We're far from the $2 a share and this
recent quarterly result, although very promising with
increased revenues, still show negative net...
(quote)Period ended March 31, 2012 Highlights
Net revenues increased a record 177.3% to $35.5 million
11.3% of net revenue growth organic and 88.7% of net revenue growth from acquisitions
International operations contributed $20.5 million or 57.7% to consolidated net revenues
Gross margin contribution increased 215.6% from $3.3 million to $10.2 million
Gross margin percentage increased from 25.8% of revenues to 29.4% quarter-over-quarter
SG&A as a percent of net revenues dropped from 33.6% to 31.2% as the business scaled
Non-GAAP adjusted net loss attributable to common shareholders increased by 73% to $3.0 million from 2011 as net revenues increased by 177.3% Non-GAAP adjusted loss EPS increased from $0.20 to $0.30
Three Months Ended March 31, 2012 Results
Summarized Three Months Ended March 31st, 2012 Results ('000) except EPS
March 31st, 2012
March 31st, 2011
Change
Sales
$35,547
$12,837
177.1%
Gross Profit
$10,442
$3,309
215.6%
Selling, General and Administrative Expenses
$11,088
$4,313
157.1%
Net Income (loss) attributable to Common Shareholders
($5,223)
($1,112)
N/A
Non-GAAP Adjusted Net Loss*
($2,983)
($1,112)
(68.2%)
EPS
($0.53)
($0.20)
(165.0%)
Non-GAAP Adjusted EPS*
($0.30)
($0.20)
(50.0%) (end quote)
g.p.
