FAB Universal Revenues Up 109% for Third Quarter
FAB Universal (NYSE MKT: FU), a worldwide distributor of digital entertainment, today announced financial results for the third quarter ending September 30, 2012.
Total revenue for the third quarter was $1,745,015 compared with $834,065 in the third quarter of 2011, an increase of 109%. FAB Universal achieved a gross profit of $960,789 for the third quarter of 2012, versus a gross profit of $527,607 in the third quarter of 2011, an increase of 82%.
The third quarter results were highlighted by a strong performance by FAB Universal’s Podcasting business which grew revenues 45%. Overall Media revenues were up 178% in large part due to the inclusion of 4 days of revenues from our acquisition of Digital Entertainment Intl (“FAB”).
Operating expenses totaled $5,744,877, a 436% increase from operating expenses of $1,070,904 in the third quarter of 2011. The increase is due to acquisition related costs, one time non-cash expenses related to issuing stock, and other non-cash expenses. Non-cash expenses alone were $4.3 million of the overall expenses. The majority of these expenses were related to the FAB acquisition and are non reoccurring.
Net loss available to common shareholders, including non-cash and acquisition related expenses, was $4,951,273 or $0.51 per share, in the quarter ended September 30, 2012.
“In the third quarter of 2012, FAB Universal closed its acquisition of Digital Entertainment Intl becoming a $75,000,000+ million dollar annual revenue company, says Chris Spencer, FAB Universal CEO. “We spun off our healthcare operations to shareholders subsequent to the end of the third quarter and we grew our revenues substantially. It was a very busy, productive and successful quarter. We expect the next several quarters will be just as productive and successful as well.”
The previously mentioned numbers and statements are highlights from FAB Universal’s 2012 third quarter 10Q filing. For a complete and detailed financial description of FAB Universal Corp, please visit www.sec.gov, where all of FAB Universal’s SEC filings can be found.
FAB 普遍收入增长 109%第三季
FAB 通用 (NYSE 文锦渡: 傅),世界各地分销商的数字娱乐、 今日公布截至 2012 年 9 月 30 日的第三季度财务业绩。
第三季度的收入总额是美元在 2011 年第三季度增长 109%相比美元 834,065 1,745,015。FAB 普遍达到 $960,毛利润第三季的 2012 年,美元在 2011 年第三季度增加 82 %527,607 毛利润与 789。
第三季度业绩的强劲表现强调了 FAB 通用播客业务的收入增长 45%。整体媒体收入了 178%,很大一部分原因列入 4 天从我们收购的数字娱乐国际 ("FAB") 的收入。
营运开支总额为 $5,744,877,从 2011 年第三季度的营运开支的 1,070,904 万元增加了 436%。增加是因为相关的购置成本,与有关的发行股票,非现金开支的一次和其他非现金费用。非现金费用仅是美元的总体支出 430 万。这些费用的大部分均与 FAB 购置,非上调。
损失净额可用共同向股东,包括非现金并购有关的支出,在截至 2012 年 9 月 30 日的季度是 4,951,273 美元或每股 0.51 元。
"在 2012 年第三季FAB 通用关闭数字娱乐国际成为美元 75,000,000 万港元年度收入公司,收购克里斯 · 斯潘塞,FAB 通用首席执行官说。"我们剥离了我们医疗保健运营向股东第三季结束后,我们大幅增加我们的收入。它是非常忙的、 富有成效的和成功的季度。我们预计,未来几个季度将会只是富有成效和成功也"
语句与前面提到的数字是从 FAB 通用 2012年第三季度 10Q 备案的亮点。完整和详细财务说明的 FAB 通用公司,请访问 www.sec.gov,可以找到所有的 FAB 通用 SEC 归档资料的位置。
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