SmartDisk beats Q2 forecast

By on September 20, 2016
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SmartDisk beats Q2 forecast

SmartDisk has beaten its predictions for that second quarter by $2.seven million.

SmartDisk – which creates the VST selection of Mac-compatible items – reported revenue of $20.seven million, in comparison with $30.9 million for the similar quarter this past year. The outcomes surpassed the business’s revenue predictions of $18 million.

Deficits for that period were $8.two million, or $.47 per share, in comparison to some internet lack of $4.3 million or $.25 per share for that second quarter of 2000.

President and Chief executive officer of SmartDisk, Michael Battaglia, stated: “Despite a frightening economic system, our revenue, operating results and funds-flow performance are encouraging. Additionally, the organization is constantly on the expand its products, implement new marketing and purchasers initiatives, and improve its procedures.”

For that six-month period ending June 30, revenue was $37.9 million, in comparison to $48.3 million for the similar period in 2000. SmartDisk’s internet loss for that first 1 / 2 of 2001 was $16.6million, in comparison having a lack of $4.8 million for the similar period this past year.

SmartDisk is predicting revenues of $23 to $25 million for that third quarter 2001. It’s anticipating revenues of $90 to $95million for that twelve month. SmartDisk predicted it might continue being “cash positive” for that relaxation of the season.

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