GTAX/NHLD Merger! Take a look at NHLD 3rd Quarter Fiscal Results!
National Holdings Corporation Reports Fiscal Third Quarter 2013 Results
4:01p ET August 13, 2013 (Business Wire)
--Year to date net income of $1.3 million compared with a net loss of $2.2 million in the same period last year
--Announced definitive agreement to acquire Gilman Ciocia in June 2013
National Holdings Corporation (OTC BB: NHLD) ("National Holdings" or the "Company"), a full-service investment banking and asset management firm, today announced financial results for the Company's fiscal third quarter and nine months ended June 30, 2013.
Fiscal Third Quarter and Year-to-Date Highlights
-- Increased revenues by approximately 5% to $32.7 million, compared with revenues of $31.1 million in the prior year quarter
-- Generated net income of $0.8 million, or $0.01 per diluted share and $1.3 million, or $0.02 per diluted share for the fiscal third quarter and nine months ended June 30, 2013, compared with $0.7 million, or $0.02 per diluted share and a loss of $2.2 million, or $0.09 per diluted share for the same periods last year
-- Reported Adjusted EBITDA, a non-GAAP measure, of $1.2 million and $2.9 million for the fiscal third quarter and nine months ended June 30, 2013, compared with $1.2 million and $1.3 million for the same periods last year
-- Signed a definitive agreement to acquire Gilman Ciocia in a stock transaction, which will further strengthen National Holdings' retail brokerage and enhances the Company's platform in the area of financial planning services and tax preparation
