Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
NYX Gaming Group Ltd (NYX-X) reported fourth-quarter revenue of $54.5-million, up from $18.4-million a year earlier.
"All revenue categories grew significantly as a result of a full quarter contribution, $30.4-million, from the company's recently acquired OpenBet business, and 14 new customer launches on OGS [open gaming system] during the fourth quarter of 2016," the company said.
Gross profit was $48.1-million, or 88.3 per cent of revenue compared to $15.8-million or 86.2 per cent of revenue a year earlier.
Its net loss was $61.1-million versus a loss of $10.7-million a year earlier.
"The decrease in net income was primarily the result of intangible asset impairments of $21.4-million and goodwill impairments of $65.9-million, partially offset by $46.2-million of gains on fair value adjustments to derivatives, and a full quarter positive contribution from OpenBet operations."
Copper Mountain Mining Corp. (CMMC-T) reported first-quarter revenues of $74.1-million, which was in line with expectations and up from $58.7-million a year earlier.
Net income was $7.5-million or 4 cents per share down from $19.1-million or 11 cents a year earlier. Analysts were expecting earning of 2 cents in the most recent quarter.
"The decrease in net income for the current quarter compared to the same quarter in 2016 is largely attributable to the non-cash unrealized foreign exchange gain of $25.1-million in 2016 that was related to the company's U.S.-dollar denominated debt," the company said.
Pure Technologies Ltd. (PUR-T) says it has struck a commercial collaboration with Xylem (XYL-N). It says Xylem will represent Pure's products and services to the water sector in the Gulf Cooperation Council countries (UAE, KSA, Qatar, Bahrain, Kuwait and Oman), and in India, Singapore and Malaysia.
"We are delighted to partner with Xylem in promoting our shared vision of applying innovative technologies and strategies to reduce water loss and for pro-active management of water and wastewater pipeline infrastructure," said Pure CEO Jack Elliott.
SunOpta Inc. (STKL-Q; SOY-T) announced a request by Oaktree Capital Management, L.P. to waive at its upcoming annual meeting a standstill provision that restricts Oaktree from acquiring additional securities of SunOpta.
"Oaktree has requested the waiver to acquire up to 5,125,036 common shares of SunOpta, being the number of common shares that would increase Oaktree's beneficial ownership to 19.99 per cent of common shares currently outstanding on a partially-diluted basis," the company said.
SunOpta said the board is considering Oaktree's request.