MSN 3.04
Monday August 21, 7:45 am ET
Emerson Radio Announces Increases in Net Revenue and Net Income for Fiscal 2007 First Quarter
biz.yahoo.com
Emerson Radio Corp. today reported a 43.3% gain in net revenue to $55.4 million, compared to $38.6 million in the first quarter of fiscal 2006, and a 40% increase in consolidated net income to $581,000 or $0.02 per diluted share for the first quarter of fiscal 2007, compared to net income of $416,000 or $0.02 per diluted share for the same period last year. The revenue increase was driven by sales of Emerson® branded products, $17.3 million, or 50.4%, to $51.6 million from $34.3 million for the first quarter of fiscal 2007 as compared to the same period in fiscal 2006. Included in the increase were sales of Emerson's iPod® compatible products, introduced this past quarter of $5.0 million. Emerson's themed product sales increased by $500,000 to $2.3 million in the first quarter of fiscal 2007, up from $1.8 million for the first quarter of fiscal 2006. |
