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UNITEK GLOBAL SERVIC Message Board

  • per_a.jacobsen per_a.jacobsen Oct 16, 2013 12:45 AM Flag

    Ahhhh -- Now caught up on filings

    All,

    So.... finally... Unitek has caught up on the filings, releasing the Q1 and Q2 filings for 2013.

    With the increased finance related costs and the cost of the audit the net income is, of course, a mess, but, generally, I was quite happy to see the purely operational numbers holding up:

    * Revenues increased $21.1 million, or 21.1%, to $121.2 million from $100.0 million for the three months ended June 29, 2013 and June 30, 2012, respectively
    * Gross profit increased $3.4 million, or 18.5%, to $22.1 million from $18.6 million for the three months ended June 29, 2013 and June 30, 2012, respectively.

    To the extent that I was worried, my worry was that the top line would drop significantly from some loss of AT&T related business. This did not seem to be the case (quite the opposite -- the AT&T revenues increased,) and the numbers look... dare I say it?... quite good!

    Moreover, on a year-over-year half year basis adjusted EBITDA grew significantly and net loss dropped by 50%.

    Overall, great news.

    Best,

    pajacobsen

 
UNTK
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