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EXFO Inc (EXF.TO)

EXF.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

EXFO streamlines monitoring solutions portfolio
Tuesday, 2 May 2017 08:45am EDT 

May 2 (Reuters) - EXFO Inc : :EXFO streamlines monitoring solutions portfolio.EXFO Inc - staff reductions related to this product line and varied go-to-market adjustments will affect approximately 5pct of EXFO'S global workforce.EXFO Inc - EXFO will significantly reduce investments in passive wireless monitoring which represented less than 5pct of total sales.EXFO Inc - company will also incur one-time restructuring costs of US$4.0 million in Q3 of 2017.EXFO Inc - following restructuring, which should be completed in Q4 of fiscal 2017, EXFO intends to benefit from annual cost savings of US$8.0 million.EXFO Inc says co has streamlined its monitoring solutions portfolio to focus on testing, active service assurance, fiber monitoring and analytics.  Full Article

EXFO appoints Philippe Morin as CEO
Wednesday, 29 Mar 2017 05:49pm EDT 

EXFO Inc : EXFO announces CEO transition . Founder Germain Lamonde appoints Philippe Morin as new CEO . has appointed Philippe Morin as EXFO's new CEO, effective April 1, 2017 .Lamonde will become EXFO's executive chairman.  Full Article

EXFO reports Q2 sales of $60 million
Wednesday, 29 Mar 2017 04:08pm EDT 

EXFO Inc : EXFO reports second-quarter results for fiscal 2017 . Q2 earnings per share $0.02 . Q2 sales $60 million versus I/B/E/S view $60.6 million . Q2 earnings per share view $0.06 -- Thomson Reuters I/B/E/S . Sees Q3 2017 sales $58 million to $63 million . EXFO Inc - Bookings attained US$55.9 million in Q2 of fiscal 2017 compared to US$59.7 million in same period last year .Sees Q3 IFRS net results to range between a loss of US$0.02 per share and earnings of US$0.02 per share.  Full Article

Exfo acquires Ontology Systems
Thursday, 2 Mar 2017 01:04am EST 

Exfo Inc : Exfo acquires Ontology Systems . Acquired privately held Ontology Systems for a total consideration of US$7.6 million, net of cash .Acquisition is expected to be neutral to Exfo's adjusted EBITDA in fiscal 2017 and accretive thereafter..  Full Article

EXFO Q1 earnings per share $0.06
Tuesday, 10 Jan 2017 04:07pm EST 

EXFO Inc : EXFO reports first-quarter results for fiscal 2017 . Q1 earnings per share $0.06 . Q1 sales $61.8 million versus I/B/E/S view $60.9 million . Q1 earnings per share view $0.04 -- Thomson Reuters I/B/E/S . Sees Q2 2017 sales $58 million to $63 million . EXFO Inc qtrly bookings rise 12.6% year-over-year to us$65.9 million . EXFO Inc says remain fully confident about achieving our adjusted ebitda goal of us$26 million in 2017 . For q2 2017, IFRS net results are expected to range between a loss of us$0.01 per share and earnings of us$0.03 per share .Q2 revenue view $58.8 million -- Thomson Reuters I/B/E/S.  Full Article

EXFO files amended annual report for fiscal 2016
Monday, 9 Jan 2017 10:36pm EST 

EXFO Inc : Amended management's annual report on internal control over financial reporting and sarbanes-oxley certifications from CEO and CFO . No material impact on previous three years' consolidated financial statements . EXFO-Management identified material weakness in internal control over financial reporting,resulting in improper aging of trade accounts receivable ledger . EXFO - co's CEO and chief financial officer have concluded that internal controls over financial reporting were not effective as of Aug 31, 2016 .EXFO Inc - improper aging of trade accounts receivable ledger led to incorrect assessment of bad debt expense against a single trade account receivable.  Full Article

EXFO acquires optical RF Test Technology from Absolute Analysis
Monday, 31 Oct 2016 05:30pm EDT 

EXFO Inc : EXFO Inc - Cash and stock transaction is valued at approximately us$8.25 million . EXFO Inc - No material impact from acquisition is expected for EXFO's Q1 of fiscal 2017 ending on November 30, 2016 . EXFO Inc - Deal includes us$5 million in cash and remaining amount in EXFO shares . Has acquired majority of assets of absolute analysis inc .EXFO acquires optical RF Test Technology from Absolute Analysis.  Full Article

Exfo posts Q3 earnings per share $0.02
Wednesday, 29 Jun 2016 04:12pm EDT 

Exfo Inc : Exfo reports third quarter results for fiscal 2016 . Q3 earnings per share $0.02 . Q3 sales $60.9 million versus i/b/e/s view $60.9 million . Q3 earnings per share view $0.06 -- Thomson Reuters I/B/E/S . Sees Q4 2016 sales $57 million to $62 million . Says bookings attained US$59.7 mln in Q3 of fiscal 2016 for a book-to-bill ratio of 0.98 compared to US$59.2 million in same period last year . Q4 earnings per share view $0.06, revenue view $60.8 million -- Thomson Reuters I/B/E/S .Exfo Inc sees Q4 IFRS net results to range between a loss of US$0.01 per share and earnings of US$0.03 per share.  Full Article

EXFO Inc renews normal course issuer bid
Tuesday, 29 Mar 2016 04:06pm EDT 

EXFO Inc:Board of Directors has authorized renewal of its share repurchase program, by way of a normal course issuer bid on open market, of up to approximately 6.6% of public float of 13,572,485 subordinate voting shares.NCIB will become effective on April 1, 2016 and end on March 31, 2017.  Full Article

EXFO Inc gives Q2 2016 guidance; EPS guidance above analysts' estimates
Wednesday, 6 Jan 2016 04:05pm EST 

EXFO Inc:Forecasts sales between US$52.0 million and US$57.0 million for Q2 2016, while IFRS net earnings are expected to range between US$0.04 and US$0.08 per diluted share.IFRS net earnings include US$0.01 per diluted share in after-tax amortization of intangible assets and stock-based compensation costs.Q2 2016 revenue of $54.2 million and EPS of $0.02 - Thomson Reuters I/B/E/S.  Full Article

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BRIEF-EXFO streamlines monitoring solutions portfolio

* EXFO Inc - staff reductions related to this product line and varied go-to-market adjustments will affect approximately 5pct of EXFO'S global workforce