Datalex reports 30% reduction in operating loss
Datalex has announced a 30% reduction in first-quarter losses and issued an optimistic assessment for the full-year amid signs of “improving market conditions”.
Commenting on its first-quarter results, Neil Beck, ceo of Datalex said: “This quarter has benefited from the full impact of our 2001 cost reduction programme. This has resulted in improved margins and a 30% reduction in our operating loss for the quarter, which was in line with our business plan.
“The remainder of this year will be challenging, but we are gratified by the increased activity in the travel sector and we remain confident that Datalex is well positioned to capitalise on the improving market conditions that we have seen unfolding since the beginning of 2002.”
Total revenues for Q1 were $5.6 million, an increase of 3 percent quarter on quarter (Q4 2001: $5.5 million).
Increased gross margin for Q1 was 23 percent from 14 percent in Q4 2001, before non-cash share compensation charges. Services gross margin for Q1 was 5 percent from 2 percent in Q4 2001.
The company reported new agreements signed in the period with American Trans Air, Siemens Mobile Travel Solutions and PT Garuda Indonesia.
Read our previous stories:
15-Apr-2002 Datalex to de-list from NASDAQ as woes continue
12-Mar-2002 Datalex increases Yatra stake to 100%
20-Feb-2002 Datalex Q4 results hit by September 11 effect
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
France prepares for a massive strike across all transports on September 18
Turkish tourism stalls due to soaring prices for accommodation and food
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt