Comtex reported
Comtex reported operating income of
For the nine months ended
About Comtex
Comtex (www.comtex.com) provides real-time news, Comtex SmarTrend(R)
Alerts and economically useful information. Comtex customers receive select
content from key sources which is further enhanced with stock tickers and an
extended lexicon of relevant terms. With a specialization in the financial
news and content marketplace, Comtex receives, enhances, combines and filters
news and content received from national and international news bureaus,
agencies and publications, and distributes more than one million total stories
per day. Comtex's state-of-the-art technology delivers this relevant content
and reliable service in real-time. Comtex also provides several proprietary
SmarTrend Alert products to investors, including a daily stock market letter
(Morning Call), selected stock news (SmarTrend Spotlights), and SmarTrend
Alerts (via subscription at www.mysmartrend.com). Comtex has offices in
SmarTrend(R) is a registered trademark of Comtex News Network, Inc. Contact: Amber Gordon agordon@comtex.com 703-797-8011 FINANCIAL TABLE FOLLOWS Comtex News Network, Inc. Selected Financial Data (unaudited / amounts in thousands, except per share amounts) Three Months Nine Months Ended March 31 Ended March 31 2008 2007 2008 2007 Revenues $1,770 $1,796 $5,426 $5,247 Operating Income 232 61 797 83 Net Income (Loss) $244 $(181) $754 $(192) Earnings (Loss) Per Share Basic and Diluted $0.02 $(0.01) $0.05 $(0.01) Weighted Avg. # Shares: Basic 15,294 14,233 15,294 13,878 Diluted 15,460 14,233 15,467 13,878 Reconciliation to EBITDA: Net Income (Loss) $244 $(181) $754 $(192) Stock-based compensation - 11 3 33 Depreciation and Amortization 19 24 59 88 Interest/Other (Income) Expenses, net (12) 238 37 269 Income Taxes - 4 5 6 EBITDA $251 $96 $858 $204
Please Note: EBITDA consists of earnings before stock-based compensation, debt conversion expense, interest expense, interest and other income, unrealized and realized gains (losses) in marketable securities, income taxes, and depreciation and amortization. EBITDA is not a term defined by U.S. generally accepted accounting principles, and as a result, our measure of EBITDA might not be comparable to similarly titled measures used by other companies. However, we believe that EBITDA is relevant and useful information, which is often reported and widely used by analysts, investors and other interested parties in our industry. Accordingly, we are disclosing this information to permit a more comprehensive analysis of our operating performance.
Also Please Note: Except for the historical information contained herein, this press release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, that involve a number of risks and uncertainties. These forward-looking statements may be identified by reference to a future period by use of forward-looking terminology such as "anticipate," "expect," "could," "intend," "may" and other words of a similar nature. These statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated herein, including the occurrence of unanticipated events or circumstances relating to the fact that Comtex is in a highly competitive industry subject to rapid technological, product and price changes. Other factors include the possibility that demand for the Company's products may not occur or continue at sufficient levels, changing global economic and competitive conditions, technological risks and other risks and uncertainties, including those detailed in the Company's filings with the Securities and Exchange Commission. Comtex undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Comtex News Network, Inc.