PROFIT HOT 50

#33

Prolucid Technologies Inc.

Develops software for custom automation and product development

Inside track

Prolucid helps tech-forward firms in three sectors—medical devices, advanced manufacturing and smart-grid power systems—test and get their products to market. One such product is a device to help stroke and accident victims regain the use of their limbs.

Company Profile

Chief Executive(s): Bob Leigh & Darcy Bachert Head Office: Mississauga, Ont. Website: www.prolucid.ca

Company Financials

Growth 2009-11 (%): 262 Revenue 2011: 1,188,750 CAD Revenue 2009: 328,687 CAD
Profit Margin 2011: 0-10% Employees 2011: 10 Employees 2009: 3
Exports as % of Sales: 0    

Growth Tactic

Initially, many of Prolucid's projects ran for only a few months, leaving the firm struggling to plan for its resources needs. Prolucid tamed this uncertainty by entering verticals in which multi-year contracts are the norm.