Sonic Q4 Net Income Widens
For the fourth quarter of 2010, the company posted net revenue of $26.37m, compared to $32.24m for the prior year period. Gross profit was $18.51m, compared to $23.62m for the prior year period.
For the full year ended March 31, 2010, the company has posted a net loss of $1.21m, or $0.04 per diluted share, compared to $118.12m, or $4.45 per diluted share, for the year ago period. Net revenue was $104.34m for the 12 months, compared to $119.95m for the year ago period. Gross profit was $72.48m, compared to $67.47m for the year ago period.
For the first quarter of fiscal 2011 ending June 30, 2010, the company anticipates revenues of approximately $25m, that adjusted EBITDA will be break even to slightly negative, and that deferred revenues will increase by $1m to $3m.
Will the company reach expected revenues in Q1?
Have your say and discuss with your peers on the InfoGrok community.
Participate by posting your comments now.