BURLINGTON, ON--(Marketwired - Feb 26, 2015) - Astrix Networks Inc. ("Astrix"), operating as Memex Automation ("Memex") (
For the first time in its history, Astrix surpassed the half-million dollar mark in quarterly sales with a total of $501,178 for the latest period, ended December 31, 2014. This compares with total sales of $207,000 in the prior quarter, and $157,000 in the same quarter of the prior year, increases of 142% and 219% respectively. The company also saw its highest quarterly gross margin since inception at $334,000.
Company President, David McPhail, provides comment on Astrix achieving this milestone. "We are pleased with the increase in the customer adoption rate of our technology, reflected in the Q1-2015 sales numbers. Revenues include new MERLIN customers as well as additional follow on revenue from our existing MERLIN customers. Total revenue for the quarter just completed is the highest Astrix has experienced thus far."
About Memex Automation:
Astrix Networks Inc., (
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Contact Information:
Media Contacts
Leanne Rattray
Communications Specialist
Phone: 905-635-1540 ext. 103
Email:
David McPhail
CEO
Phone: 519-993-1114
Email: