EVERYBODY LOVES LANGUAGES CORP (LMDCF) research, news, and more from GeoInvesting

Company description

Sat, 07 Jun 2008 04:00:00 GMT

Lingo Media Corporation is a diversified print and online education product and services corporation.

Lingo Media's Speak2Me Inc. subsidiary is a new media company that focuses on online advertising in China via its Internet-based English Language Learning portal.

In China, where the Company has extensive industry and Government contacts built up over the past decade. Lingo Media continues to expand its legacy business via its subsidiary Lingo Learning Inc. ("Lingo Learning"), a print-based publisher of English Language Learning programs in China since 2001. Lingo Learning has an established presence in China's education market of 200 million students. To date, it has published 197 million units from its library of more than 300 program titles in China.

In Canada, Lingo Media focuses on early childhood cognitive development, through its subsidiary A+ Child Development (Canada) Ltd. ("A+"), which publishes and distributes educational materials along with its unique curriculum. A+ has been operating in Canada for over ten years through its four offices in Calgary, Edmonton, Toronto and Vancouver. Lingo Media plans to introduce A+'s learning system and products to parents of pre-school children in China.

Research

Mon, 02 May 2016 14:55:46 GMT

Closed Out Our Long Position In LMDCF; Locked In Near 200% Gains

On Friday, via premium tweet we stated that we were locking in gains in LMDCF ($0.82). The Company reported flat Q4 2015 results.

In our August 31, 2015 email we stated we were establishing a small speculative position in LMDCF based on strong Q2 2015 results. On October 1, 2015, Geo Contributor W. Xion submitted anarticle on LMDCF titled, “Lingo Media is an Undervalued Edtech Company”. Shares were trading at around $0.27 at the time of William’s article and recently reached a high of $0.95 (250% gain!). Congratulations to William on his first 2 bagger at GeoInvesting.

Research

Tue, 12 Apr 2016 17:07:58 GMT

LMDCF ($0.78) and Gale, a part of Cengage Learning entered into a global distribution partnership.

“Through the agreement, Gale will have exclusive international rights to market, sell and distribute ELL Technologies’ Scholar English language training program to university and college libraries, public libraries, and private schools. The product will be co-branded as “Gale Lingo” and will be available in the second quarter of 2016.”

We are going to take a closer look at the partnership agreement and at Gale to determine the possible significance of this relationship.

On August 27, 2015 westated we took a small speculative long position in LMDCF based on breakout Q2 results (stock was at $0.24). On October 1, 2015 Geo Contributor W. Xion submitted anarticle on LMDCF titled, “Lingo Media is an Undervalued Edtech Company”. We encourage members to read through the article for a comprehensive overview of the company.

Comments & Business Outlook

Mon, 30 Nov 2015 13:59:57 GMT

Third Quarter 2015 Financial Results

Revenue for the third quarter ended September 30, 2015 totalled $1,203,201 compared to $222,468 for the same period in 2014, a 441% increase.
Earnings per share was 0.023 vs last years same quarter of (0.012)

Michael Kraft, President & CEO of Lingo Media, stated, "Q3-15 is the fourth consecutive profitable quarter for the Company representing revenue growth of 441% and a significant increase in profitability year-over-year for the quarter. It is noteworthy that the revenue and profit in this quarter was almost entirely derived from the rapidly growing digital-learning software division. The legacy text book publishing income is generated throughout the year but is recorded seasonally in Q2 and Q4 as royalty revenues."

Michael Kraft continued, "In line with our sales strategy, we have successfully launched our ELL Technologies' suite of software products into the government, educational institution and corporate markets. While Latin America remains our initial market focus, demand is emerging from other regions. The Company is pursuing strategic partnerships for global distribution as part of its plan as the EdTech market for English language learning continues to grow worldwide."

Pump and Dump Watch

Mon, 19 Oct 2015 14:41:23 GMT

Disclosure: GeoInvesting is providing this information for your edification and in no way has any affiliation with any promoters and/or newsletters disseminating information on LMDCF, nor is GeoInvesting being paid to post this information. At times, the GeoTeam may trade P&D's on a long or short basis, depending on how we feel the momentum of the stocks will be affected by the efforts of stock promoters and any ensuing dumps.

Contract Awards

Wed, 30 Sep 2015 13:50:17 GMT

TORONTO, ON and BOGOTA, COLOMBIA--(Marketwired - September 30, 2015) - Lingo Media Corporation (TSX VENTURE: LM) (OTCQB: LMDCF) ("Lingo Media" or the "Company") an EdTech company providing innovative online and print-based technologies and solutions and eDistribution SAS (eDistribution) an online education services distribution company in Colombia, are pleased to announce that Lingo Media's subsidiary ELL Technologies Ltd. ("ELL Technologies") and eDistribution have secured a multi-million dollar language learning software development contract in Colombia.

eDistribution has selected ELL Technologies to provide a full suite of digital education resources to the National Training Service ("SENA"), a Colombian national public institution under the Ministry of Labour focused on the development of education in order to foster employment. Through this landmark agreement, eDistribution and ELL Technologies are poised to significantly increase learning and professional opportunities for as many as seven million citizens in Colombia.

Under the terms of the agreement, ELL Technologies in partnership with eDistribution, is currently developing lessons, learning objects and digital resources which SENA will implement into its learning management system. The ability to pick, choose and adapt learning programs and their components will empower educators by allowing them to supplement, complement and enhance their coursework and in-class training.

"SENA has taken a most progressive and innovative approach to learning English and other languages by structuring their program to fit the many different learning environments and requirements to further establish Colombia as a truly bilingual nation," says Gali Bar-Ziv, President & CEO of ELL Technologies. "We are very excited to deliver the digital learning content and user experience to Latin America's leading educational institute, positively impacting language education and employment opportunities in Colombia and throughout Latin America."

"Multilingualism has become a real necessity in our interconnected and globalized world," says Laura Victoria Zabala J., eDistribution�s CEO. "Through this partnership, eDistribution and ELL Technologies will provide the most technologically advanced and expansive digital content library of all the eLearning programs to be used in Colombia, and will be an example for educators and governments throughout Latin America to establish new educational standards."

"In the context of Colombia, SENA aims at the improvement of foreign language levels of the Colombian people and SENA's bilingualism project is particularly important since it has become necessary to boost both the quality and the competence of our learners. Finally, the use of digital content has become SENA's benchmark in the implementation of best practices in the teaching and learning of foreign languages," stated Mario Javier Rinc�n Triana, Special and Institutional Project Coordinator for SENA.

Research

Mon, 31 Aug 2015 15:07:47 GMT

Established small speculative long position in LMDCF ($0.31)

In our morning email on August 27, 2015 we highlighted LMDCF’s Q2 2015 results. LMDCF reported a 300% increase in EPS of $0.04 on a 100% increase in revenues of $1.7 million. Later in the day, via premium tweet, we stated we would take a closer look to determine if Q2 was a breakout quarter and that we established a small long position as we continue our due diligence. We will be looking to interview management this week to discuss seasonality and the material dilutive impact from outstanding warrants and options. Shares hit a new a 52 week high of $0.33 during Friday’s trading session, 22% higher than the time of alert. Another fact to be mindful of is that the company operates in China. Thus, our China team will need to perform some on the ground due diligence in China to gauge the legitimacy of the business.

LMDCF provides online and print-based English language learning technologies and solutions in China and internationally.

Comments & Business Outlook

Fri, 15 May 2015 04:00:00 GMT

LINGO MEDIA CORPORATION

Consolidated Statements of Comprehensive Income

For the years ended December 31, 2014, 2013 and 2012

(Expressed in Canadian Dollars, unless otherwise stated)

	Notes		2014			2013			2012

Revenue			$	2,512,464		$	2,008,066		$	2,016,261

Expenses

Selling, general and administrative				950,229			941,462			2,121,237
Amortization – intangibles		8		582,857			431,049			365,752
Direct costs				382,593			195,324			273,055
Share-based payments		11		65,663			61,926			243,195
Depreciation – property and equipment		7		7,386			7,624			9,838
Total Expenses				1,988,728			1,637,385			3,013,077

Profit / (Loss) from Operations				523,736			370,681			(996,816	)

Net Finance Charges

Interest expense				217,040			240,516			168,769
Foreign exchange gain				(106,437	)		(134,444	)		(25,046	)

Profit / (Loss) Before Income Tax				413,132			264,609			(1,140,539	)

Income Tax Expense		13		269,119			241,666			221,987

Net Profit / (Loss) for the Year			$	144,013		$	22,943		$	(1,362,526	)

Other Comprehensive Income

Items subsequently transferred to net profit (loss) Exchange differences on translating foreign operations loss				(36,607	)		(79,274	)		(2,211	)

Total Comprehensive Income / (Loss), Net of Tax			$	107,406		$	(56,331	)	$	(1,364,737	)

Earnings / (Loss) per Share
Basic and Diluted			$	0.01		$	(0.00	)	$	(0.07	)

Weighted Average Number of Common Shares Outstanding
Basic and Diluted				21,986,300			21,174,026			20,652,415

Comments & Business Outlook

Wed, 28 May 2014 04:00:00 GMT

First Quarter 2014 Financial Results:

Revenue for the first quarter ended March 31, 2014 totalled $236,051, an increase of 71.4%, compared to $137,754 for the same period in 2013.
Net loss for the first quarter ended March 31, 2014 was $52,866, $0.00 loss per share, compared to a net loss of $377,023 for the first quarter ended March 31, 2013, -$0.02 loss per share.

Comments & Business Outlook

Mon, 05 May 2014 04:00:00 GMT

LINGO MEDIA CORPORATION

Consolidated Statements of Comprehensive Income

For the years ended December 31, 2013, 2012 and 2011

(Expressed in Canadian Dollars, unless otherwise stated)

	Notes		2013			2012			2011

Revenue			$	2,008,066		$	2,016,261		$	2,066,969

Expenses

Selling, general and administrative				941,462			2,121,237			2,340,555
Amortization – intangibles		8		431,049			365,752			2,544,818
Direct costs				195,324			273,055			141,749
Share-based payments		11		61,926			243,195			518,114
Depreciation – property and equipment		7		7,624			9,838			12,600
Amortization – publishing development costs				-			-			8,807
Impairment loss		8		-			-			703,600
Total Expenses				1,637,385			3,013,077			6,270,243

Profit / (Loss) from Operations				370,681			(996,816	)		(4,203,274	)

Net Finance Charges

Interest expense				240,516			168,769			328,112
Foreign exchange (gain) / loss				(134,444	)		(25,046	)		(19,709	)

Profit / (Loss) Before Income Tax				264,609			(1,140,539	)		(4,511,677	)

Income Tax Expense		13		241,666			221,987			205,370

Net Profit / (Loss) for the Year			$	22,943		$	(1,362,526	)	$	(4,717,047	)

Other Comprehensive Income

Item to be reclassified to profit or loss				-			-			-
Exchange differences on translating foreign operations gain / (loss)				(79,274	)		(2,211	)		(82,579	)

Total Comprehensive Loss, Net of Tax			$	(56,331	)	$	(1,364,737	)	$	(4,799,626	)

Loss per Share
Basic and Diluted			$	(0.00	)	$	(0.07	)	$	(0.25	)

Weighted Average Number of Common Shares Outstanding
Basic and Diluted				21,174,026			20,652,415			18,797,185

Comments & Business Outlook

Mon, 26 Nov 2012 05:00:00 GMT

LINGO MEDIA CORPORATION

Condensed Consolidated Interim Statement of Comprehensive Income

For the nine-months ended September 30, 2012 and 2011

(Unaudited, expressed in Canadian Dollars, unless otherwise stated)

			For the three months ended September 30						For the nine months ended September 30
	Notes		2012			2011			2012			2011

Revenue			$	129,424		$	349,544		$	1,124,514		$	1,106,118

Expenses

Selling, general and administrative expenses				475,975			642,788			1,659,255			1,841,660
Share-based payment				145,608			55,883			187,391			587,268
Direct costs				32,183			34,322			173,092			159,811
Amortization – publishing development costs				-			-			-			16,501
Depreciation – property and equipment		6		2,463			3,149			7,362			9,276
Amortization – intangibles		7		83,445			601,385			277,688			1,844,894
Total Expenses				739,674			1,337,527			2,304,788			4,459,410

Loss from Operations				(610,250	)		(987,983	)		(1,180,274	)		(3,353,292	)

Net Finance Charges

Interest expense				41,633			13,866			102,244			77,502
Foreign exchange (gain) / loss				81,128			(154,668	)		88,198			(29,370	)


Loss before Tax				(733,011	)		(847,181	)		(1,370,716	)		(3,401,424	)

Income Tax Expense				10,930			11,115			108,367			95,811

Loss for the Period – Continuing Operations				(743,941	)		(858,296	)		(1,479,083	)		(3,497,235	)


Other Comprehensive Income

Exchange differences on translating foreign operations				53,889			(141,255	)		75,735			(166,288	)

Total Comprehensive Loss, Net of Tax			$	(690,052	)	$	(999,551	)	$	(1,403,348	)	$	(3,663,523	)

Loss per Share
Basic and Diluted			$	(0.03	)	$	(0.05	)	$	(0.07	)	$	(0.20	)

Weighted Number of Common Shares Outstanding
Basic and Diluted				20,622,288			20,543,177			20,562,684			18,582,366

Liquidity Requirements

Sun, 07 Aug 2011 04:00:00 GMT

The Company plans on raising additional equity through private placement financings, as the capital markets permit, in an effort to finance its growth plans for the China market in addition to financing expansion into international markets.