This Day On The Street
Continue to site
ADVERTISEMENT
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

EFuture Announces Second Quarter 2012 Unaudited Financial Results

BEIJING, Aug. 13, 2012 (GLOBE NEWSWIRE) -- eFuture Information Technology Inc. (Nasdaq:EFUT) (the "Company" or "eFuture"), a leading provider of software and services in China's rapidly growing retail and consumer goods industries, today announced its unaudited financial results for the second quarter ended June 30, 2012.

Second Quarter 201 2 Financial Highlights
  • Total revenue increased 47% year-over-year to RMB39.3 million (US$6.2 million).
  • Gross profit increased 66% year-over-year to RMB13.9 million (US$2.2 million).
  • Adjusted EBITDA was minus RMB21,793 (US$3,430), an improvement from adjusted EBITDA of minus RMB2.6 million in the second quarter 2011.
  • Operating loss was RMB5.4 million (US$0.8 million), an improvement from an operating loss of RMB7.1 million in the second quarter 2011.
  • Net loss was RMB0.5 million (US$0.1 million), compared with a net loss of RMB5.5 million in the second quarter 2011.
  • Adjusted net income was RMB4.3 million (US$0.7 million), an improvement from adjusted net loss of RMB1.3 million in the second quarter 2011.
  • Basic and diluted loss per share was RMB0.12 (US$0.02), as compared to basic and diluted loss per share of RMB1.33 in the second quarter 2011.
  • Adjusted diluted earnings per share improved to RMB1.02 (US$0.16), as compared to adjusted diluted loss per share of RMB0.32 in the second quarter 2011.

Mr. Adam Yan, Chairman and Chief Executive Officer of eFuture, commented on the results. "We are very pleased with our solid financial performance recorded in the second quarter. This was a particularly strong second quarter, recording a 47% year-over-year revenue growth and an improvement in our gross margin. This improvement was the result of strategies initiated by management last year, which included an effort to optimize the restructuring of our product mix with a higher portion of recurring revenue to minimize the effects of seasonality and a series of operational initiatives designed to enhance our ability to increase profitability."

1 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,550.69 -47.51 -0.27%
S&P 500 2,093.32 -4.72 -0.22%
NASDAQ 5,105.5460 -9.8360 -0.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs