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

Hotel Outsource Management International, Inc. Presents Q3 2012 Results

Gross Profit in the third quarter of 2012, after consideration of depreciation expense, was US$130,000, compared to US$123,000 in the third quarter of 2011, an increase of 5.7%. Gross profit margin increased from 13.9% in the third quarter of 2011 to 16.7% in the third quarter of 2012.

Operating Loss in the third quarter of 2012 was US$323,000, compared to an operating loss of US$339,000 in the third quarter of 2011.

The research and development of the HOMI ® 330, was completed in 2009. The research and development of an additional product, the new generation HOMI® 226, began in the first quarter of 2012. Total research and development expenses in the third quarter of 2012 were $25,000. Selling and Marketing expenses decreased to US$70,000 from US$92,000 in the third quarter of 2011, primarily as a result of the reduction of marketing efforts. General and administrative expenses decreased from US$345,000 to US$339,000.

Net Loss in the third quarter of 2012 was US$421,000, compared to a net loss of US$490,000 in the third quarter of 2011.

Cash and Cash Equivalents as of September 30, 2012 were US$148,000, including deposits, compared to US$345,000 as of December 31, 2011.

Total Shareholders' Equity as of September 30, 2012 was US$2,000,000, compared to US$1,176,000 as of December 31, 2011.

About HOMI

HOMI is a multi-national service provider in the hospitality industry, supplying a range of services in relation to computerized minibars that are primarily intended for in-room refreshments. HOMI was incorporated under the laws of Delaware in 2000 and is listed on the Over-the-Counter "OTC" Exchange, under the symbol "HOUM".

HOMI and its subsidiaries are engaged in the distribution, marketing and operation of computerized minibars in major branded hotel chains, operating approximately 10,500 computerized minibar systems at 43 hotels located in the United States, Europe and Israel, and in the development and manufacture of a new range of computerized minibar systems, designed to improve the performance of minibar departments, thereby improving the hotel’s bottom line.

2 of 3

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 17,636.21 -53.65 -0.30%
S&P 500 2,102.45 -1.39 -0.07%
NASDAQ 5,139.5020 +11.2210 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs