This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

IParty Corp. Reports First Quarter 2010 Financial Results

iParty Corp. (NYSE Amex: IPT), a party goods retailer, today reported financial results for its first quarter of fiscal year 2010, which ended on March 27, 2010.

First Quarter 2010 Highlights

  • Improvements to top line and bottom line in the first quarter of 2010 compared to the first quarter of 2009.
  • Consolidated revenues of $14.8 million for the first quarter of 2010, a 1.8% increase compared to the first quarter of 2009.
  • Comparable store sales increase for the first quarter of 2010 of 1.3%.
  • Net loss of $1.5 million for the first quarter of 2010, compared to a net loss of $1.7 million for the first quarter of 2009.
  • EBITDA net loss for the first quarter of 2010 of $976 thousand compared to an EBITDA net loss in the first quarter of 2009 of $1,043 thousand. (See accompanying schedule for reconciliation of non-GAAP EBITDA to net loss for the period).

Sal Perisano, iParty’s Chairman and Chief Executive Officer, stated, “We were pleased to see a modest increase in sales at our comparable stores during the first quarter of 2010, following seven consecutive quarters of negative comp store sales results prior to this quarter. Also, by continuing to operate on a lower expense base, we were able to translate that modest sales increase into an improved bottom line compared to the first quarter of 2009.”

Mr. Perisano further stated, “We are also happy to report that we expect to grow the company in 2010. Our plans include further development of our urban store concept and expanding the temporary Halloween store side of our business. In late 2009, we opened our first urban store in Boston. We plan to open an additional store in another prime Boston retail location before the upcoming 2010 Halloween season. We are also actively reviewing sites for an expanded number of temporary Halloween stores.”

1 of 5

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs