RE:Quarterly comparisonsCraigbad wrote: | |
| |
| Operating Revenue | 28,347 | 27,489 | 19,130 | 13,634 | 14,308 |
| Adjustments to Revenue | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | 2,613 | 3,475 | 4,056 | 2,389 | 3,016 |
| Gross Operating Profit | 23,079 | 22,002 | 14,440 | 10,484 | 10,535 |
| |
| Selling/General/Admin Expense | (14,233) | (12,563) | (9,256) | (7,087) | (6,855) |
| Research & Development | (9,347) | (6,742) | (2,459) | (2,356) | (2,334) |
| EBITDA (Operating Income Before Depreciation) | 305 | 2,828 | 2,725 | 1,041 | 1,346 |
| Depreciation & Amortization | (2,655) | (2,012) | (634) | (761) | (757) |
| Operating Income | (2,350) | 816 | 2,091 | 280 | 589 |
| Interest Income | - | - | - | - | - |
| Other Income, Net | 301 | 130 | (83) | (33) | 15 |
| Total Income Before Interest Expense (EBIT) | (2,272) | 891 | 2,091 | 280 | 589 |
| Interest Expense | (252) | (413) | N/A | N/A | N/A |
| Income Before Tax | (2,524) | 478 | 2,008 | 247 | 604 |
| Income Taxes | (1,503) | (1,123) | (124) | 32 | 66 |
| Minority Interest | - | - | - | - | - |
| Net Income from Continuing Operations | (4,028) | (645) | 1,884 | 279 | 670 |
| Net Income from Discontinued Operations | - | - | - | - | - |
| Net Income from Total Operations | (4,028) | (645) | 1,884 | 279 | 670 |
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I don't like that this doesn't take into account their non-GAAP revenue. The DIVX acquisition increased the gross revenue but now they've got accounts receivable. If my memory is correct, I believe they should be done paying this by early 2016? Basically without any growth, they'd be at a profit just from not having to make these payments anymore. I get that we could be overly pessimistic and assume that Neulion will keep being at a loss every Quarter... but that doesn't sound very much realistic does it? The company keeps growing, the Operating Revenue certainly shows that. It's doubled in a year. I'll bet on them being profitable.