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Press releases
Novik commences expansion of its facilities
Quebec City, Quebec, May 21, 2008 – In order to support Novik’s (NVK) strong sales growth
to date and forecasted sales growth, the Board of Directors has approved a $5.5 million
equipment and plant...
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Novik receives initial order of over $7,000,000 for its new cedar plank
Quebec City, May 6, 2008 - Novik has signed a long term distribution agreement with a large European distributor for its new polymer cedar plank. The first order, in the magnitude of over $7...
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Novik anticipates strong sales growth in 1st quarter 2008
Quebec City, May 1st, 2008 – For its first quarter of 2008, Novik (NVK) anticipates sales over 40% higher than first quarter of 2007 and are above expectations. This is despite the slowdown in the...
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Novik exceeds sales & earnings goals for 2007
2007 fiscal year highlights
Record-breaking $15.2 million in sales; up 25% over 2006
Gross margin at 39%; up 7% over 2006
EBITDA adjusted increased to $2.5 million from $500,000...
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Quebec City, October 29, 2007 - Novik inc. (NVK) releases today its financial results for the third quarter for the period ended September 30, 2007.
THIRD QUARTER HIGHLIGHTS
Net income of $305,000 compared with $106,000
Revenue growth of 25% to $5.1 M
Gross margin increased from 34% to 40%
EBITDA increase in excess of...
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Saint-Augustin-de-Desmaures, October 24, 2007 - Novik wins a 2007 canadian innovation award
Saint-Augustin-de-Desmaures, October 24, 2007 - Novik Inc. (TSX-V : NVK) announced today its winning of the 20/20 Magazine’s Canadian Innovation Award for New Product Design &...
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St. John’s, October 23, 2007: Leading-edge technology and an innovative approach to new markets has earned Toronto’s Integran Corporation the title of Innovative Business of the Year.
St. John’s, October 23, 2007: Leading-edge technology and an innovative approach to new markets has earned Toronto’s Integran...
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Quebec City, August 20, 2007 - Novik inc. (NVK) releases today its financial results for the second quarter for the period ended June 30, 2007
SECOND QUARTER HIGHLIGHTS
Record sales of $4.5M
Sales growth of more than 20% compared with 2006
Net income of $311,000 compared with loss of $185,000 in 2006
...
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Quebec City, May 24, 2007 - Novik inc. (NVK) NOVIK reduces its loss in the first quarter
Reduction in net loss of nearly 10% in relation to 2006
International sales up 650% in relation to 2006
Cost reduction program confirmed into the first...
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St-Augustin-de-Desmaures, April 30, 2007 - Novik inc. (NVK) New markets open up for NOVIK
St-Augustin-de-Desmaures, Quebec, April 30, 2007 -
Novik Inc. (TSX-V: NVK) announced today that it has received an initial
order for its Noviclay® high barrel clay tile replica...
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Quebec City, April 25, 2007 - Novik inc. (NVK) RELEASES ITS 2006 ANNUAL RESULTS
- Sales increased by 8 % over 2005 to a record level of $12.2m
- International sales up 170 % compared to 2005
- June 2006 launch of polymer imitation slate and clay roof...
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St-Augustin-de-Desmaures, January 16, 2007 - Novik inc. (NVK) closes an agreement with the american giant Menards
St-Augustin-de-Desmaures, January 16, 2007 –
Novik Inc. (TSX-V: NVK), announces today that it has signed a
distribution agreement for its polymer slate tile replica roofing
system with...
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