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Cortex Business Solutions Reports March 2013 Network Stats

|Includes:Cortex Business Solutions Inc. (CTPNF)

Cortex reports March 2013 network stats:

  • Since our last report there were no new buying organizations that signed.
  • Year over year, transactions on the network increased 18% from 821,893 in March 2012 to 973,196 in March 2013.
  • Total Customer Contracts increased 26% from 7,179 in March 2012 to 9,033 in March 2013.
  • 127 new suppliers were added to the Cortex Network in March 2013.
  • 48 Hubs are now live on the Trading Partner Network, an increase of 182% year over year.

Transactions have been slowing down the last few months but this is due to a slowdown in activity in the oil and gas markets they serve, however they are still showing double digit growth year over year. As the company diversifys into other industries this should pickup going forward.

Disclosure: I am long CTXZF.PK.

Stocks: CTPNF