This says it all............................I am also pleased to report that we continue to see a market pickup in activity in all of our segments, particularly in magnesium and consulting.
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In our consulting segment, we had particularly strong performance, with revenue up 123% from the same period in 2009. And I would also like to highlight some accomplishments in this area. First, we added two additional clients............................................................................................................................................................................................................................................................. we have parlayed our consensus with a number of consulting clients in the first half of the year into the addition of two new clients, as I have mentioned before, with additional prospects for the coming quarters. It is important to note that transactional business in consulting can yield very high margin revenue, as was the case in 2007 and in 2008, where consulting was the largest driver of earnings. ....................................................................................................................................................................................................It is important to note that transactional business in consulting can yield very high margin revenue, ...............................................................................................................................................................................
Revenue from our consulting segment increased to $700,000 in the fiscal 2010 third quarter, up 142% from $307,000 in the June 2009 quarter................................................................................................................................................................................................................................................ Revenues in our consulting segment varied depending upon the level of service, especially in addition of new clients. As previously stated, we have added two new clients.
...................................................................................................................................................................................................................................................We have reaccelerated top line growth and remain steadfast in the belief that bottom-line results will improve dramatically as we head into our historically stronger quarters ahead............................................................................................................................................................................................................................................. results will improve dramatically .............................................................................................................................................................................................................................................................We expect our outlook in magnesium to continue to increase, and that will be coupled with stronger performance, which we anticipate will come from our consulting and basic materials.
..............................................................................................................................................................................................................................................................We now see our overall revenue ranging between $120 million and $130 million for the full fiscal year of 2010................................................................................................................................................................................................................................................. $120 million and $130 million for the full fiscal year of 2010
..........................................................................................................Additionally, the investments we have made in magnesium, and building our trading operations, coupled with the client wins in our consulting operations, put us in a solid position to deliver markedly improved bottom-line performance in the remainder of 2010, and into fiscal 2011.....................................................................................................................................................................................coupled with the client wins in our consulting operations,....................................................................................................... client wins.......................................................................................................as we have said in the past, being transactionally based, in prior years, if you go back and you look at 2007 and 2008, when transactions take place with consulting clients, especially the new consulting clients, they are in a substantial pump-up in revenues and we wouldn't be talking about, you know, $300,000 or $400,000 or $700,000 in revenue.
We could be talking about a great deal more than that,........................................................................................................................................................................................................................................................We could be talking about a great deal more than that,...................................................................................................So there is a number of different contributors that haven't been contributing as greatly so far in the year that should kick into the fourth quarter to help us reach that goal.
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