On a consolidated basis, our operating cash flow was positive and we expect that cash flow for the company will continue to be positive for the foreseeable future. We ended the quarter with 11.7 million of cash, additionally we received approximately $800,000 of cash in January 2012 from a tax refund and expect to receive an additional 2.3 million in cash during the first half of fiscal year 2013 from the delivery of the Film Production segment’s episodic series.We also continue to believe our stock price is undervalued considering our strong balance sheet and cash flow. During the quarter, we had an opportunity to repurchase a large block of approximately 2.1 million shares. We believe the repurchase of shares was a good use of our capital considering the depressed value of our stock. Year-to-date we have repurchased approximately 3 million shares or $3.5 million worth of stock.
New Frontier Media's CEO Discusses F3Q12 Results - Earnings Call Transcript
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