Value Microcaps Motherboard

[Knowledge is King]

Bought a few HMNY @$2.05; Q4 EPS $.10


This low-float (about 375,000) IT firm appears to be getting their act together. The last 3 quarters show EPS of $.01, $.03, $.10. Balance sheet looks good too, debt-free w/about $.86/share in cash...

And the upcoming March comp appears to be a layup versus a loss of a nickel last year...

And this is the company's first PR in about a year...



B: Helios and Matheson Expects to Report $200,000 Profit for FY 2011 ( GlobeNews
wire )

NEW YORK, Feb 15, 2012 (GlobeNewswire via COMTEX) --
Helios and Matheson Information Technology Inc ("HMNY" or the "Company"), a
30 year old IT services organization focused on banking, financial services
and insurance sectors, is providing the following information regarding the
results of its operations for the fourth quarter of the year ended December
31, 2011:

For 2011, the Company expects to report a profit of $203,000 or $0.09 per
diluted share and revenue of $12.2 million.

Management believes that the Company is continuing to gain financial
strength. The Company expects to end 2011 with cash of approximately $2
million, up from $1.7 million at the onset of the year. The Company is debt
free. The Company expects to end 2011 with a strong balance sheet, with
current assets and Security deposits at about $4.8 million.
Three Months Ended Twelve Months Ended
-------------------------------------
------------------------
(In 000s except per share
amounts) 12/31/11 12/31/10 09/30/11
12/31/11 12/31/10
-------------------------- ----------- ----------- -----------
----------- -----------
(Unaudited) (Unaudited) (Unaudited)
(Unaudited) (Unaudited)
Revenue $ 2,830 $ 3,421 $ 3,135 $
12,204 $ 13,280
Gross Profit $ 731 $ 620 $ 629 $
2,526 $ 2,747
Income/(loss) from
operations $ 236 $ (158) $ 66 $
211 $ (941)
Net Income (loss) $ 239 $ (161) $ 64 $
203 $ (940)
EPS per basic share $ 0.10 $ (0.07) $ 0.03 $
0.09 $ (0.56)
EPS per diluted share $ 0.10 $ (0.07) $ 0.03 $
0.09 $ (0.56)

Helios and Matheson expects to report net earnings of $239,000 or $0.10 per
diluted share for the fourth quarter compared to $64,000 or $0.03 per diluted
share for the third quarter in 2011 and a net loss of ($161,000) or ($0.07)
per diluted share for Q4 2010. The Company expects to report revenue of $2.8
million for the fourth quarter, as against third quarter revenue of $3.1
million, and 2010 fourth quarter level of $3.4 million.

The Company expects that gross margin will increase from 20 percent in the
third quarter to 25.8 percent for the fourth quarter of 2011. The Company
expects gross margin for 2011 to be 20.7 percent, approximately the same as
for 2010. Selling, general and administrative costs are expected to be
$495,000 in the fourth quarter, which would be a decrease of 12 percent from
the previous quarter level in 2011 and a decrease of 36 percent from the
fourth quarter of 2010, as a result of the Company's ongoing cost management
effort.
HELIOS AND MATHESON INFORMATION TECHNOLOGY INC.
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE
INCOME
(Unaudited)
Three Months Ended
December 31, Year
Ended December 31,
--------------------------
----------------------------
2011 2010 2011
2010
------------ ------------
------------- -------------
Revenues $ 2,829,602 $ 3,420,920 $
12,203,990 $ 13,279,555
Cost of revenues 2,098,539 2,800,487
9,677,939 10,532,901
------------ ------------
------------- -------------
Gross profit 731,063 620,433
2,526,051 2,746,654
Operating expenses:
Selling, general and
administrative 471,486 769,519
2,290,646 3,639,720
Depreciation and amortization 23,926 9,018
23,928 48,318
------------ ------------
------------- -------------
495,412 778,537
2,314,574 3,688,038
------------ ------------
------------- -------------
Profit/(Loss) from operations 235,651 (158,104)
211,477 (941,384)
Interest income 958 1,266
3,669 6,026
------------ ------------
------------- -------------
Profit/(Loss) before income taxes $ 236,609 $ (156,838) $
215,146 $ (935,358)
Provision for income taxes (2,257) 4,500
12,243 4,472
------------ ------------
------------- -------------
Net Profit/(loss) 238,866 (161,338)
202,903 (939,830)
Other comprehensive (loss)/income
- foreign currency adjustment (7,506) (8,001)
(16,070) (11,946)
------------ ------------
------------- -------------
Comprehensive Profit/(loss) $ 231,360 $ (169,339) $
186,833 $ (951,776)
============ ============
============= =============
Basic and diluted profit/(loss)
per share $ 0.10 $ (0.07) $
0.09 $ (0.56)
============ ============
============= =============
HELIOS AND MATHESON INFORMATION TECHNOLOGY INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited)
December 31, December 31,
2011 2010
------------- -------------
ASSETS
Current Assets:
Cash and cash equivalents $ 1,998,158 $ 1,656,456
Accounts receivable- less
allowance for doubtful
accounts of $77,590 at
December 31, 2011, and
$212,624 at December 31,
2010 1,665,553 2,223,452
Unbilled receivables 46,408 --
Prepaid expenses and other
current assets 83,326 69,646
------------- -------------
Total current assets 3,793,445 3,949,554
Property and equipment, net 20,685 44,613
Security Deposit 1,000,000 1,000,000
Deposits and other assets 142,673 139,703
------------- -------------
Total assets $ 4,956,803 $ 5,133,870
============= =============
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities:
Accounts payable and accrued
expenses $ 1,104,736 $ 1,449,132
Deferred revenue -- 19,504
------------- -------------
Total current liabilities 1,104,736 1,468,636
Shareholders' equity:
Preferred stock, $.01 par
value; 2,000,000 shares
authorized; no shares issued
and outstanding as of
December 31, 2011, and
December 31, 2010 -- --
Common stock, $.01 par value;
30,000,000 shares
authorized; 2,330,438 issued
and outstanding as of
December 31, 2011 and as of
December 31, 2010 23,304 23,304
Paid-in capital 37,855,740 37,855,740
Accumulated other
comprehensive (loss)/income
- foreign currency
translation (25,932) (9,862)
Accumulated deficit (34,001,045) (34,203,948)
------------- -------------
Total shareholders' equity 3,852,067 3,665,234
------------- -------------
Total liabilities and
shareholders' equity $ 4,956,803 $ 5,133,870
------------- -------------

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Helios and Matheson Information Technology Inc.
CONTACT: Umesh Ahuja
703 691 0400 Ext 1046
[e-mail]
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
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