New orders in the quarter were over CAD2 million resulting in a current backlog of CAD12.8 million. The backlog is up CAD3.8 million or 42% from March 31, 2008.
Gross profit in the first quarter of 2009 was CAD1,306,000, down CAD150,000 or 10% over the comparative period in the prior year. The first quarter gross margin percentage is down from the prior year margin primarily due to strategic marketing reasons associated with a few specific projects. Therefore, we see this decrease in gross margin as a one-time occurrence for this specific quarter.
EBITDA was a loss of CAD182,000 in the first quarter compared to a gain of CAD234,000 in the comparative period from last year. The main reasons for this loss are the decline in gross margin as described above, which we anticipate to be non-reoccurring. Secondly, a significant foreign exchange loss of CAD155,000 was realized as opposed to a CAD102,000 gain in 2008, which represents a swing in foreign exchange gains and losses of CAD257,000.
The year has started out well as we are significantly ahead of the first quarter of 2008. stated Peter Bruijns, president and chief executive officer. Our outlook continues to be very positive since we have a strong balance sheet and an increasing sales pipeline as a result of the various global economic stimulus packages and our advances into China. Furthermore, we are anticipating significant bookings in the remainder of the year keeping us in line with our 2009 targets.
At the end of the first quarter of 2009, the company generated cash flows of CAD160,000 from operations and has substantial cash liquidity in its CAD6.6 million of working capital. This strong working capital position is considered adequate to fund the future operating needs of the business for the foreseeable future.
