Revenue for the 2008 pecuniary year was $20.9 million, up 19% compared with financial 2007 income of $17.6 million. The distend was due to increased membership sales by both existing clients and green accounts brought on during the year. Gross Profit increased 62% to $9.8 million in monetary 2008 from $6.1 million in budgetary 2007.
The further was attributable to the higher gate and a reduction in plain costs for both fulfillment and network services. The Company posted list numbers for its economic fourth Quarter as revenue, vulgar profit, operating proceeds and pay per share, all reached catalogue levels for the Company. Danny Wright, CEO, commented, "We are toffee-nosed of the single results we have posted for both the neighbourhood and the fiscal year.
We have steadily strived to create fervent partnerships with our clients and vendors and the results of these efforts are showing in our performance." Wright further stated, "In an money-making territory that is nearly unprecedented, we are mid those that pursue to ruminate improved operating results." The factors that influenced the Company's fiscal 2008 results also faked the 2008 fourth quarter. Revenue increased 8% to $5.5 million, versus $5.1 million in the fiscal 2007 fourth quarter. Gross of advantage was up 80% to $2.7 million from $1.5 million in the comparable 2007 period.
Net income, quondam to dividends, was $.8 million or $.05 per stake versus webbing detriment of $.2 million or ($0.02) per dispensation for the 2007 fourth quarter.
Additional expenses associated with the merger, including taxes and amortization, had a bodily repercussions on pattern year's reported results.
Esteemed opinion post: here
No comments:
Post a Comment