Bluedrop Performance Learning Inc. reported audited earnings results for the year ended September 30, 2013. Revenues for the year ended September 30, 2013 were CAD 11,527,765 up from CAD 10,118,532, an increase of 14%. Pre-tax loss for the year was CAD 2,300,416 against pre-tax earnings in the prior year of CAD 96,025, a decrease of CAD 2,396,441. After tax loss for the period was CAD 1,723,610 or CAD 0.0174 per basic and diluted share as compared to CAD 19,827 in the prior period.

The company reported restated earnings results for the third quarter ended June 30, 2013, second quarter ended March 31, 2013, first quarter ended December 31, 2012, third quarter ended June 30, 2012, second quarter ended March 31, 2012, first quarter ended December 31, 2011 and year ended September 30, 2012. For the third quarter ended June 30, 2013, the company reported restated revenue of CAD 3,250,000 against previously reported revenue of CAD 3,075,000. Restated loss before income taxes was CAD 71,000 against previously reported loss before income taxes of CAD 246,000. Restated net loss was CAD 55,000 or CAD 0.0006 per basic and diluted share against previously reported net loss of CAD 183,000 or CAD 0.0019 per basic and diluted share.

For the second quarter ended March 31, 2013, the company reported restated revenue of CAD 2,791,000 against previously reported revenue of CAD 3,207,000. Restated loss before income taxes was CAD 611,000 against previously reported loss before income taxes of CAD 195,000. Restated net loss was CAD 484,000 or CAD 0.0049 per basic and diluted share against previously reported net loss of CAD 180,000 or CAD 0.0018 per basic and diluted share.

For the first quarter ended December 31, 2012, the company reported restated revenue of CAD 2,531,000 against previously reported revenue of CAD 2,393,000. Restated loss before income taxes was CAD 322,000 against previously reported loss before income taxes of CAD 460,000. Restated net loss was CAD 306,000 or CAD 0.0031 per basic and diluted share against previously reported net loss of CAD 406,000 or CAD 0.0041 per basic and diluted share.

For the year ended September 30, 2012, the company reported restated revenue of CAD 10,119,000 against previously reported revenue of CAD 10,472,000. Restated earnings before income taxes were CAD 97,000 against previously reported earnings before income taxes of CAD 450,000. Restated net loss was CAD 19,000 or CAD 0.0002 per basic and diluted share against previously reported net earnings of CAD 245,000 or CAD 0.0026 per basic and diluted share.

For the third quarter ended June 30, 2012, the company reported restated revenue of CAD 3,401,000 against previously reported revenue of CAD 3,349,000. Restated earnings before income taxes were CAD 329,000 against previously reported earnings before income taxes of CAD 277,000. Restated net earnings were CAD 176,000 or CAD 0.0018 per basic and diluted share against previously reported net earnings of CAD 138,000 or CAD 0.0014 per basic and diluted share.

For the second quarter ended March 31, 2012, the company reported restated revenue of CAD 2,432,000 against previously reported revenue of CAD 2,413,000. Restated loss before income taxes was CAD 390,000 against previously reported loss before income taxes of CAD 409,000. Restated net loss was CAD 298,000 or CAD 0.0031 per basic and diluted share against previously reported net loss of CAD 312,000 or CAD 0.0033 per basic and diluted share.

For the first quarter ended December 31, 2011, the company reported restated revenue of CAD 2,021,000 against previously reported revenue of CAD 2,081,000. Restated earnings before income taxes were CAD 463,000 against previously reported earnings before income taxes of CAD 523,000. Restated net earnings were CAD 288,000 or CAD 0.0035 per basic and diluted share against previously reported net earnings of CAD 337,000 or CAD 0.0041 per basic and diluted share.