KIT digital (KTD) Announces Preliminary Q2 Results, Calls for 108% Increase in Revenue Y/Y
Tweet
Share
E-mailGet Alerts KITD Hot Sheet
Join SI Premium – FREE
KIT digital, Inc. (NASDAQ: KITD) , reported preliminary second quarter results for the period ended June 30, 2011.
KIT digital management expects to report record revenue for the second quarter of 2011 of approximately $48 million, up 108% from $23.1 million in the second quarter of 2010.
Operating EBITDA, a non-GAAP metric which management uses as a proxy for operating cash-flow, is expected to total approximately $9.5 million, up 34% from $7.1 million in the previous quarter and up 125% from $4.2 million in the second quarter of 2010.
Cash and cash equivalents at June 30, 2011 totaled approximately $38 million, as compared to $109.7 million at March 31, 2011. The decrease during the quarter was due to the consideration paid for acquisitions completed during the quarter, as well as restructuring and integration expenses and advisory fees related to the acquisitions.
KIT digital management expects to report record revenue for the second quarter of 2011 of approximately $48 million, up 108% from $23.1 million in the second quarter of 2010.
Operating EBITDA, a non-GAAP metric which management uses as a proxy for operating cash-flow, is expected to total approximately $9.5 million, up 34% from $7.1 million in the previous quarter and up 125% from $4.2 million in the second quarter of 2010.
Cash and cash equivalents at June 30, 2011 totaled approximately $38 million, as compared to $109.7 million at March 31, 2011. The decrease during the quarter was due to the consideration paid for acquisitions completed during the quarter, as well as restructuring and integration expenses and advisory fees related to the acquisitions.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BJ's Wholesale Club (BJ) Tops Q2 EPS by 19c, Beats on Revenue; Offers FY27 EPS Guidance
- Nordson Corp. (NDSN) Tops Q3 EPS by 16c; Offers Guidance
- Advance Auto Parts (AAP) Tops Q2 EPS by 22c; lifrs profit guidance
Create E-mail Alert Related Categories
GuidanceSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
