MDF) enables the flow of commerce by providing a broad set of SaaS solutions that optimize and accelerate commercial interactions between buyers and sellers.

SPS Commerce Acquires InterTrade Systems Inc.

Retrieved on: 
Wednesday, October 5, 2022
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With the acquisition of InterTrade, SPS Commerce expands its network to thousands of businesses across North America, including marquee retailers and brands in apparel and general merchandise, said Archie Black, CEO of SPS Commerce.

Key Points: 
  • With the acquisition of InterTrade, SPS Commerce expands its network to thousands of businesses across North America, including marquee retailers and brands in apparel and general merchandise, said Archie Black, CEO of SPS Commerce.
  • As part of the SPS Commerce community, InterTrade customers will have access to the industrys broadest trading network, which includes more than 105,000 trading partners in over 80 countries.
  • Under the terms of the purchase agreement, SPS Commerce acquired InterTrade for approximately $49 million in cash.
  • SPS COMMERCE, SPS, SPS logo, 1=INFINITY logo, AS THE NETWORK GROWS, SO DOES YOUR OPPORTUNITY, INFINITE RETAIL POWER, MASTERING THE RETAIL GAME and RSX are marks ofSPS Commerce, Inc.and Registered in theU.S.

GS1 Connect Lineup Includes Speakers From More Than 100 Companies Across Retail, Grocery, Foodservice and Healthcare

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Thursday, April 14, 2022
Pressure, CEO, Avery Dennison, Procter & Gamble, Dick's Sporting Goods, IBM Global Services, UNSPSC, RFID, GS1 US, EPC, Electronic Product Code, Exhibition, Chipotle Mexican Grill, Washington Marriott Marquis, Comarch, Automation, GBS, Food, United Nations, Technology, Johnson & Johnson, Health Industry Business Communications Council, Bumble Bee Foods, Solution, Macdonald, GS1, Salsify, Vertical service code, Amazon, Industry, Face, Dillard's, Naftiran Intertrade, McDonald's, Medical device

EWING, N.J., April 14, 2022 /PRNewswire/ -- GS1 Connect 2022, the conference and exhibition hosted by GS1 US, will feature speakers from more than 100 leading companies that will share strategies for optimizing today's supply chain. A sampling of companies includes: Amazon, Bumble Bee Foods, Chipotle Mexican Grill, DICK'S Sporting Goods, Dillard's, Johnson & Johnson, Kellogg, Macy's, McDonald's Corporation, Ralph Lauren, and Under Armour. The event will be held June 7-9, 2022, at the Marriott Marquis San Diego Marina in San Diego, Calif. To view the agenda, visit www.GS1Connect.org.

Key Points: 
  • EWING, N.J., April 14, 2022 /PRNewswire/ -- GS1 Connect 2022 , the conference and exhibition hosted by GS1 US, will feature speakers from more than 100 leading companies that will share strategies for optimizing today's supply chain.
  • A sampling of companies includes: Amazon, Bumble Bee Foods, Chipotle Mexican Grill, DICK'S Sporting Goods, Dillard's, Johnson & Johnson, Kellogg, Macy's, McDonald's Corporation, Ralph Lauren, and Under Armour.
  • This year's conference features live and on-demand content across four industry tracks (retail, grocery, foodservice and healthcare) and two horizontal tracks (tech and innovation).
  • GS1 Connect is sponsored by 1WorldSync, Antares Vision Group, Avery Dennison, Comarch, Edict Systems, InterTrade, Salsify, Sato, Stibo Systems and Syndigo.

Traverse Systems Partners with mdf commerce's InterTrade to Expand Offerings

Retrieved on: 
Thursday, December 16, 2021
Software as a service, Pressure, LinkedIn, Kohl's, Solution, Commerce, Naftiran Intertrade, Growth, CVS, Supply chain, EDI, CEO, Online marketplace, MDF, Efficiency, Supply, TSX, Partnership, Technology, Retail, Online shopping

Through the partnership, Traverse and InterTrade will offer a comprehensive set of solutions that simplify, optimize and improve supply chain management enabling both companies to expand their market reach, reaching new industries.

Key Points: 
  • Through the partnership, Traverse and InterTrade will offer a comprehensive set of solutions that simplify, optimize and improve supply chain management enabling both companies to expand their market reach, reaching new industries.
  • "We partnered with Traverse Systems because we know our clients need these types of solutions, now more than ever," said Andreanne Simon, President of Supply Chain at mdf commerce.
  • "Through our combined offerings, supply chain professionals gain supply chain-wide visibility and tools that strengthen retailer-vendor relationships and provide opportunities for growth and competitive advantages."
  • To learn more about Traverse Systems' offerings for supply chain optimization, visit http://www.traversesystems.com .

mdf commerce supply chain solution InterTrade and Traverse Systems announce partnership to expand offering

Retrieved on: 
Monday, November 8, 2021
Online marketplace, Software as a service, CVS, Supply chain, Entrepreneurship, CEO, Technology, MDF, Partnership, TSX, Commerce, GLOBE, LinkedIn, Solution, Supply, System, Naftiran Intertrade, Online shopping

MONTREAL, Nov. 08, 2021 (GLOBE NEWSWIRE) -- mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, is pleased to announce a partnership agreement between its supply chain solution InterTrade and Traverse Systems, which provides solutions to drive a unified understanding of the entire supply chain. Through this agreement, both partners will expand their market reach and product offering in new industries.

Key Points: 
  • mdf commerce pursues its partnership strategy to broaden its offering, penetrate new markets and deliver
    MONTREAL, Nov. 08, 2021 (GLOBE NEWSWIRE) -- mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, is pleased to announce a partnership agreement between its supply chain solution InterTrade and Traverse Systems, which provides solutions to drive a unified understanding of the entire supply chain.
  • Thanks to this partnership, Traverse Systems and InterTrade can offer an extensive set of solutions to optimize, digitalize and simplify supply chain management.
  • Our partnership with InterTrade, powered by mdf commerce, could not come at a better time for our clients: together, our supply chain professionals will increase speed to market by automating supply chain operations for both retailers and suppliers.
  • We are thrilled of partnering with Traverse Systems to offer an enhanced set of solutions to our client base, stated Andreanne Simon, President of Supply Chain at mdf commerce.