- SupportSoft reported financial results for Q1 2009 with total revenue of $10.5 million, down from $12.8 million in Q4 2008 and $11.6 million in Q1 2008.
- On a GAAP basis, net loss was $7.4 million or $0.16 per share for Q1 2009, compared to a net loss of $6.8 million or $0.15 per share for Q4 2008.
- On a non-GAAP basis, net loss was $5.3 million or $0.11 per share for Q1 2009, compared to a net loss of $3.4 million or $0.07 per share for Q4 2008
- Equifax reported revenue of $452.9 million for Q1 2009, a 10% decrease from Q1 2008. Net income was $54.4 million, down from $65.7 million in the prior year.
- Revenue grew 1% compared to Q4 2008, led by strong growth at TALX. Equifax also took steps to reduce operating expenses and recorded an $8.4 million restructuring charge.
- For Q2 2009, Equifax expects consolidated revenue to be comparable to up slightly from Q1 2009. Adjusted EPS is expected to be between $0.55 and $0.60.
The document summarizes Symantec's fiscal second quarter 2009 earnings conference call. It introduces the speakers and outlines that John Thompson will provide high-level comments on the company's performance, Enrique Salem will discuss quarterly highlights, and James Beer will review the financials and guidance. Thompson notes growth in revenue and margins despite economic challenges. Salem highlights softness in retail but growth in electronic sales for consumer security products. Beer will review the financial results and updated guidance.
Everi Holdings Investor Presentation November 2016Everi_Investors
The document provides an investor presentation for Everi Holdings Inc. for the quarter ended September 30, 2016. It includes:
- An overview of Everi's Games and Payments segments, highlighting key financial metrics such as revenue, adjusted EBITDA, and unit install base.
- A summary of Everi's third quarter 2016 results and recent developments, including new product launches.
- Updates on Everi's strategic priorities to increase its product library, distribution, and operating efficiencies.
- An analysis of Everi's secured leverage ratio and the minimum adjusted EBITDA required by its credit agreement covenants over the next few years.
Comverse Announces Fiscal 2013 Third Quarter Results Comverse, Inc.
- Comverse announced its fiscal 2013 third quarter results and will hold a conference call to discuss the results.
- Total revenue for Q3 2013 was $160.4 million, down from $185.2 million in Q3 2012. Net income was $23.1 million compared to a net loss of $10.6 million in Q3 2012.
- Segment performance for the BSS segment was $13.7 million in Q3 2013 compared to $10.8 million in Q3 2012. The VAS segment had a loss from operations of $31.6 million in Q3 2013.
- Lattice Semiconductor reported financial results for the first quarter of 2009, with revenue of $43.3 million, down 13% from the previous quarter and down 23% from the same quarter a year ago.
- FPGA revenue was up 9% from the previous quarter and up 14% from the same quarter a year ago, while PLD revenue was down 22% from the previous quarter and down 35% from a year ago.
- The company reported a net loss of $5.8 million for the quarter, compared to a net loss of $14.4 million in the previous quarter and $3.3 million in the same quarter a year ago.
- Unisys reported an operating profit of $22.6 million in Q2 2008 compared to $2.5 million in Q2 2007. Revenue declined 3% to $1.34 billion from $1.38 billion.
- Services orders grew single digits driven by outsourcing gains, while revenue declined due to weakness in financial services. Cash flow from operations more than doubled to $52 million from $23 million in Q2 2007.
- The company reported a net loss of $14 million or $0.04 per share, an improvement from a net loss of $65.5 million or $0.19 per share in Q2 2007.
The presentation discusses PFSweb, a provider of end-to-end ecommerce solutions for over 150 brands. It summarizes PFSweb's financial highlights including increasing service fee equivalent revenue and adjusted EBITDA from fiscal years 2013 to 2016. It also outlines PFSweb's strategy to address the global ecommerce services market through its offerings in digital agency services, technology services, operations, and global presence.
The document provides an investor presentation for Global Cash Access Holdings, Inc. following their acquisition of Multimedia Games Holding Company, Inc. in December 2014. The acquisition combines GCA's global cash access services business with Multimedia Games' gaming machine and systems manufacturing and supply business. Key points discussed include:
- The combination provides significant cross-selling opportunities, a more diversified and stable recurring revenue base, and expected annual synergies of $28 million.
- Multimedia Games has a growing gaming operations business with over 13,000 gaming units installed, as well as a machine sales segment where unit sales have increased at a 26% CAGR.
- The acquisition accelerates Multimedia Games' growth
- Equifax reported revenue of $452.9 million for Q1 2009, a 10% decrease from Q1 2008. Net income was $54.4 million, down from $65.7 million in the prior year.
- Revenue grew 1% compared to Q4 2008, led by strong growth at TALX. Equifax also took steps to reduce operating expenses and recorded an $8.4 million restructuring charge.
- For Q2 2009, Equifax expects consolidated revenue to be comparable to up slightly from Q1 2009. Adjusted EPS is expected to be between $0.55 and $0.60.
The document summarizes Symantec's fiscal second quarter 2009 earnings conference call. It introduces the speakers and outlines that John Thompson will provide high-level comments on the company's performance, Enrique Salem will discuss quarterly highlights, and James Beer will review the financials and guidance. Thompson notes growth in revenue and margins despite economic challenges. Salem highlights softness in retail but growth in electronic sales for consumer security products. Beer will review the financial results and updated guidance.
Everi Holdings Investor Presentation November 2016Everi_Investors
The document provides an investor presentation for Everi Holdings Inc. for the quarter ended September 30, 2016. It includes:
- An overview of Everi's Games and Payments segments, highlighting key financial metrics such as revenue, adjusted EBITDA, and unit install base.
- A summary of Everi's third quarter 2016 results and recent developments, including new product launches.
- Updates on Everi's strategic priorities to increase its product library, distribution, and operating efficiencies.
- An analysis of Everi's secured leverage ratio and the minimum adjusted EBITDA required by its credit agreement covenants over the next few years.
Comverse Announces Fiscal 2013 Third Quarter Results Comverse, Inc.
- Comverse announced its fiscal 2013 third quarter results and will hold a conference call to discuss the results.
- Total revenue for Q3 2013 was $160.4 million, down from $185.2 million in Q3 2012. Net income was $23.1 million compared to a net loss of $10.6 million in Q3 2012.
- Segment performance for the BSS segment was $13.7 million in Q3 2013 compared to $10.8 million in Q3 2012. The VAS segment had a loss from operations of $31.6 million in Q3 2013.
- Lattice Semiconductor reported financial results for the first quarter of 2009, with revenue of $43.3 million, down 13% from the previous quarter and down 23% from the same quarter a year ago.
- FPGA revenue was up 9% from the previous quarter and up 14% from the same quarter a year ago, while PLD revenue was down 22% from the previous quarter and down 35% from a year ago.
- The company reported a net loss of $5.8 million for the quarter, compared to a net loss of $14.4 million in the previous quarter and $3.3 million in the same quarter a year ago.
- Unisys reported an operating profit of $22.6 million in Q2 2008 compared to $2.5 million in Q2 2007. Revenue declined 3% to $1.34 billion from $1.38 billion.
- Services orders grew single digits driven by outsourcing gains, while revenue declined due to weakness in financial services. Cash flow from operations more than doubled to $52 million from $23 million in Q2 2007.
- The company reported a net loss of $14 million or $0.04 per share, an improvement from a net loss of $65.5 million or $0.19 per share in Q2 2007.
The presentation discusses PFSweb, a provider of end-to-end ecommerce solutions for over 150 brands. It summarizes PFSweb's financial highlights including increasing service fee equivalent revenue and adjusted EBITDA from fiscal years 2013 to 2016. It also outlines PFSweb's strategy to address the global ecommerce services market through its offerings in digital agency services, technology services, operations, and global presence.
The document provides an investor presentation for Global Cash Access Holdings, Inc. following their acquisition of Multimedia Games Holding Company, Inc. in December 2014. The acquisition combines GCA's global cash access services business with Multimedia Games' gaming machine and systems manufacturing and supply business. Key points discussed include:
- The combination provides significant cross-selling opportunities, a more diversified and stable recurring revenue base, and expected annual synergies of $28 million.
- Multimedia Games has a growing gaming operations business with over 13,000 gaming units installed, as well as a machine sales segment where unit sales have increased at a 26% CAGR.
- The acquisition accelerates Multimedia Games' growth
Michele Jones presents a professional portfolio to demonstrate her knowledge gained through her studies at Southern New Hampshire University. The portfolio contains three artifacts: 1) preparation of financial statements for Chester Inc. including ratio, horizontal, and vertical analysis comparing Chester to competitors, 2) a sample audit program for Newham Company including a business risk analysis, and 3) preparation of two tax memos providing tax advice. The analysis of Chester Inc.'s financial statements identified several variances that require further investigation to improve performance and liquidity issues. The capstone program helped Jones develop accounting tools and apply fair opinions to improve her certification pursuit.
The document provides a business risk analysis and sample audit program for Newham Company, which operates in the personal product industry. Key risks include a lawsuit over mislabeled products and loss of sales to Chinese companies. The audit program was developed based on a limited risk assessment. It focuses on investigating potential manipulation of financials to meet bonus requirements, such as by reviewing customer invoices and accounts for falsification. Other areas of concern are increases in returns/warranties and discrepancies in cash flows. Recommendations include verifying accounts, expenses, and reconciling cash.
- The company achieved comparable revenue growth for the first time since Q1 2016 and launched 13 new brands, many showing potential for growth.
- The net loss and adjusted EBITDA improved 7% compared to the previous year. Digital sales increased 240 basis points to 53.0% of total sales.
- Guidance for 2018 affirms expectations of normalized sales growth between 2-5% and adjusted EBITDA growth between 5-17%.
The document is an investor presentation for a company's fourth quarter 2015 results. It includes a safe harbor statement noting forward-looking statements are subject to risks and uncertainties. It provides key metrics such as a 47% increase in cable/satellite homes reached, 50% year-over-year growth in mobile sales, and a 5% increase in average selling price. Adjusted EBITDA is used as a performance metric and reconciliation is provided excluding special items like restructuring costs. Financial summaries of income statements and balance sheets are also presented.
The document discusses various topics related to managing financial resources for an organization. It covers elements of cost for a business including material, labor, and overhead costs. It also discusses information required to manage financial resources such as labor costs, material costs, overhead costs, and revenue. Regulatory requirements and accountability to stakeholders are important considerations when managing financial resources. Budgetary control is a key method used by Royal Dutch Shell PLC to manage its finances.
Extreme Networks reported its fiscal Q4 and full year 2011 financial results. For Q4, total revenue was $89.8 million, up from $85.5 million in Q4 2010. Product revenue was $73.8 million, up 4% year-over-year. For fiscal year 2011, total revenue was $334.4 million, up 8% from 2010, with product revenue of $274.4 million, up 10% from 2010. The company reported a non-GAAP net income of $2.1 million for Q4 and $7.5 million for the full year. The company expects revenue of $74-80 million for Q1 2012 and $320-340 million for fiscal
In 3 sentences:
Aimia reported strong financial results for Q4 2014 and FY 2014, meeting or exceeding guidance across key metrics like gross billings and adjusted EBITDA. The Aeroplan program transformation delivered exceptional growth results but also impacted margins as expected due to factors like welcome bonus miles and marketing programs. While some challenges were expected from economic factors in certain regions, Aimia provided guidance for continued growth in 2015 supported by its global coalition programs and proprietary loyalty solutions.
marriott international 2008 Q4 Earnings Call Transcript with Q&Afinance20
Marriott International reported challenging results for Q4 2008 and full year 2008 due to the difficult economic environment. Systemwide RevPAR declined 8% in Q4 both in North America and outside North America. Marriott is actively managing costs and reducing investments to prepare for continued weak demand according to two forecast scenarios. First quarter 2009 is expected to be particularly difficult with estimated RevPAR declines of 17% in North America and 15% outside North America, and total fee revenue declining 20-25%. However, Marriott remains focused on gaining market share and has significant available capital to withstand the downturn.
This document is a transcript of Realogy Corporation's third quarter 2008 earnings call from November 7, 2008. In the call, Realogy's President and CEO Richard Smith discusses the company's performance in light of the difficult housing market and economic conditions. He notes that home sales and prices declined year-over-year for Realogy, in line with industry trends, but that Realogy has strengths like its scale and brands that provide advantages over competitors during the downturn. Smith also highlights growth areas such as the launch of the new Better Homes and Gardens Real Estate franchise brand.
BGC Partners reported financial results for the second quarter of 2016. Revenues declined slightly year-over-year but pre-tax and post-tax distributable earnings increased due to improved margins. The financial services segment saw higher pre-tax profits and margins despite the sale of the Trayport business, driven by growth in fully electronic trading. BGC completed its acquisition of Sunrise Brokers Group and CRE Group to expand its offerings.
Third quarter 2016 earnings presentation by MPG:
- Net sales of $676 million were down 9% from Q3 2015 due to macroeconomic headwinds and planned attrition of non-core businesses. Adjusted EBITDA was $114 million.
- Year-to-date net sales were $2.14 billion, down 7% from 2015, and adjusted EBITDA was $386 million. Results were impacted by foreign exchange rates, metals prices and volume declines in commercial and industrial markets.
- The company is tracking to the lower end of its full-year guidance and expects continued strong margins and cash flow despite market challenges.
MPG provides a presentation on its financial results and business prospects. It discusses forward-looking statements and risks that could impact financial estimates. It also defines several non-GAAP financial measures it uses to evaluate performance, such as Combined Net Sales, Adjusted EBITDA, Adjusted Free Cash Flow, and Adjusted EPS. MPG describes its business as a powerful cash flow engine with strong margins and market positions in powertrain applications. It sees opportunities for long-term growth through its leadership in advanced metal processes.
Genuine Parts Company reported financial results for the second quarter and first half of 2009, with sales and earnings decreasing compared to the same periods in 2008 due to difficult economic conditions. Sales were down 12% for the quarter and 11% year-to-date, while net income decreased 22% and 25% respectively. The automotive and office products groups saw smaller sales declines than the industrial and electrical groups. The company remains financially strong with a healthy balance sheet and cash flows.
- Amdocs reported quarterly revenue of $711 million, in line with their guidance of $700-720 million. Their non-GAAP operating income was $128 million with an 18% margin.
- Their 12-month backlog was $2.37 billion. For the third quarter, they expect revenue of $670-690 million and non-GAAP EPS of $0.46-0.50.
This investor presentation discusses DMC's financial highlights and global business operations. It provides cautionary statements about forward-looking projections and explains how non-GAAP financial measures are used. DMC has three business segments and a diversified customer base. It is the dominant provider of explosion-welded clad metal plates and has a global network of production and sales facilities.
The document provides an overview of Dynamic Materials Corporation (DMC) and includes cautionary statements about forward-looking projections. It discusses DMC's three business segments, financial highlights, global operations, and competing cladding technologies. DMC is a leading provider of explosion-welded metal plates and has operations in explosive metalworking, oilfield products, and welding. The document reviews DMC's markets, growth strategy, and historical financial and operational performance.
This document summarizes Microsoft's accounting policies and procedures. It discusses how the company prepares its financial statements according to generally accepted accounting principles in the US. It also describes Microsoft's policies for revenue recognition, cost of revenue, research and development costs, advertising costs, income taxes, financial instruments, and use of derivatives.
- Level 3 reported second quarter 2015 results on July 29, 2015
- Core Network Services revenue grew 5.4% year-over-year on a constant currency basis
- Adjusted EBITDA grew to $665 million with a margin of 32.3%
- The company generated $102 million in free cash flow and reduced annualized interest expenses through capital markets transactions
This document provides a summary and analysis of Chester Inc.'s financial performance over the last three years. Key points include:
- Ratios such as current, quick, and cash flow coverage ratios have declined, indicating weaker liquidity. Inventory levels have risen sharply.
- Profitability ratios like return on assets and equity are positive but below competitors. Net profit margins have decreased.
- Efficiency ratios show inventory and receivables turnover declining, suggesting issues with inventory management and slower collection of debts.
- Expanding internationally would require Chester to adopt International Financial Reporting Standards for financial reporting.
- The document summarizes Vectren Corporation's 2009 1st quarter earnings conference call.
- Vectren reported 1st quarter 2009 earnings of $72.8 million, or $0.90 per share, compared to $64.0 million, or $0.84 per share in 2008.
- Earnings were driven by strong utility performance despite lower customer usage from economic conditions, and increased nonutility earnings from energy marketing, coal mining, and infrastructure services.
Craftmade International Inc. filed its annual report on Form 10-K for the fiscal year ended June 30, 2009. The report discusses the company's two segments - Specialty and Mass - which have been impacted by the economic downturn and decline in housing. In January 2008, the company acquired certain assets of Woodard, LLC, expanding its outdoor furniture offerings. Lowe's remains its largest customer although there are no long-term contracts. The report provides an overview of the company's business operations and financial information.
1) Interphase Corporation reported financial results for Q1 2009 with revenues of $8.4 million, a 13% increase over Q1 2008. Revenues increased 61% sequentially from Q4 2008.
2) The company reported a net income of $707,000 or $0.11 per share for Q1 2009 compared to a net loss in Q1 2008.
3) Interphase's balance sheet remains strong with $26.4 million in working capital including $17.4 million in cash and marketable securities as of March 31, 2009.
Michele Jones presents a professional portfolio to demonstrate her knowledge gained through her studies at Southern New Hampshire University. The portfolio contains three artifacts: 1) preparation of financial statements for Chester Inc. including ratio, horizontal, and vertical analysis comparing Chester to competitors, 2) a sample audit program for Newham Company including a business risk analysis, and 3) preparation of two tax memos providing tax advice. The analysis of Chester Inc.'s financial statements identified several variances that require further investigation to improve performance and liquidity issues. The capstone program helped Jones develop accounting tools and apply fair opinions to improve her certification pursuit.
The document provides a business risk analysis and sample audit program for Newham Company, which operates in the personal product industry. Key risks include a lawsuit over mislabeled products and loss of sales to Chinese companies. The audit program was developed based on a limited risk assessment. It focuses on investigating potential manipulation of financials to meet bonus requirements, such as by reviewing customer invoices and accounts for falsification. Other areas of concern are increases in returns/warranties and discrepancies in cash flows. Recommendations include verifying accounts, expenses, and reconciling cash.
- The company achieved comparable revenue growth for the first time since Q1 2016 and launched 13 new brands, many showing potential for growth.
- The net loss and adjusted EBITDA improved 7% compared to the previous year. Digital sales increased 240 basis points to 53.0% of total sales.
- Guidance for 2018 affirms expectations of normalized sales growth between 2-5% and adjusted EBITDA growth between 5-17%.
The document is an investor presentation for a company's fourth quarter 2015 results. It includes a safe harbor statement noting forward-looking statements are subject to risks and uncertainties. It provides key metrics such as a 47% increase in cable/satellite homes reached, 50% year-over-year growth in mobile sales, and a 5% increase in average selling price. Adjusted EBITDA is used as a performance metric and reconciliation is provided excluding special items like restructuring costs. Financial summaries of income statements and balance sheets are also presented.
The document discusses various topics related to managing financial resources for an organization. It covers elements of cost for a business including material, labor, and overhead costs. It also discusses information required to manage financial resources such as labor costs, material costs, overhead costs, and revenue. Regulatory requirements and accountability to stakeholders are important considerations when managing financial resources. Budgetary control is a key method used by Royal Dutch Shell PLC to manage its finances.
Extreme Networks reported its fiscal Q4 and full year 2011 financial results. For Q4, total revenue was $89.8 million, up from $85.5 million in Q4 2010. Product revenue was $73.8 million, up 4% year-over-year. For fiscal year 2011, total revenue was $334.4 million, up 8% from 2010, with product revenue of $274.4 million, up 10% from 2010. The company reported a non-GAAP net income of $2.1 million for Q4 and $7.5 million for the full year. The company expects revenue of $74-80 million for Q1 2012 and $320-340 million for fiscal
In 3 sentences:
Aimia reported strong financial results for Q4 2014 and FY 2014, meeting or exceeding guidance across key metrics like gross billings and adjusted EBITDA. The Aeroplan program transformation delivered exceptional growth results but also impacted margins as expected due to factors like welcome bonus miles and marketing programs. While some challenges were expected from economic factors in certain regions, Aimia provided guidance for continued growth in 2015 supported by its global coalition programs and proprietary loyalty solutions.
marriott international 2008 Q4 Earnings Call Transcript with Q&Afinance20
Marriott International reported challenging results for Q4 2008 and full year 2008 due to the difficult economic environment. Systemwide RevPAR declined 8% in Q4 both in North America and outside North America. Marriott is actively managing costs and reducing investments to prepare for continued weak demand according to two forecast scenarios. First quarter 2009 is expected to be particularly difficult with estimated RevPAR declines of 17% in North America and 15% outside North America, and total fee revenue declining 20-25%. However, Marriott remains focused on gaining market share and has significant available capital to withstand the downturn.
This document is a transcript of Realogy Corporation's third quarter 2008 earnings call from November 7, 2008. In the call, Realogy's President and CEO Richard Smith discusses the company's performance in light of the difficult housing market and economic conditions. He notes that home sales and prices declined year-over-year for Realogy, in line with industry trends, but that Realogy has strengths like its scale and brands that provide advantages over competitors during the downturn. Smith also highlights growth areas such as the launch of the new Better Homes and Gardens Real Estate franchise brand.
BGC Partners reported financial results for the second quarter of 2016. Revenues declined slightly year-over-year but pre-tax and post-tax distributable earnings increased due to improved margins. The financial services segment saw higher pre-tax profits and margins despite the sale of the Trayport business, driven by growth in fully electronic trading. BGC completed its acquisition of Sunrise Brokers Group and CRE Group to expand its offerings.
Third quarter 2016 earnings presentation by MPG:
- Net sales of $676 million were down 9% from Q3 2015 due to macroeconomic headwinds and planned attrition of non-core businesses. Adjusted EBITDA was $114 million.
- Year-to-date net sales were $2.14 billion, down 7% from 2015, and adjusted EBITDA was $386 million. Results were impacted by foreign exchange rates, metals prices and volume declines in commercial and industrial markets.
- The company is tracking to the lower end of its full-year guidance and expects continued strong margins and cash flow despite market challenges.
MPG provides a presentation on its financial results and business prospects. It discusses forward-looking statements and risks that could impact financial estimates. It also defines several non-GAAP financial measures it uses to evaluate performance, such as Combined Net Sales, Adjusted EBITDA, Adjusted Free Cash Flow, and Adjusted EPS. MPG describes its business as a powerful cash flow engine with strong margins and market positions in powertrain applications. It sees opportunities for long-term growth through its leadership in advanced metal processes.
Genuine Parts Company reported financial results for the second quarter and first half of 2009, with sales and earnings decreasing compared to the same periods in 2008 due to difficult economic conditions. Sales were down 12% for the quarter and 11% year-to-date, while net income decreased 22% and 25% respectively. The automotive and office products groups saw smaller sales declines than the industrial and electrical groups. The company remains financially strong with a healthy balance sheet and cash flows.
- Amdocs reported quarterly revenue of $711 million, in line with their guidance of $700-720 million. Their non-GAAP operating income was $128 million with an 18% margin.
- Their 12-month backlog was $2.37 billion. For the third quarter, they expect revenue of $670-690 million and non-GAAP EPS of $0.46-0.50.
This investor presentation discusses DMC's financial highlights and global business operations. It provides cautionary statements about forward-looking projections and explains how non-GAAP financial measures are used. DMC has three business segments and a diversified customer base. It is the dominant provider of explosion-welded clad metal plates and has a global network of production and sales facilities.
The document provides an overview of Dynamic Materials Corporation (DMC) and includes cautionary statements about forward-looking projections. It discusses DMC's three business segments, financial highlights, global operations, and competing cladding technologies. DMC is a leading provider of explosion-welded metal plates and has operations in explosive metalworking, oilfield products, and welding. The document reviews DMC's markets, growth strategy, and historical financial and operational performance.
This document summarizes Microsoft's accounting policies and procedures. It discusses how the company prepares its financial statements according to generally accepted accounting principles in the US. It also describes Microsoft's policies for revenue recognition, cost of revenue, research and development costs, advertising costs, income taxes, financial instruments, and use of derivatives.
- Level 3 reported second quarter 2015 results on July 29, 2015
- Core Network Services revenue grew 5.4% year-over-year on a constant currency basis
- Adjusted EBITDA grew to $665 million with a margin of 32.3%
- The company generated $102 million in free cash flow and reduced annualized interest expenses through capital markets transactions
This document provides a summary and analysis of Chester Inc.'s financial performance over the last three years. Key points include:
- Ratios such as current, quick, and cash flow coverage ratios have declined, indicating weaker liquidity. Inventory levels have risen sharply.
- Profitability ratios like return on assets and equity are positive but below competitors. Net profit margins have decreased.
- Efficiency ratios show inventory and receivables turnover declining, suggesting issues with inventory management and slower collection of debts.
- Expanding internationally would require Chester to adopt International Financial Reporting Standards for financial reporting.
- The document summarizes Vectren Corporation's 2009 1st quarter earnings conference call.
- Vectren reported 1st quarter 2009 earnings of $72.8 million, or $0.90 per share, compared to $64.0 million, or $0.84 per share in 2008.
- Earnings were driven by strong utility performance despite lower customer usage from economic conditions, and increased nonutility earnings from energy marketing, coal mining, and infrastructure services.
Craftmade International Inc. filed its annual report on Form 10-K for the fiscal year ended June 30, 2009. The report discusses the company's two segments - Specialty and Mass - which have been impacted by the economic downturn and decline in housing. In January 2008, the company acquired certain assets of Woodard, LLC, expanding its outdoor furniture offerings. Lowe's remains its largest customer although there are no long-term contracts. The report provides an overview of the company's business operations and financial information.
1) Interphase Corporation reported financial results for Q1 2009 with revenues of $8.4 million, a 13% increase over Q1 2008. Revenues increased 61% sequentially from Q4 2008.
2) The company reported a net income of $707,000 or $0.11 per share for Q1 2009 compared to a net loss in Q1 2008.
3) Interphase's balance sheet remains strong with $26.4 million in working capital including $17.4 million in cash and marketable securities as of March 31, 2009.
- Susquehanna Bancshares reported net income of $1.9 million for Q1 2009, down significantly from $28 million in Q1 2008, due to a rise in loan loss provisions and FDIC insurance costs.
- Loans grew 10% year-over-year led by increases in commercial and real estate loans. Deposits grew 3% while net interest margin declined.
- Non-performing assets rose to 1.73% of total loans and OREO from 1.03% a year earlier as charge-offs increased and credit quality deteriorated in the economic downturn.
In the last past months we at RockeTier were working with several large organizations in three aspects: 1) boosting existing software performance (lean projects); 2) design new systems which are capable process billions of events per day based on commodity hardware and software and 3) establishing processes in large organization that support the life cycle of performance from event management, problem management to establishing a continues performance boosting to the organization systems from RFI to production. This presentation was presented to a large telecommunication industry company. This company is considering implementing a 360 degrees performance boosting project along its main product lines.
The document contains design drawings and specifications for signage at the Jumeirah Messilah Beach Hotel project in Qatar, including details for wall-mounted and freestanding signs identifying areas of the hotel and providing directions. The drawings provide dimensions, materials, mounting methods, and color specifications for over a dozen different sign types. Notes indicate the designer's intent and responsibilities of the fabricator in developing construction documents and verifying site conditions.
Idaho ICMA - Fiscal Health PresentationChris Fabian
This document provides an overview of achieving fiscal health and wellness through priority based budgeting. It discusses four key approaches to achieving fiscal health: 1) spending within your means by distinguishing ongoing vs one-time revenues and expenditures, 2) establishing and maintaining reserves, 3) understanding variances between budgets and actuals, and 4) being transparent about the true cost of doing business. For each approach, it provides diagnostics to assess an organization and available treatments to improve. The document is intended to help elected officials think strategically about key fiscal questions and make financially sound decisions.
The students created a map on their classroom wall showing the origins of their families, connecting colored strings from grandparents' hometowns in various countries to the students' four hometowns. The map revealed that half of the French students' families came from abroad, from countries like Italy, Germany, and North Africa, showing France has long been an immigrant nation. In contrast, the Polish students' families were all native to Poland, and the same was true for most Norwegian and Southern Italian students, though those countries have recently seen more immigration from Africa. Creating the map helped the students understand how migration has interconnected the peoples and histories of different European countries.
SKF reported lower sales and profits for the third quarter of 2009 compared to the previous year, due to the economic downturn reducing demand, but cash flow remained strong. While some divisions like automotive struggled, others like industrial showed signs of stabilizing. SKF continued restructuring efforts and expected a slight sequential improvement in the fourth quarter, but sales would still be significantly lower than the previous year.
This document is Schawk Inc's quarterly report filed with the SEC for the quarter ending March 31, 2009. It includes the company's consolidated financial statements and notes. It discusses the company's balance sheet, reporting a decrease in total assets from $440 million at the end of 2008 to $435 million at the end of the first quarter of 2009. It also reports a decrease in total liabilities from $239 million to $243 million over the same period. The report provides Management's Discussion and Analysis of the company's financial condition and results.
The document provides an overview of Sallie Mae's business fundamentals and financial outlook. It discusses that Sallie Mae has:
1) Strong fundamentals in student lending, competitive scale, and assured FFELP profits through 2010.
2) Adequate liquidity to meet debt obligations and unlimited funding for new FFELP loans through 2009/2010.
3) Expanding deposit funding and $20 billion in expected FFELP originations for 2008/2009.
4) Private loan originations increased despite economic challenges, with improving credit quality in recent vintages.
- Keynote Systems reported financial results for its fiscal first quarter ended December 31, 2008, with total revenue increasing 16.5% year-over-year to $20.6 million.
- Net income improved to $0.06 per diluted share compared to a net loss of $0.04 per share in the prior year. Non-GAAP earnings were $0.18 per diluted share versus $0.06 in the previous year.
- The company exceeded revenue and earnings guidance for the quarter and generated positive operating cash flow and free cash flow.
- Symantec held an earnings call to discuss its fiscal second quarter 2009 results. The call included comments from the CEO, COO, and CFO.
- While revenue grew year-over-year, softness in the retail sector and IT spending slowdown impacted results. Currency fluctuations also negatively affected revenue.
- However, storage, backup, archiving, and large enterprise deals performed well. New products were also highlighted.
- Margins increased through cost savings and efficiencies. Guidance was updated to reflect economic uncertainties.
The document is a transcript of an earnings call by Extreme Networks discussing their Q4 2011 financial results. Some key points:
- Revenue for Q4 was $89.8 million, up 19% from Q3 and 5% from Q4 2010, exceeding guidance.
- For all of FY2011, revenue was $334.4 million, up 8% from 2010.
- Gross margin for Q4 was 54.3%, down slightly from Q3 due to lower product margins from discounts.
- Operating expenses increased in Q4 due to higher sales commissions from increased revenue.
- EPS for Q4 is estimated to be $0.02, compared to guidance of $0.03-0
- Extreme Networks reported 12% product revenue growth in North America and EMEA in Q4 2010, with product revenue increasing 17% in North America and 22% in EMEA.
- For the full 2010 fiscal year, net revenue was $309 million compared to $336 million the prior year, with non-GAAP net income of $11.7 million versus $8.9 million in 2009.
- For Q1 2011, the company expects revenue of $81-84 million and non-GAAP net income of $0.04-0.06 per share.
Conexant reported its financial results for the first quarter of fiscal year 2009. Revenue was $86.5 million, core gross margin was 54.1% of revenue, and core operating income was $3.3 million. On a GAAP basis, operating loss was $0.4 million and net loss was $10.5 million. Conexant also completed expense reductions, eliminating around 140 positions, expected to save $4 million per quarter. For the second quarter, Conexant expects revenue between $68-74 million, core gross margin of 52-53%, and a core operating loss of $3-7 million.
Yahoo reported financial results for the second quarter of 2009. Revenues declined 13% year-over-year to $1.573 billion, exceeding the midpoint of guidance. Non-GAAP net income was $229 million, up 2% year-over-year. The CEO stated that Yahoo is focused on creating innovative products to increase user engagement and offer a compelling advertising proposition. For Q3 2009, Yahoo expects revenues of $1.45-1.55 billion and non-GAAP operating income of $330-370 million.
- The document is an investor presentation for a company's third quarter 2016 financial results.
- It highlights improvements in adjusted EBITDA (+1,400%), earnings per share (+33%), gross profit margin (+210 bps), and total cash (+219%) compared to the third quarter of 2015.
- The presentation includes sections on financial highlights, operating metrics, and financial statements to summarize the company's performance and financial position.
- Revenue ex-TAC decreased 1% YOY to $1.071 billion in Q2'13. Search revenue ex-TAC increased 5% YOY.
- Adjusted EBITDA decreased 7% YOY to $369 million in Q2'13. Non-GAAP operating income decreased 13% YOY to $209 million.
- The company repurchased 25.3 million shares for $653 million in Q2'13, essentially completing its commitment to return $3.65 billion from Alibaba proceeds to shareholders.
Hospira reported its first-quarter 2009 results, with net sales of $860 million and adjusted diluted EPS of $0.60. The company affirmed its full-year sales projection of 4-6% growth on a constant currency basis and narrowed its EPS guidance to the upper end of its prior range of $2.67-$2.72. First quarter results showed solid sales and earnings growth despite economic uncertainty, driven by improved manufacturing efficiency and favorable volume mix.
MGM Resorts International reported financial results for the fourth quarter and full year of 2017. Key highlights include:
- Net income of $1.4 billion for Q4 2017 and $2.0 billion for the full year, boosted by a one-time tax benefit.
- Consolidated revenues increased 6% in Q4 2017 and 14% for the full year.
- Domestic resorts adjusted EBITDA rose 1% in Q4 2017 and 22% for the full year, demonstrating continued margin growth.
- The company increased its quarterly dividend by 9% and expanded share repurchases, returning capital to shareholders.
- Recent openings like MGM COTAI in Macau and
Tempur-Pedic reported first quarter earnings of $0.18 per share, maintaining guidance while reducing sales guidance. Net sales declined 28% to $177.1 million due to lower mattress and pillow sales globally and internationally. However, gross profit margin increased 250 basis points to 46.2% due to lower costs and pricing actions.
This document provides a summary of an enhanced reporting presentation by Ameriprise Financial on December 4, 2007. It discusses the new segments that Ameriprise will report, including Advice & Wealth Management, Asset Management, Annuities, Protection, and Corporate & Other. The presentation aims to increase transparency and link metrics and financial results to demonstrate how the businesses create economic value. It provides an overview of the segments and discusses transfer pricing between segments. The majority of the presentation focuses on reviewing the income statements of each new segment.
The investor presentation summarizes tronc's financial outlook and digital strategy. It expects full-year 2016 revenue to be down 4.0% and adjusted EBITDA to be up 15.0% compared to 2015. For 2017, tronc forecasts revenue of $1.57-$1.6 billion and adjusted EBITDA of $185-$195 million. The presentation also outlines tronc's plans to build a billion dollar online media network through growing its digital audiences and launching new products.
This document provides an earnings presentation for Q4 2017. Key points include:
- The company delivered its first year of positive net income since 2007 and highest adjusted EBITDA since 2010.
- Digital sales increased to 54% of total sales in Q4 2017, up from prior year.
- The company launched its programming in over 10 million additional HD homes in 2017.
- 2018 guidance forecasts 2-5% normalized sales growth and adjusted EBITDA of $19-21 million, representing 5-17% growth.
Third Quarter 2013 MeetMe Earnings PresentationMeetMeCorp
- The document discusses forward-looking statements made by MeetMe, Inc. regarding its financial projections and strategies. These statements involve risks and uncertainties.
- MeetMe discusses its plans to enhance its core app, create new standalone apps, implement a new video approach with Charm, simplify the MeetMe app, and collaborate with advertising partners. It states these efforts aim to increase user engagement, accelerate user growth, and improve monetization.
- However, the document cautions that MeetMe's ability to achieve its goals depends on successfully launching new products and features, attracting users to try them, and the performance of its advertising partners. It notes actual results could differ from forward-looking statements.
This document is Microsoft Corporation's annual report (Form 10-K) filed with the SEC for the fiscal year ended June 30, 2007. It provides information on Microsoft's business operations, operating segments, products, competition, and financial statements. The main points are:
- Microsoft has five operating segments: Client, Server and Tools, Online Services Business, Microsoft Business Division, and Entertainment and Devices Division.
- The Client segment includes Windows operating systems for personal computers. Server and Tools develops software server products and services. Online Services Business provides online services like search and portals.
- Microsoft faces strong competition across its business segments from companies offering alternative software platforms, online offerings, and devices.
- Financial
This document is Microsoft Corporation's annual report (Form 10-K) filed with the SEC for the fiscal year ended June 30, 2007. It provides information on Microsoft's business operations, operating segments, products, competition, and financial statements. The main points are:
- Microsoft has five operating segments: Client, Server and Tools, Online Services Business, Microsoft Business Division, and Entertainment and Devices Division.
- The Client segment includes Windows operating systems for personal computers. Server and Tools develops software server products and services. Online Services Business provides online services like search and portals.
- Microsoft faces strong competition across its business segments from companies offering alternative software solutions, online offerings, and devices.
- Financial
1) Masonite reported strong growth in 1Q16 with net sales increasing 13% to $489.3 million and adjusted EBITDA growing 54% to $58.2 million.
2) All three of Masonite's reporting segments - North American Residential, Europe, and Architectural - experienced adjusted EBITDA growth in 1Q16 and double digit increases in net sales.
3) The improved results were driven by a stronger housing market in North America and solid execution across Masonite's business segments.
Similar to Q1 2009 Earning Report of Supportsoft Inc. (20)
Daimler reported its Q3 2009 results, with the automotive market continuing to experience a slump. Key points include:
- Group sales were €19.3 billion in Q3, with an EBIT of €0.5 billion excluding special items.
- Mercedes-Benz Cars achieved a positive EBIT of €355 million in Q3 due to the availability of new models and cost measures.
- Daimler Trucks reported an EBIT loss of €127 million in Q3 due to weak demand and charges from repositioning.
- Daimler aims to further improve earnings in Q4 through new models and ongoing efficiency programs.
A. Schulman reported fiscal fourth-quarter and full-year 2009 results, with strong margins and excellent liquidity. For the quarter, gross margins reached 16.3% compared to 12.1% last year. North America approached break-even despite lower volumes. Cash on hand exceeded $228 million with over $300 million available in credit lines. For the full year, net sales were $1.28 billion, down 35.5% from last year. Gross margins increased to 13.3% from 11.8% last year, and income from continuing operations was $11.2 million.
BB&T Corporation presented its fourth quarter 2009 investor presentation. The presentation highlighted BB&T's strategic acquisition of Colonial Bank, which enhanced its franchise in key Southeastern markets. The Colonial transaction was deemed financially attractive and expected to be accretive to earnings, exceeding BB&T's merger criteria. BB&T has a proven track record of successfully integrating acquisitions and anticipated achieving annual cost savings of $170 million from the Colonial deal.
Brown & Brown Inc. reported a 1% increase in net income for the third quarter of 2009 compared to the same period in 2008. Total revenue decreased 1% for the quarter. Net income for the first nine months of 2009 was up slightly compared to the same period last year, while total revenue increased slightly. The company stated that results reflected a challenging operating environment with declines in insurable exposure units and soft market rates.
Boston Scientific reported financial results for the third quarter of 2009. Net sales increased 3% to $2.025 billion and adjusted EPS was $0.19. Reported GAAP EPS was $0.13. The company maintained its leadership in the worldwide DES market with a 41% share. Worldwide CRM product sales increased 8% and Endosurgery sales increased 8%. Guidance for Q4 2009 estimates net sales of $2.025-$2.125 billion and adjusted EPS of $0.17-$0.21. Full year 2009 guidance estimates net sales of $8.134-$8.234 billion and adjusted EPS of $0.75-$0.79.
Boston Scientific reported financial results for the third quarter of 2009. Net sales increased 3% to $2.025 billion and adjusted EPS was $0.19. Reported GAAP EPS was $0.13. The company maintained its leadership in the worldwide DES market with a 41% share. Worldwide CRM product sales increased 8% and Endosurgery sales increased 8%. Guidance for Q4 2009 estimates net sales of $2.025-$2.125 billion and adjusted EPS of $0.17-$0.21. Full year 2009 guidance estimates net sales of $8.134-$8.234 billion and adjusted EPS of $0.75-$0.79.
This document is Atheros Communications' quarterly report filed with the SEC for the quarter ended September 30, 2009. It includes Atheros' condensed consolidated financial statements, with assets of $676 million and liabilities of $103 million. It also provides management's discussion of the company's financial condition and operating results, and discusses risks including the economic downturn and competition in the wireless LAN market. The report includes certifications of the CEO and CFO regarding financial controls.
- The document is Apple Inc.'s Form 10-Q quarterly report filed with the SEC for the quarter ended June 27, 2009.
- It provides Apple's condensed consolidated financial statements and notes to the financial statements for the quarter.
- The financial statements show that Apple's net sales increased 12% to $8.3 billion for the quarter compared to $7.5 billion in the same quarter the previous year, while net income increased 15% to $1.2 billion from $1.1 billion.
Hancock Holding Company announced its financial results for the third quarter of 2009. Net income increased 10.7% from the previous quarter to $15.2 million. Key factors were lower loan loss provisions and an expanded net interest margin. Non-performing assets rose slightly while net charge-offs decreased. Total assets declined 3.4% but the company remained well capitalized, with tangible equity ratio rising to 8.71%.
This document provides an agenda and highlights for Walgreen Co.'s 4th quarter and fiscal year 2009 conference call with investors. It includes introductions, a discussion of 4Q and FY performance and strategies, financial results, and a Q&A session. Key metrics highlighted are 7.6% sales growth and a 1.5% decline in net earnings for 4Q, and 7.3% sales growth and a 7% decline in net earnings for FY2009. The document also outlines Walgreen's strategies around healthcare reform, the flu season, and expanding their business model.
1) Infosys Technologies reported financial results for the quarter ending September 30, 2009, with revenues of $1.154 billion, a 5.1% decline from the previous year. Net income was $317 million, a 0.9% decline.
2) For the quarter ending December 31, 2009, Infosys expects revenues between $1.155-1.165 billion, a 1.4-0.5% decline from the previous year, and earnings per share of $0.50, a 13.8% decline.
3) For the full fiscal year ending March 31, 2010, Infosys expects revenues between $4.60-4.62 billion, a 1
Marriott International reported financial results for the third quarter of 2009. Key highlights include:
- Revenue declined to $2.5 billion compared to $3 billion in Q3 2008 due to weaker demand.
- Net income declined 57% to $53 million compared to the prior year.
- REVPAR declined 23.5% worldwide and 20.6% in North America.
- The company added 79 new properties and expects to open over 33,000 new rooms in 2009.
PepsiCo held its 2009 Q3 earnings call on October 8, 2009. In the call, PepsiCo reaffirmed its guidance for 2009 of mid-to-high single digit constant currency net revenue and core EPS growth. PepsiCo also set a 2010 target of 11-13% core constant currency EPS growth, assuming the closing of acquisitions of PBG and PAS in early 2010. PepsiCo reported 5% constant currency net revenue growth and 8% core constant currency EPS growth in Q3 2009. PepsiCo highlighted investments planned for 2010 in areas such as R&D, emerging markets, brands, IT infrastructure, sustainability, and developing its employees.
- Alcoa held its 3rd quarter 2009 earnings conference call on October 7, 2009
- The call discussed Alcoa's financial results for the 3rd quarter of 2009 as well as the current state and outlook of the aluminum market
- Key highlights included income from continuing operations of $73 million, revenue up 9% sequentially, and initiatives offsetting currency and energy headwinds
The Pepsi Bottling Group reported third quarter 2009 results. Comparable diluted EPS was $1.06 and reported diluted EPS was $1.14. Currency neutral operating income grew 10% compared to the prior year on a comparable basis, while reported operating income declined 4% due to foreign exchange impacts. The company remains on track to achieve full-year 2009 guidance of $2.30-$2.40 diluted EPS at the high end of the range and has raised operating free cash flow guidance to approximately $550 million.
- Jean Coutu Group reported an increase in sales and revenues for the second quarter of 2010 compared to the same period last year. Total sales increased 7.7% to $549 million while revenues from franchising increased 7.3% to $608.7 million.
- Net earnings for the quarter were $14.9 million compared to a net loss of $39.1 million in the previous year. Earnings per share were $0.07 compared to a loss per share of $0.16 last year.
- Rite Aid also reported financial results for the second quarter, with revenues of $6.3 billion and a net loss of $116 million. Rite Aid revised its guidance
Minerva plc presented preliminary results for the year ended 30 June 2009. Key points included successfully restructuring and extending £750 million in loan facilities with no scheduled maturities in the current or next fiscal year. Development projects such as The Walbrook and St. Botolphs were on time and on budget. Tenant interest was improving for office developments in London's financial district despite a difficult real estate market.
This document is Worthington Industries' quarterly report filed with the SEC for the quarter ended August 31, 2009. It includes financial statements and notes for the quarter, as well as a discussion of financial results by management. Some key details include:
- Net sales for the quarter were $417.5 million, down from $913.2 million in the prior year quarter. The company reported a net loss of $4.5 million compared to net income of $79.7 million in the previous year.
- Inventories totaled $232.9 million as of August 31, 2009, down from $270.6 million as of May 31, 2009 as the company worked to reduce inventory levels.
The document provides the agenda and highlights from Walgreen Co.'s 4th quarter and fiscal year 2009 conference call with analysts held on September 29, 2009. It discusses 4th quarter and fiscal year financial results including net sales growth of 7.6% and 7.3% respectively, adjusted earnings per share of $0.44 and $2.02, and prescription sales growth. The document also summarizes Walgreen's strategies around healthcare reform, the H1N1 flu pandemic, expanding health services and 90-day prescriptions to lower costs.
The Impact of Generative AI and 4th Industrial RevolutionPaolo Maresca
This infographic explores the transformative power of Generative AI, a key driver of the 4th Industrial Revolution. Discover how Generative AI is revolutionizing industries, accelerating innovation, and shaping the future of work.
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
South Dakota State University degree offer diploma Transcriptynfqplhm
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
1. SupportSoft Reports First Quarter 2009 Financial Results
REDWOOD CITY, CA -- (Marketwire) -- 04/29/2009 -- SupportSoft, Inc. (NASDAQ: SPRT), a
provider of software and services that make technology work, today reported unaudited financial
results for its first quarter ended March 31, 2009.
Q1 2009 Financial Summary
Total revenue for the first quarter of 2009 was $10.5 million, as compared to $12.8 million in the
fourth quarter of 2008 and $11.6 million in the first quarter of 2008. For the first quarter of 2009,
Consumer revenue was $3.6 million as compared to $3.1 million in the fourth quarter of 2008
and $703,000 in the first quarter of 2008. For the first quarter of 2009, Enterprise revenue was
$6.9 million as compared to $9.7 million in the fourth quarter of 2008 and $10.9 million in the
first quarter of 2008. First quarter 2009 Enterprise revenue consisted of $807,000 of license
revenue, $3.7 million of maintenance revenue and $2.4 million of service revenue.
On a GAAP basis, net loss for the first quarter of 2009 was $7.4 million, or $(0.16) per share,
compared to a net loss of $6.8 million, or $(0.15) per share, in the fourth quarter of 2008 and
$3.6 million, or $(0.08) per share, in the first quarter of 2008.
Non-GAAP net loss for the first quarter of 2009 was $5.3 million, or $(0.11) per share, compared
to a non-GAAP net loss of $3.4 million, or $(0.07) per share, in the fourth quarter of 2008 and
$2.4 million, or $(0.05) per share, in the first quarter of 2008. Non-GAAP results exclude stock
compensation expenses, amortization of intangible assets and restructuring and impairment
charges. These items totaled $2.1 million for the first quarter of 2009, $3.3 million for the fourth
quarter of 2008, and $1.2 million for the first quarter of 2008. A reconciliation of GAAP to non-
GAAP results is presented in the tables below.
At March 31, 2009 cash and total investments including a put option relating to auction rate
securities were $89.9 million, compared to $95.0 million at December 31, 2008.
quot;We are pleased with our performance in the first quarter, particularly the strong revenue growth
posted by the Consumer business in the current economic environment,quot; said Josh Pickus, CEO
of SupportSoft. quot;We are progressing rapidly with plans to sell our Enterprise business and
establish ourselves as a pure play provider of technology enabled services for the digital home
and small office.quot;
Recent Company Highlights
Consumer Segment
-- Consumer revenue grows 16% sequentially and 414% year over year
-- New partnership launches with TigerDirect, multi-channel retailer of
PC and CE devices
-- Major U.S. retailer currently in pilot establishes rollout plans
2. -- Tech services program for anti-virus provider AVG grows rapidly
-- Restructuring actions lower go-forward cost structure for Consumer
business
Enterprise Segment
On April 5, 2009, SupportSoft entered into an agreement to sell its Enterprise business to
Consona Corporation. Pursuant to the terms of the Asset Purchase Agreement, Consona has
agreed to acquire certain assets and assume certain liabilities related to the Company's Enterprise
business as set forth in the agreement. SupportSoft will receive a $20 million cash payment
subject to certain adjustments. The Asset Purchase Agreement must be approved by a majority of
the Company's stockholders, and may be terminated by either SupportSoft or Consona if the
closing of the transaction has not occurred by August 31, 2009 or upon the occurrence of certain
customary events as set forth in the agreement.
Conference Call
SupportSoft will host a conference call discussing the Company's first quarter 2009 results on
Wednesday, April 29, 2009 starting at 4:30 p.m. ET (1:30 p.m. PT). A live audio webcast and
replay of the call will be available at the Investor Relations section of SupportSoft's Web Site at
http://www.supportsoft.com/Company/ir_webcasts_events.html. The live call may be accessed
by dialing (877) 440-5803 (domestic) or (719) 325-4908 (international) and referencing passcode
643-2113. A replay of the call can also be accessed by dialing (888)-203-1112 (domestic) or
(719) 457-0820 (international), and referencing passcode: 643-2113.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements regarding our expected future
performance as well as assumptions underlying or relating to such statements of expectation, all
of which are quot;forward-looking statementsquot; within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We are subject to many
risks and uncertainties that may materially affect our business and future performance and cause
those forward-looking statements to be inaccurate. All statements in this press release, other than
statements that are purely historical, are forward-looking statements. Words such as quot;outlook,quot;
quot;anticipates,quot; quot;expects,quot; quot;believes,quot; quot;intends,quot; quot;plans,quot; quot;seeks,quot; quot;forecasts,quot; quot;estimatesquot; and
similar expressions often identify such forward-looking statements. Forward-looking statements
in this press release include, without limitation, the following: statements about SupportSoft's
company-wide and segment revenue for the first quarter of 2009, the progress of its Consumer
partnerships and cost reduction measures and the sale of the Enterprise business.
Forward-looking statements are subject to risks and uncertainties that could cause actual results
to differ materially from those discussed in these forward-looking statements. These risks and
uncertainties include, but are not limited to: the potential for first quarter 2009 revenue to change
based on the completion of the quarterly closing and review by SupportSoft's independent
3. registered public accounting firm; our dependence on a limited number of channel partners for
our Consumer revenue; the potential that any of SupportSoft's consumer partnerships take longer
to produce revenue or do not produce revenue; the possibility that the sale of the Enterprise
business will not be completed successfully; the possibility that restructuring actions and other
cost reduction measures may not be effective as planned; our ability to successfully transition
divestitures and acquisitions; as well as other risks detailed from time to time in our SEC filings,
including those described in the quot;Risk Factorsquot; section in our most recent Annual Report on
Form 10-K filed with the SEC on March 11, 2009. You can locate these filings on the Investor
Relations page of our website, www.supportsoft.com/Company/investor_relations.html.
Statements included in this release are based upon information known to SupportSoft as of the
date of this release, and SupportSoft assumes no obligation to publicly revise or update any
statement for any reason.
Disclosure Regarding Non-GAAP Financial Measures
SupportSoft has excluded stock-based compensation expenses, amortization of intangible assets
and restructuring and impairment charges from its GAAP results in order to determine the non-
GAAP financial measures of net loss and net loss per share. Each of the excluded items (as such
items are applicable to particular time periods) is discussed in more detail below.
Stock-based compensation -- we believe that the non-GAAP measures, excluding stock-based
compensation expenses, when viewed in addition to and not in lieu of our reported GAAP
results, assist investors in understanding our results of operations. Stock-based compensation
expenses do not require cash settlement and are not used by management to assess the
performance of the Company's business.
Amortization of intangible assets -- the Company does not acquire businesses on a predictable
cycle; therefore management excludes acquisition-related intangible asset amortization and
related charges when evaluating its operating performance. The Company also excludes such
charges as they represent non-cash expenses.
Restructuring and impairment charges -- we believe the non-GAAP measures, excluding
restructuring and impairment charges, provide meaningful supplemental information to investors
in understanding our ongoing operational costs and expenses, without the broad-based
termination costs that comprised our restructuring expense. The Company does not undertake
significant restructurings on a predictable basis and, as result, excludes associated charges in
order to enable better and more consistent evaluation of the Company's operating expenses
before and after such actions are taken.
SupportSoft uses these non-GAAP financial measures internally to evaluate its performance
from period to period and against the performance of other software companies, many of which
present similar non-GAAP financial measures. We also believe that investors benefit from seeing
quot;through the eyes of managementquot; as our operating budgets and compensation programs are
based on the non-GAAP financial measures we present in this press release.
4. Finally, SupportSoft believes the non-GAAP measures provide useful supplemental information
for investors to evaluate our operating results in the same manner as the research analysts that
follow SupportSoft, all of whom present non-GAAP projections in their published reports. As
such, the non-GAAP measures provided by the Company facilitate an quot;apples to applesquot;
comparison of our performance with the financial projections published by the analysts.
The economic substance behind our decision to use such non-GAAP measures is that such
measures approximate our controllable operating performance more closely than the most
directly comparable GAAP financial measures.
The material limitation associated with the use of the non-GAAP financial measures is that the
non-GAAP measures do not reflect the full economic impact of the Company's activities and
reliance solely on non-GAAP measures may lead management to make business decisions with
unanticipated economic consequences on the Company's GAAP financial results. We
compensate for this limitation by not relying exclusively on non-GAAP financial measures to
make business decisions. We also continuously reevaluate which non-GAAP measures are
appropriate.
Amounts related to the first quarter of 2009 are subject to completion of management's and its
independent registered public accounting firm's customary closing and review procedures.
Important Additional Information Will Be Filed With The SEC
SupportSoft filed a preliminary proxy statement with the SEC on April 10, 2009 and plans to file
with the SEC and mail to its stockholders a definitive proxy statement in connection with the
proposed sale of the Enterprise Business and the other corporate matters described therein. The
preliminary proxy statement contains (and the definitive proxy statement will contain) important
information about SupportSoft, Consona Corporation, the proposed sale of the Enterprise
Business and the other corporate matters described therein. Investors and security holders are
urged to read the proxy statement carefully before making any voting or investment decision
with respect to the proposed sale of the Enterprise Business and the other corporate matters
described therein. Investors and security holders may obtain free copies of the proxy statement
and other documents filed with the SEC by SupportSoft through the web site maintained by the
SEC at www.sec.gov. In addition, investors and security holders may obtain free copies of the
proxy statement from SupportSoft by contacting Maura Burns at maura.burns@supportsoft.com
or (650) 556-8992.
SupportSoft and its directors and executive officers may be deemed to be participants in the
solicitation of proxies with respect to the proposed sale of the Enterprise Business and the other
corporate matters set forth in the proxy statement. Information regarding SupportSoft's directors
and executive officers and their ownership of SupportSoft's shares is contained in SupportSoft's
Annual Report on Form 10-K for the year ended December 31, 2008 and in the preliminary
proxy statement that was filed on April 10, 2009, and is supplemented by other public filings
made, and to be made, with the SEC. A more complete description will be available in the
definitive proxy statement we expect to file in connection with the proposed sale of the
Enterprise Business. Investors and security holders may obtain additional information regarding
5. the direct and indirect interests of SupportSoft and its directors and executive officers with
respect to the proposed sale of the Enterprise Business by reading the proxy statement and other
filings referred to above.
SUPPORTSOFT, INC.
GAAP CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(unaudited)
Three Months Ended
-------------------------------------
March 31, December 31, March 31,
----------- ----------- -----------
2009 (1) 2008 2008
----------- ----------- -----------
Revenues:
License $ 807 $ 3,081 $ 2,974
Maintenance 3,668 3,997 4,002
Services 2,443 2,660 3,949
Consumer 3,614 3,107 703
----------- ----------- -----------
Total revenues 10,532 12,845 11,628
Costs and expenses:
Cost of license 110 134 51
Cost of maintenance 375 420 530
Cost of services 2,307 2,587 3,577
Cost of consumer 4,379 3,870 1,229
Amortization of intangible assets 43 43 30
Research and development 1,789 1,936 2,090
Sales and marketing 4,059 5,045 5,981
General and administrative 2,374 2,309 1,938
Restructuring and impairment
charges 896 1,885 -
Stock-based compensation 1,188 1,417 1,174
----------- ----------- -----------
Total costs and expenses 17,520 19,646 16,600
----------- ----------- -----------
Loss from operations (6,988) (6,801) (4,972)
Interest income (expense) and other,
net (302) 177 1,449
----------- ----------- -----------
Loss before income taxes (7,290) (6,624) (3,523)
Provision for income taxes 106 164 108
----------- ----------- -----------
Net loss $ (7,396) $ (6,788) $ (3,631)
----------- ----------- -----------
Net loss per share:
6. Basic $ (0.16) $ (0.15) $ (0.08)
----------- ----------- -----------
Diluted $ (0.16) $ (0.15) $ (0.08)
----------- ----------- -----------
Shares used in computing per share
amounts:
Basic 46,330 46,142 46,150
----------- ----------- -----------
Diluted 46,330 46,142 46,150
----------- ----------- -----------
Allocation of restructuring and
impairment charges:
Cost of maintenance $ 23 $ - $ -
Cost of service 93 212 -
Cost of consumer - 5 -
Research and development - 137 -
Sales and marketing 711 1,006 -
General and administrative 69 525 -
----------- ----------- -----------
Total restructuring and
impairment charges $ 896 $ 1,885 $ -
=========== =========== ===========
Allocation of stock-based
compensation:
Cost of maintenance $ 22 $ 23 $ 19
Cost of service 169 180 176
Cost of consumer 42 47 11
Research and development 137 173 145
Sales and marketing 430 517 405
General and administrative 388 477 418
----------- ----------- -----------
Total stock-based compensation $ 1,188 $ 1,417 $ 1,174
=========== =========== ===========
Note 1: Amounts in the first quarter of 2009 are subject to completion
of management's and its independent registerd public accounting firm's
customary closing and review procedures.
SUPPORTSOFT, INC.
RECONCILIATION OF GAAP FINANCIAL RESULTS TO NON-GAAP FINANCIAL MEASURES
(in thousands, except per share amounts)
(unaudited)
Three Months Ended
-------------------------------------
March 31, December 31, March 31,
----------- ----------- -----------
7. 2009 2008 2008
----------- ----------- -----------
GAAP costs and expenses $ 17,520 $ 19,646 $ 16,600
Amortization of intangible assets (43) (43) (30)
Restructuring and impairment
charges (896) (1,885) -
Stock-based compensation (1,188) (1,417) (1,174)
----------- ----------- -----------
Non-GAAP costs and expenses 15,393 16,301 15,396
GAAP loss from operations (6,988) (6,801) (4,972)
Amortization of intangible assets 43 43 30
Restructuring and impairment
charges 896 1,885 -
Stock-based compensation 1,188 1,417 1,174
----------- ----------- -----------
Non-GAAP loss from operations (4,861) (3,456) (3,768)
GAAP loss before income taxes (7,290) (6,624) (3,523)
Amortization of intangible assets 43 43 30
Restructuring and impairment
charges 896 1,885 -
Stock-based compensation 1,188 1,417
1,174
----------- ----------- -----------
Non-GAAP loss before income taxes (5,163) (3,279) (2,319)
GAAP net loss $ (7,396) $ (6,788) $ (3,631)
Amortization of intangible assets 43 43 30
Restructuring and impairment
charges 896 1,885 -
Stock-based compensation 1,188 1,417 1,174
----------- ----------- -----------
Non-GAAP net loss $ (5,269) $ (3,443) $ (2,427)
=========== =========== ===========
Basic net loss per share
GAAP $ (0.16) $ (0.15) $ (0.08)
Non-GAAP $ (0.11) $ (0.07) $ (0.05)
Diluted net loss per share
GAAP $ (0.16) $ (0.15) $ (0.08)
Non-GAAP $ (0.11) $ (0.07) $ (0.05)
Shares used in computing per share
amounts (GAAP)
Basic 46,330 46,142 46,150
Diluted 46,330 46,142 46,150
Shares used in computing per share
amounts (Non-GAAP)
Basic 46,330 46,142 46,150
Diluted 46,330 46,142 46,150
8. The adjustments above reconcile the Company's GAAP financial results to
the non-GAAP financial measures used by the Company. The Company's
non-GAAP financial measures exclude restructuring and impairment
charges, stock-based compensation and amortization of intangible
assets from the GAAP financial results. The Company believes that
presentation of these non-GAAP items provides meaningful supplemental
information to investors, when viewed in conjunction with, and not in
lieu of, the Company's GAAP results. However, the non-GAAP financial
measures have not been prepared under a comprehensive set of accounting
rules or principles. Non-GAAP information should not be considered in
isolation from, or as a substitute for, information prepared in
accordance with GAAP. Moreover, there are material limitations
associated with the use of non-GAAP financial measures. See the
text of this press release for more information on non-GAAP financial
measures.
Amounts in the first quarter of 2009 are subject to completion of
management's and its independent registered public accounting firm's
customary closing and review procedures.
SUPPORTSOFT, INC.
GAAP CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
March 31, December 31, March 31,
2009 (1) 2008 (2) 2008
----------- ----------- -----------
(unaudited) (audited) (unaudited)
Assets
Current assets:
Cash, cash equivalents and
short-term investments $ 66,686 $ 72,090 $ 83,427
Accounts receivable, net 7,604 10,384 10,944
Prepaid expenses and other current
assets 1,420 1,642 1,783
----------- ----------- -----------
Total current assets 75,710 84,116 96,154
----------- ----------- -----------
Long-term investments 18,216 15,766 23,934
Auction rate security put option 5,037 7,148 -
Property and equipment, net 1,033 1,275 1,949
Goodwill 12,646 12,646 9,792
Purchased technology 1,249 1,318 -
Intangible assets, net 374 417 1,685
Other assets 934 900 753
----------- ----------- -----------
Total assets $ 115,199 $ 123,586 $ 134,267
=========== =========== ===========
Liabilities and Stockholders' Equity
9. Liabilities:
Accounts payable and accrued
compensation $ 2,270 $ 3,019 $ 2,407
Other accrued liabilities 2,927 3,534 3,584
Deferred revenue 8,416 10,119 10,207
Other long-term liabilities 1,594 1,468 937
----------- ----------- -----------
Total liabilities $ 15,207 $ 18,140 $ 17,135
----------- ----------- -----------
Stockholders' equity:
Common stock $ 5 $ 5 $ 5
Additional paid-in-capital 219,093 217,647 213,557
Accumulated other comprehensive
loss (2,045) (2,541) (2,240)
Accumulated deficit (117,061) (109,665) (94,190)
----------- ----------- -----------
Total stockholders' equity $ 99,992 $ 105,446 $ 117,132
----------- ----------- -----------
Total liabilities and stockholders'
equity $ 115,199 $ 123,586 $ 134,267
=========== =========== ===========
Note 1: Amounts in the first quarter of 2009 are subject to completion
of management's and its independent registered public accounting firm's
customary closing and review procedures.
Note 2: Derived from audited financial statements.
SUPPORTSOFT, INC.
SEGMENT INFORMATION
(in thousands)
(unaudited)
Three Months Ended March 31, 2009 (1)
----------------------------------------------
Consolidated
Enterprise Consumer Corporate Total
---------- ---------- ---------- ----------
Revenue:
License $ 807 $ - $ - $ 807
Maintenance 3,668 - - 3,668
Services 2,443 - - 2,443
Consumer - 3,614 - 3,614
---------- ---------- ---------- ----------
Total revenue 6,918 3,614 - 10,532
---------- ---------- ---------- ----------
Segment operating costs and
expenses (5,118) (7,901) - (13,019)
Amortization of intangible
10. assets - (43) - (43)
Common corporate expenses - - (2,374) (2,374)
Restructuring and
impairment charges (821) (6) (69) (896)
Stock-based compensation (419) (381) (388) (1,188)
Interest expense and other,
net - - (302) (302)
---------- ---------- ---------- ----------
Income (loss) before income
taxes $ 560 $ (4,717) $ (3,133) $ (7,290)
========== ========== ========== ==========
Three Months Ended March 31, 2008
----------------------------------------------
Consolidated
Enterprise Consumer Corporate Total
---------- ---------- ---------- ----------
Revenue:
License $ 2,974 $ - $ - $ 2,974
Maintenance 4,002 - - 4,002
Services 3,949 - - 3,949
Consumer - 703 - 703
---------- ---------- ---------- ----------
Total revenue 10,925 703 - 11,628
---------- ---------- ---------- ----------
Segment operating costs and
expenses (8,121) (5,337) - (13,458)
Amortization of intangible
assets (30) - - (30)
Common corporate expenses - - (1,938) (1,938)
Stock-based compensation (401) (355) (418) (1,174)
Interest income and other,
net - - 1,449 1,449
---------- ---------- ---------- ----------
Income (loss) before income
taxes $ 2,373 $ (4,989) $ (907) $ (3,523)
========== ========== ========== ==========
Consumer Segment. In our Consumer segment, we provide premium technology
support to consumers over the phone and the internet for a fee. We offer
our services to consumers through retailers and other companies who
provide technology products and services to consumers. We also provide
our services directly to consumers through www.support.com.
Enterprise Segment. Our Enterprise customers use our software to resolve
technical problems for their customers. Digital service providers use
our products to automate the installation, activation and verification
of broadband services, to reduce the cost and improve the quality of
support for customers, and to enable the remote management of devices
located at customer premises. Corporate IT departments and IT
outsourcing firms use our software to improve the cost-effectiveness
and efficiency of their support through an integrated portfolio of
proactive service, self service and assisted service products.
11. Corporate. This category consists of common corporate expenses such
as general and administrative expenses, interest income, and other
income or expenses, which are items that we do not allocate to our
business segments.
Note 1: Amounts in the first quarter of 2009 are subject to completion
of management's and its independent registered public accounting firm's
customary closing and review procedures.
Contact Information: Contact Information:
Carolyn Bass and Daniel Wood
Market Street Partners
(415) 445-3235
sprt@marketstreetpartners.com