Posts Tagged ‘earnings news’

MER Telemanagement Solutions Ltd. (MTSL) soars on improved second quarter results

Friday, August 17th, 2012

MTS Telemanagement SolutionsShares of Israel-based business support systems provider MER Telemanagement Solutions Ltd. (Nasdaq: MTSL) soared as much as 77 percent from Thursday’s closing price in morning trading on Friday after the company announced improved results for the second quarter of 2012 over the same period last year.

MTSL hit an intraday high of $2.84 per share on Friday, up from Thursday’s closing price of $1.60.

Revenue for the second quarter was $3.3 million, up from $3 million in the same period a year ago. Operating income from the quarter skyrocketed to $517,000, a 170 percent improvement over operating profit of $191,000 for the same quarter a year earlier. Net income improved to $460,000, or 10 cents per share, up from $229,000 or 5 cents per share in the second quarter of 2011.

“Our second quarter results represent continued improvements in our financial results and indicators as a result of our efforts to develop our Telecom Expense Management opportunities through partners, new customer acquisitions and expanding our existing customer base,” said Eytan Bar, CEO of MTS in an August 16 press release. “In addition, our company’s Billing and Mobile Virtual Network Operator (MVNO) activity as a managed service has grown and we were able to sign an additional managed service agreement with a new MVNO in the U.S. and we see other opportunities in this market. We are looking forward to improving both our top and bottom line performance.”

Shares of MTSL are up more than 50 percent over the past three months.

 

Deer Consumer Products, Inc. (DEER) soars on record 2011 results

Thursday, March 29th, 2012

Deer Consumer ProductsShares of China-based Deer Consumer Products, Inc. (Nasdaq: DEER) were up as much as 53 percent from Wednesday’s closing price on Thursday after the company reported record 2011 financial results, and a rosy outlook for 2012.

Shares climbed as high as $4.89 on Thursday, up from Wednesday’s closing price of $3.18.

The company reported 2011 revenue of $226.7 million, up 28.9 percent from the previous year. The growth was driven by the company’s sales expansion in the China domestic market for its Deer branded product lines coupled with Deer Consumer Products’ ability to raise the average selling prices of its products, a March 29 press release stated.

Net income for 2011 increased 31 percent to $39.8 million, or $1.18 per share, over the same period last year.

The company also reaffirmed its 2012 financial guidance, and stated that it expects 2012 revenue guidance of between $270 million and $290 million, and net income of between $45 million and $47 million.

Deer’s product mix includes housewares and appliances such as blenders, choppers, food processors, and microwave ovens.

“Deer currently has access to approximately 4,000 retail locations across China and has developed a well-recognized brand by working with various retail channels,” said Deer Consumer Products’ Chairman and CEO Bill He in a March 29 press release. “We believe China remains the world’s largest and fastest growing consumer retail market and has strong domestic demand for small household appliances. There are approximately 35,000 retail locations across China that Deer could potentially penetrate. Deer has significant growth potential in China.”

Shares of DEER are down roughly 39 percent over the past 12 months, according to historical data provided by Yahoo Finance.

Fonar Corp. (FONR) shares soar as Q1 net income increases 360 percent

Tuesday, November 15th, 2011

Shares of MRI company Fonar Corp. (Nasdaq: FONR) were up as much as 26 percent from Monday’s closing price in morning trading on Tuesday after the company reported a 360 percent increase in first quarter earnings driven by an increase in management and service revenue, and a decrease in costs and expenses, offset by a decrease in product sales.

Fonar’s net income for the first quarter of fiscal 2012 increased to $1.8 million, from $363,0000 a year earlier. Basic earnings per common share increased 257% to $0.25 per share during the first fiscal quarter of fiscal 2012 as compared to $0.07 per common share for the first fiscal 2011 quarter ended September 30, 2010. In addition, the diluted earnings per common share increased 243% to $0.24 per share during the first fiscal quarter of fiscal 2012 as compared to $0.07 per common share for the first fiscal 2011 quarter ended September 30, 2010.

Total revenues rose 11 percent to $9.6 million, compared to $8.7 million for the same period last year.  Total operating costs and expenses decreased 5 percent to $7.8 million, from $8.3 million a year ago. Fonar’s product sales in the quarter ended September 30, 2011 dropped to $1.8 million, from $2.7 million a year ago. Service and repair revenue increased to $2.9 million in the quarter, from $2.7 million a year ago, and revenues from management and other fees increased to $4.9 million, from $3.3 million a year ago.

“”Over the last six quarters we have a net profit of $4.9 million,” said Dr. Raymond Damadian, Fonar’s Chairman and CEO in a November 15 press release. “This is due to changes that we have had to make including a focus on the management of our ten UPRIGHT® MRI imaging centers and some difficult cost reductions. While sales are not as robust as in prior years, we believe sales of the UPRIGHT® Multi-Position™ MRI will increase as the U.S. economy continues its recovery. This is because the UPRIGHT® MRI has huge value in medicine when it comes to diagnosing the spine. As time goes on, more and more physicians and patients recognize this. The discovery that an interrupted CSF flow causes MS is a valuable discovery and one that will immensely help those poor souls afflicted with the symptoms of MS as well as FONAR tremendously.”

 

Interphase Corp. (INPH) – Buzz Stock of the Day

Friday, February 11th, 2011

Shares of converged communications solutions provider Interphase Corp. (Nasdaq: INPH) soared as much as 98 percent from Thursday’s closing price in morning trading on Friday after the company announced a 24 percent increase in fourth quarter revenue and a swing to  profitability in Q4.  Shares hit a new 52-week high of $3.96 on Friday morning, up from Thursday’s closing price of $2.00

“Both revenue growth and the restructuring efforts we undertook in the third quarter contributed to our return to profitability in the fourth quarter,” said Interphase’s President and CEO, Gregory B. Kalush in a statement. “Although we are pleased with these results, we remain focused on our multi-tiered strategy to diversify our Company and enter new market segments that we believe can generate significant growth and fortify the future.”

The Plano-based company reported fourth quarter revenue of $5.8 million, up 24 percent from revenue of $4.7 million for the fourth quarter of 2009. Revenues in the quarter were primarily driven by a  28 percent increase in Interphase’s broadband telecom revenues, which increased to $5.0 million in the fourth quarter of 2010 compared to $3.9 million for the fourth quarter of 2009, and a 242 percent increase in  enterprise revenues, which rose  to $552,000 from $161,000 on a year ago.  Gross margin for the fourth quarter of 2010 was 55 percent compared to 37 percent for the fourth quarter of 2009. The increase in gross margin was primarily due to a shift in product mix toward higher margin products, increased utilization of Interphase’s manufacturing facility and reduction in obsolete inventory charges.

Net income in the fourth quarter was $447,000, or 6 cents per fully diluted share in the fourth quarter of 2010 compared to a net loss of $4.0 million, or or 57 cents per share in the fourth quarter of 2009.

For the full year, Interphase’s revenues decreased 40 percent to $18.2 million, compared to $25.6 million for 2009. Gross margin percentage increased to 50 percent for the year ended December 31, 2010, compared to 48 percent for the year ended December 31, 2009. Net loss for 2010 was $8.4 million, or $1.23 per share compared to a net loss of $5.6 million, or 81 cents per share for 2009.

Interphase delivers solutions for LTE and WiMAX, interworking gateways, packet processing, network connectivity, and security for key applications for the communications, aerospace-defense, and enterprise markets.

Shares of Interphase Corp. are up 172 percent over the past three months.

WFMI, UNTD, SMSI – Notable Nasdaq Gainers

Thursday, November 4th, 2010

Shares of natural goods grocer, Whole Foods Market, Inc. (Nasdaq: WFMI)were up as much as 13 percent from Wednesday closing price in morning trading on Thursday. Shares touched a new 52-week high of $46.80 on nearly triple the company’s three-month average trading volume in mid-day trading on Wednesday. Net income for the fourth quarter ended September 26 increased to to $57.5 million, or 33 cents a share, from $28.7 million, or 20 cents a share a year earlier. Analysts, on average were expecting EPS of 28 cents per share, according to data compiled by Bloomberg. The company boosted its fiscal 2011 profit estimates to as much as $1.71 a share, from a previous high of $1.64. Whole Foods’ fourth quarter sales rose 15 percent to $2.1 billion, from $1.8 billion. Analysts were expecting revenue of $2.07 billion, according to Bloomberg. “We believe the company has strong growth prospects as market share gains combine with favorable industry trends and a better higher-end consumer to drive sales,” he said, noting the company is also controlling its costs, which all helps the bottom line,” said Jefferies & Co. analyst Scott Mushkin in a note to clients on Thursday. Mushkin raised his price target to $47, from $45, and maintained his fiscal 2011 EPS estimate of $1.72. Shares of WFMI are up about 28 percent over the past three months.

Shares of Internet consumer products and services provider, United Online, Inc. (Nasdaq: UNTD) soared more than 18 percent from Wednesday’s closing price in morning trading on Thursday, reaching an intraday high of $7.28 per share, at mid-day. United Online announced consolidated third quarter revenues were $193.5 million, down 10 percent form a year earlier. GAAP diluted net income per common share was 13 cents, down from 18 cents a year earlier. Adjusted diluted net income per common share was $0.25, versus $0.33 in the year-ago quarter. During the quarter, United Online repurchased 2.2 million common shares in open market transactions during the quarter for $11.0 million, resulting in an average cost of $5.07 per share. The company also paid $9.3 million in cash dividends during the quarter. The company expects fourth quarter revenue to range between $223 million and $229 million. The Woodland Hills-based company operates in three segments: FTD, Classmates Media, and Communications. The FTD segment markets flowers and specialty gift items. Classmates Media offers online social networking services under the Classmates brand name; and online loyalty marketing services under the MyPoints name. It also provides international social networking services under the StayFriends and Trombi names. The Communications segment offers dial-up Internet access under the NetZero and Juno brand names, and provides services including broadband, email, Internet security, and Web hosting. Shares of United Online, Inc. are up about 33 percent over the past three months.

Shares of software maker Smith Micro, Inc. (Nasdaq: SMSI) were up almost 14 percent in mid-day trading on Thursday, and touched a new 52-week high of $14.17 per share, after the company reported record third quarter revenue of $34.0 million, up 22 percent increase over $27.8 million reported in the third quarter of last year. GAAP net income for the third quarter of 2010 increased to $3.1 million or 9 cents per diluted share, up from $2.0 million, or 6 cents per diluted share a year ago. Non-GAAP net income for the third quarter of 2010 increased to $7.9 million, or 23 cents per diluted share, compared to $6.6 million, or 20 cents per diluted share, reported in the same quarter a year ago. “We’ve executed on three solid quarters in 2010 with record revenue and strong profitability and we remain comfortable with our guidance with annual revenue’s landing within the original range of $125 million to $135 million,” said Smith Micro’s CEO, Bill Smith in an earnings call. Shares of Smith Micro are up 58 percent over the past three months.