I like it. it is the first pick on hot action. I never did it yet. Usually i take more time dd'ing before action.
But News is awesome : here read below.
Silverstar Holdings Reports Record Fourth Quarter and Fiscal 2007 Results THURSDAY, SEPTEMBER 27, 2007 4:14 PM - PrimeNewswire
SSTR 5.48 +3.03
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Sep 27, 2007 (PrimeNewswire via COMTEX) --
Q4 Revenues Total $12.0 Million, vs. $470,000 in Q4 FY2006;
Q4 GAAP Net Income $2.6 Million or $0.25 per share;
Q4 Operating EBITDA $4.6 Million or $0.45 per share.
BOCA RATON, Fla., Sept. 27, 2007 (PRIME NEWSWIRE) -- Silverstar Holdings, Ltd. (SSTR) , an international publisher and developer of interactive entertainment software, reported record financial results for its fourth quarter and fiscal year 2007 ended June 30, 2007.
Fourth Quarter Fiscal 2007 Financial Results
As compared to the previous quarter and same period a year ago:
* Revenues for the quarter totaled $12.0 million, an increase of 161% from $4.6 million in the previous quarter, and a 2500% increase from $470,000 a year ago. The increase over the previous and year-ago quarters is primarily due to the performance of Empire Interactive, PLC, which Silverstar acquired in December 2006.
* Net income totaled $2.6 million or $0.25 per share, compared to a loss of $2.8 million in the previous quarter or ($0.27) per share and a loss of $868,000 or ($0.10) per share a year-ago.
* Operating EBITDA (Earnings before Interest Taxes Depreciation and Amortization), a non-GAAP measure, totaled a record $4.6 Million or $0.45 per share, as compared to an operating EBITDA loss of $0.3 million or ($0.03) per share in the previous quarter and operating EBITDA loss of $0.6 million or ($0.06) per share a year ago. The company recorded depreciation and amortization charges of approximately $2.0 million in the fourth quarter, compared to $950,000 in the same period last year. A reconciliation of operating EBITDA to operating income is included at the end of this
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