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FirsTime Design Limited Announces Fourth Quarter 2016 Results


(Numbers in thousands, except per share amounts)

FIRSTIME DESIGN LTD. (FTDL) today announced net sales for the year ended December 31, 2016 of $7,274, a decrease of 22.6% compared to the same period last year. The Company reported net income of $450 or $0.30 per common share for the year ended December 31, 2016, a decrease of 74.3% compared to the same period last year. FTDL ended the year with $3,832 of cash on the balance sheet.

About FirsTime Design Limited

FirsTime Design Limited, through its subsidiary, FirsTime Manufactory, Inc., is an industry leading designer, marketer and distributor of timepieces, thermometers and other home décor products sold at major-national retailers. More information can be found at: www.firstime.com or http://www.otcmarkets.com/stock/FTDL/quote.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170223006711/en/