PITTSBURGH--(BUSINESS WIRE)--
FAB Universal (NYSE MKT: FU), a worldwide distributor of digital entertainment, today announced financial results for the first quarter ending March 31st, 2013.
Total revenue for the first quarter was $22,636,393 compared with $847,319 in the first quarter of 2012, an increase of 2,572%. FAB Universal achieved a gross profit of $8,374,762 for the first quarter of 2013, versus a gross profit of $548,465 in the first quarter of 2012, an increase of 1,427%. The overall increase in revenue for Q1, 2013 is substantially due to the acquisition of Digital Entertainment International.
Operating expenses for the first quarter 2013 were $4,118,135, versus expenses of $1,650,206 in the first quarter of 2012, an increase of 150%, substantially due to the acquisition of Digital Entertainment International.
For the first quarter of 2013, FAB posted Net Income of $3,003,997 or $.15 per share versus Net Loss of ($997,230) or ($.13) per share in 2012. For the first quarter of 2013 FAB incurred Non-Cash Expenses of $1,813,351, and a reduction of revenue due to Deferred Revenue accounting treatment totaling $1,915,814.
FAB increased Cash in the first quarter of 2013 by just over $10,000,000 to total Cash of $29,768,023.
“Our first quarter 2013 financial performance was outstanding and we increased Cash by ten million dollars,” said Chris Spencer, FAB Universal CEO. “We had record revenue and profit for the first quarter and we expect to see strong growth throughout 2013. We look forward to generating $100 million in business in 2013 and continuing to look for substantial, cash generating digital media acquisitions both in the U.S. and abroad.”
FAB Universal Corp. expects to generate between $23.4 million and $23.9 million in revenue in the second quarter of 2013 and between $98.9 million and $102.6 million for the full year 2013. The Company expects after tax Net Income between $2.8 million and $3.0 million for the second quarter of 2013 and between $19.3 million and $20.1 million for the full year 2013.
The previously mentioned numbers and statements are highlights from FAB’s 2013, First Quarter 10Q filing. For a complete and detailed financial description of FAB Universal Corporation, please visit www.sec.gov, where all of FAB’s SEC filings can be found.
匹兹堡 — — (业务线) — —
FAB 通用 (NYSE 文锦渡: 富),数字娱乐,全球经销商今日公布截至 2013 年 3 月 31 日的第一季度财务结果。
第一季度的收入总额是 $22,636,393 $847,319 在 2012 年第一季度增加了 2,572%相比。FAB 普遍达到 $8,374,毛利润2013 年的 $548,465 在 2012 年第一季度增加了 1,427%的毛利润与第一季度为 762。整体收入增加为第 1 季度,2013年极大地是由于数字娱乐国际的收购。
与 $1,650,206 中增加了 150%,2012 年第一季度的费用 $4,118,135,第一季度 2013年营运开支由于数字娱乐国际的收购。
2013 年第一季度,晶圆厂张贴净收入 3,003,997 美元或美元每股的净损失为 ($997,230) 与.15 或 ($.13) 2012 年每股。2013 年的第一季度的晶圆厂招致非现金费用的 $1,813,351,并减少收入总额 1,915,814 美元的递延收入会计处理。
晶圆厂将在 2013 年第一季度的现金上升为刚刚超过 10000000 美元到 $29,768,023 的现金总额。
"我们第一季度 2013年财政表现非常出色我们增加了 1000 万美金,现金",晶圆厂通用首席执行官克里斯 · 斯宾塞说。"我们记录收入和利润的第一季度,我们期望看到整个 2013年的强劲增长。我们期待着在 2013 年在业务中生成 $1 亿和继续寻找生成数字媒体收购在美国和的大量,现金"
晶圆厂通用公司预计为 2013年全年生成 $2340 万和美元在 2013 年第二季度收入 2390 万之间和 $9890 万和 $1 亿 260 零万之间。该公司预期以及美元 1930 万和元 2013年全年 2010 万之间 $280 万和 $300 万 2013 年第二季度的净收入税后。
语句与前面提到的数字是从晶圆厂的亮点 2013 年第一季度 10Q 备案。完整和详细财务的说明晶圆厂环球公司,请访问 www.sec.gov,哪里可以找到所有的晶圆厂的 SEC 归档资料。
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