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 Financial Results |
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| Fourth Quarter 2011 Highlights |
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Revenue increased 39.0 to $91.9 million |
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Gross profit increased 42.5% to $28.0 million |
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Operating income increased 42.1% to $24.0 million
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Net income, increased 60.4% to $18.2 million, or $0.31 per diluted share
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Adjusted EBITDA increased 54.7% to $27.5 million
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| Third Quarter 2011 Highlights |
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Revenue increased 63.4% to $101.1 million |
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Gross profit increased 72.7% to $32.1 million |
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Operating income increased 74.5% to $28.7 million
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Net income increased 76.2% to $21.4 million
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Adjusted EBITDA increased 80.0% to $31.6 million
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| Second Quarter 2011 Highlights |
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Revenue increased 34.4% to $86.1 million |
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Gross profit increased 23.2% to $23.6 million |
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Operating income increased 20.1% to $20.8 million
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Net income increased 16.3% to $14.0 million
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Adjusted EBITDA increased 21.1% to $21.9 million
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| First Quarter 2011 Highlights |
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Revenue increased 1.4% to $62.7 million
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Gross profit decreased 3.7% to $18.0 million
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Adjusted net income, which excludes the one-time warrant exercise expenses, was $9.7 million, or $0.20 per diluted share
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Adjusted EBITDA was $17.1 million
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| Full Year 2010 Highlights |
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Revenue increased 16.0% to $253.9 million |
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Gross profit increased 15.5% to $76.0 million |
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Gross margin was 29.9% |
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Operating income increased 11.0% to $66.9 million |
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Net income increased 8.4% to $47.1 million, or $1.01 per diluted share |
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Unrestricted cash increased 50.1% to $119.5 million |
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Operating cash flow increased 8.0% to $36.5 million |
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Working capital increased 35.3% to $66.7 million |
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| Fourth Quarter 2010 Highlights |
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Revenue increased 15.6% to $66.1 million |
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Gross profit increased 15.4% to $19.6 million |
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Gross margin was 29.7% |
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Operating income increased 7.2% to $16.8 million |
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Net income was $11.3 million, or $0.23 per diluted share |
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| Third Quarter 2010 Highlights |
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Revenue increased 4.4% to $61.9 million compared to the same period last year |
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Gross profit increased 2.3% to $18.6 million |
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Operating income increased 1.8% to $16.5 million |
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Net income increased 5.6% to $12.1 million, or $0.25 per diluted share |
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| Second Quarter 2010 Highlights |
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Revenue increased 15.5% to $64.0 million compared to the same period last year |
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Gross profit increased 13.0% to $19.1 million |
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Gross margin decreased 60 basis points to 29.9% |
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Net income increased 5.8% to $12.1 million, or $0.26 per diluted share |
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| First Quarter 2010 Highlights |
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Revenue increased 31.6% to $61.8 million from $47.0 million in the first quarter of 2009 |
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Gross profit increased 36.2% to $18.7 million from $13.7 million |
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Gross margin increased 102 basis points to 30.2% from 29.2% |
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Operating income increased 28.4% to $16.3 million from $12.7 million |
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Net income attributable to common stockholders increased 26.2% to $11.5 million, or $0.25 per diluted share, from $9.1 million, or $0.26 per diluted share in the same period last year |
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Shareholders' equity of $104.6 million as of March 31, 2010, compared to $87.0 million at the end of 2009 |
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Click here for a PDF of the Company’s full year and fourth quarter 2010 earnings release |
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