Topic: How To Invest

Pat: What is your opinion of GuestLogix? Thanks.

Article Excerpt

GuestLogix, $0.98, symbol GXI on Toronto (Shares outstanding: 74.7 million; Market cap: $73.2 million; www.guestlogix.com), provides onboard retail and payment systems to airlines, railways and passenger ferries. It sells the GuestLogix Mobile Virtual Store and the accompanying point-of-sale handheld device. The company was founded in 2002. It is based in Toronto, but it has sales offices in the U.S., U.K. and Singapore. GuestLogix estimates that its systems serve about 90% of airline passengers in North America and 40% worldwide. Its clients include American Airlines, Delta Air Lines, United/Continental Airlines, US Airways, Southwest Airlines, British Airways, KLM Royal Dutch Airlines, Ryanair, Qantas Airways and WestJet. In the three months ended March 31, 2013, GuestLogix’s revenue rose 24.5%, to $7.0 million from $5.6 million a year earlier. The company lost $1.2 million, or $0.02 a share, compared to a profit of $57,086, or nil per share, a year earlier, due to increased operating expenses. To keep growing, GuestLogix needs to increase its…