For the 3rd Quarter...
posted on
Jan 16, 2009 09:38AM
Last years numbers...in anticipation of this years numbers....
For the third quarter, e.Digital reported revenues of $1.25 million compared to $1.3 million for the same period a year ago. The year ago quarter revenues included $714,000 from the delivery of a delayed shipment. The Company reported revenues of $4.98 million for the first nine months of fiscal 2008 compared to $1.34 million for the same nine-month period the prior year, a 272% increase. Revenues for the first nine months of fiscal 2008 included new and follow-on shipments of the Company’s proprietary eVU™ mobile entertainment system to multiple IFE customers including major European and Asian airlines.
Gross profit for the third quarter of fiscal 2008 was $396,000 or 32% of revenues. Gross profit for the first nine months of fiscal 2008 was $1.24 million or 25% of revenues. Operating costs in fiscal Q3 2008 were $727,000, compared to $714,000 in fiscal Q3 2007. For the nine months ended December 31, 2007, operating costs were $2.17 million compared to $2.28 million for the first nine months of fiscal 2007.
Net loss for the fiscal third quarter was $397,000 compared to a net loss of $156,000 for the third quarter of the year prior due to the Company’s revenue recognition of $714,000 from a delayed shipment. For the first nine months of fiscal 2008, the Company’s net loss was $1.15 million, a substantial decrease from $2.89 million for the same nine months in fiscal 2007. The improved financial performance is the result of current year eVU product and service revenues resulting in positive product margins. Net loss available to common stockholders for the third fiscal quarter and for the first nine months of fiscal 2008 were $(0.00) per basic and diluted share respectively, compared to $(0.00) and $(0.01) per basic and diluted share for the same periods last year respectively.