Got in TRFX here $5.70s on their recent huge .05 vs .03 earnings beat, Net Income up 60%, first large profitable qtr in their history. Breaking out:
Traffix, Inc. Reports First Quarter 2007 Results
Monday April 16, 9:07 am ET
Board Declares Dividend of $0.08 Per Share
PEARL RIVER, N.Y.--(BUSINESS WIRE)--Traffix, Inc. (NASDAQ:TRFX - News), a premier interactive media company, today reported results for the first quarter ended February 28, 2007.
Net revenue for the quarter was $18 million, representing an increase of $1.0 million, or 6%, when compared to net revenue of $17.0 million for the first quarter of fiscal 2006. Income from operations for the quarter was $1.0 million, representing an increase of $0.3 million, or 45%, when compared to income from operations of $0.7 million for the first quarter of fiscal 2006. Earnings before interest, taxes, depreciation and amortization ("EBITDA") for the quarter was $1.6 million, representing an increase of $171,000, or 12%, when compared to EBITDA of $1.43 million for the first quarter of fiscal 2006. Net income for the quarter was $678,000, representing an increase of $255,000, or 60%, when compared to net income of $423,000 in the first quarter of fiscal 2006. Diluted earnings per share for the quarter was $0.05, representing an increase of $0.02 per share, or 56%, when compared to diluted earnings per share of $0.03 for the first quarter of fiscal 2006.
On a sequential basis, net revenue for the quarter was $18 million, representing an increase of $0.8 million, or 5%, when compared to net revenue of $17.2 million for the fourth quarter of fiscal 2006. Income from operations for the quarter was $1.0 million, representing a sequential increase of approximately $1.4 million, when compared to a loss from operations of $368,000 for the fourth quarter of fiscal 2006. EBITDA for the quarter was $1.6 million, representing a sequential increase of $1.5 million, when compared to EBITDA of $76,000 for the fourth quarter of fiscal 2006. Diluted earnings per share for the quarter was $0.05, representing a sequential increase of $0.05 per share, when compared to diluted earnings per share of $0.00 for the fourth quarter of fiscal 2006.
Commenting on the results for the quarter, Mr. Jeffrey L. Schwartz, Chairman and Chief Executive Officer of Traffix, stated, "We continued our focus on growing the business, and are proud to report a return to profitability after a tough fourth quarter in fiscal 2006. We were able to grow our top line revenue by 6%, on a comparable basis, and by 5%, on a sequential basis, while improving income from operations, net income and diluted earnings per share, on both a comparable and sequential basis."
Mr. Schwartz continued, "We believe the balance of fiscal 2007 will continue to be profitable, with our financial position remaining strong, and liquid, as we continue to seek out strategic opportunities that will fuel our future growth."
The Company reported that the Board of Directors declared a dividend of $0.08 per share on April 13, 2007, to shareholders of record as of May 1, 2007, payable on or about May 10, 2007.
Traffix, Inc. Reports First Quarter 2007 Results
Monday April 16, 9:07 am ET
Board Declares Dividend of $0.08 Per Share
PEARL RIVER, N.Y.--(BUSINESS WIRE)--Traffix, Inc. (NASDAQ:TRFX - News), a premier interactive media company, today reported results for the first quarter ended February 28, 2007.
Net revenue for the quarter was $18 million, representing an increase of $1.0 million, or 6%, when compared to net revenue of $17.0 million for the first quarter of fiscal 2006. Income from operations for the quarter was $1.0 million, representing an increase of $0.3 million, or 45%, when compared to income from operations of $0.7 million for the first quarter of fiscal 2006. Earnings before interest, taxes, depreciation and amortization ("EBITDA") for the quarter was $1.6 million, representing an increase of $171,000, or 12%, when compared to EBITDA of $1.43 million for the first quarter of fiscal 2006. Net income for the quarter was $678,000, representing an increase of $255,000, or 60%, when compared to net income of $423,000 in the first quarter of fiscal 2006. Diluted earnings per share for the quarter was $0.05, representing an increase of $0.02 per share, or 56%, when compared to diluted earnings per share of $0.03 for the first quarter of fiscal 2006.
On a sequential basis, net revenue for the quarter was $18 million, representing an increase of $0.8 million, or 5%, when compared to net revenue of $17.2 million for the fourth quarter of fiscal 2006. Income from operations for the quarter was $1.0 million, representing a sequential increase of approximately $1.4 million, when compared to a loss from operations of $368,000 for the fourth quarter of fiscal 2006. EBITDA for the quarter was $1.6 million, representing a sequential increase of $1.5 million, when compared to EBITDA of $76,000 for the fourth quarter of fiscal 2006. Diluted earnings per share for the quarter was $0.05, representing a sequential increase of $0.05 per share, when compared to diluted earnings per share of $0.00 for the fourth quarter of fiscal 2006.
Commenting on the results for the quarter, Mr. Jeffrey L. Schwartz, Chairman and Chief Executive Officer of Traffix, stated, "We continued our focus on growing the business, and are proud to report a return to profitability after a tough fourth quarter in fiscal 2006. We were able to grow our top line revenue by 6%, on a comparable basis, and by 5%, on a sequential basis, while improving income from operations, net income and diluted earnings per share, on both a comparable and sequential basis."
Mr. Schwartz continued, "We believe the balance of fiscal 2007 will continue to be profitable, with our financial position remaining strong, and liquid, as we continue to seek out strategic opportunities that will fuel our future growth."
The Company reported that the Board of Directors declared a dividend of $0.08 per share on April 13, 2007, to shareholders of record as of May 1, 2007, payable on or about May 10, 2007.
