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Homeland Security Capital Corporation Announces Second Quarter Results

Homeland Security Capital Corporation (OTCBB: HOMS), an international provider of specialized technology-based radiological, nuclear, environmental, disaster relief, and electronic security solutions to government and commercial customers, yesterday reported financial results for the second quarter ended December 31, 2010.

Revenue for the quarter was $28.2 million compared to $26.6 million for the same period last year. Net income for the quarter, before giving effect to preferred stock dividends, was $1.2 million or $0.02 per share compared to a net income of $1.2 million or $0.02 per share for the same period last year. Net income attributable to common stockholders, after excluding preferred stock dividends, was $810 thousand or $0.01 per share compared to net income of $819 thousand or $0.02 per share for the same period last year. EBITDA (earnings before interest, taxes, depreciation and amortization) for the quarter was $2.2 million compared to $2.7 million for the previous year’s quarter. EBITDAS (EBITDA before stock based compensation) for the quarter was $2.3 million compared to $3.0 million in the previous year’s quarter.

Revenue for the six months was $53.3 million compared to $47.4 million for the same period last year. Net income for the six months, before giving effect to preferred stock dividends, was $1.5 million or $0.03 per share compared to a net income of $450 thousand or $0.01 per share for the same period last year. Net income attributable to common stockholders, after excluding preferred stock dividends, was $689 thousand or $0.01 per share compared to a net loss of $362 thousand or $0.01 per share for the same period last year. EBITDA (earnings before interest, taxes, depreciation and amortization) for the six months was $3.5 million compared to $3.1 million for the previous year. EBITDAS (EBITDA before stock based compensation) for the six months was $3.6 million compared to $3.7 million in the previous year.

Stock quotes in this article: HOMS 

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