Jovian Capital Corp. today released its quarterly report to shareholders, detailing results for the third quarter ended June 30, 2007.

Jovian reported a loss for the quarter of $0.1 million. This compares to earnings of $3.9 million for the corresponding period ended June 30, 2006.

Revenue for the quarter ended was $30.5 million, compared to $39.8 million in the prior year.

Jovian reported EBITDA (defined as earnings before interest, taxes, revaluation of share redemption liability, non-controlling interest, depreciation and amortization) of $2.2 million for the three months ended June 30, 2007, representing a diluted EBITDA per share of 2¢, compared to $8.1 million, or 7¢ per share for the same quarter in the previous year.

Total expenses for the three month period ended June 30, 2007, was $30.6 million, compared to $35.9 million in the corresponding quarter of the prior year, representing a decrease of $5.5 million or 15.2%.

Selling, general and administration expense was $8.3 million for the three months ended June 30, 2007, compared to $8.3 million during the same period the prior year. Selling, general and administration expense represents 27% of total revenues and comprises 27% of total expenses for the quarter ended June 30, 2007, compared to 21% of total revenues and 23% of total expenses for the quarter ended June 30, 2006.

Cash and only those investments considered cash equivalents, included under the title Securities Owned, were $27.5 million as at June 30, 2007, compared with $29.1 million as at June 30, 2006. Jovian continues to hold highly liquid assets due to its regulatory requirements and operational needs.

“Results for the three months reflect our ability to diversify our revenue sources to achieve more predictable financial results,” said Philip Armstrong, CEO, in a release. “Although non-recurring trading caused our total revenue and EBITDA to drop this quarter, the continued success of our recurring business ensures long term stability.”