q1 1999.
"...Data Broadcasting Corp. (Nasdaq:DBCC - news) Monday reported results for its first fiscal quarter ended Sept. 30, 1998.
For the three-month period, the company reported revenues of $22.5 million, earnings before interest, taxes, depreciation and amortization (EBITDA) of $4.8 million and income from operations of $0.8 million. Net income from continuing operations was $0.1 million, or $0.00 per share, after giving effect to losses of $1.0 million, or $0.01 per share, from CBS MarketWatch, the company's 50/50 joint venture with CBS Broadcasting Inc., and losses of $1.7 million, or $0.02 per share, from the rollout of the company's InSite products and the continued development of AgCast.
In the corresponding prior-year period, income from continuing operations totaled $1.7 million, or $0.05 per share, and net income was $925,000, or $0.03 per share, on revenues of $23.1 million. The prior year's first quarter included a loss of $767,000, or $0.02 per share, from discontinued operations.
Data Broadcasting continued to generate strong cash flow, finishing the quarter with $19.4 million in cash. During the quarter, the company used $2 million for the continued development of CBS MarketWatch, including expenses associated with the filing of a Registration Statement with the Securities and Exchange Commission. The company also used $3.9 million to acquire Global Treasury Information Systems (GTIS) and $1.2 million to repurchase Data Broadcasting Corp. common stock..."
source: biz.yahoo.com |
