Q3 Net Loss $0.13 per share ($0.11 fully diluted) YTD Net Income $0.21 per share ($0.19 fully diluted)
VANCOUVER, British Columbia, Jan. 4, 2013 (GLOBE NEWSWIRE) -- Leading Brands, Inc. (Nasdaq:LBIX), North America's only fully integrated healthy branded beverage company, announces results for its third quarter of fiscal 2012, which ended November 30, 2012. All financial amounts are denominated in Canadian dollars, with all financial figures rounded to the nearest $000.
Gross revenue for Q3 2012 was $4,081,000, versus $4,474,000 in the same period of last year. The decrease was due to a reduction in demand for the Company's co-packing services in the quarter, a delay in delivery of product for a seasonal promotion and a lag in listings of the Company's juice brands due to a change in packaging format.Q3 2012 net loss was $(376,000) or $(0.13) per share [$(0.11) fully diluted] versus net income of $245,000 or $0.07 per share [$0.07 fully diluted] in the same quarter of fiscal 2011. YTD net income was $627,000 or $0.21 per share [$0.19 fully diluted], versus a net income of $1,339,000 or $0.39 per share [$0.37 fully diluted] in the first three quarters of last year. Q3 2012 net loss before stock based compensation (SBC) was $(344,000) or $(0.12) per share [$(0.10) fully diluted] versus $272,000 or $0.08 per share [$0.08 fully diluted] in the same quarter last year. YTD net income before SBC $750,000 or $0.25 per share [$0.22 fully diluted] as compared to $1,599,000 or $0.40 [$0.38 fully diluted] a year ago. Q3 2012 EBITDAS (Earnings Before Interest, Depreciation, Amortization and SBC) was $(261,000) or $(0.09) per share [$(0.08) fully diluted], versus a positive $556,000 or $0.17 per share [$0.16 fully diluted] during the same period last year. YTD EBITDAS was $1,567,000 or $0.51 per share [$0.47 fully diluted] versus $2,789,000 or $0.80 per share [$0.76 fully diluted] in the first three quarters of fiscal 2011.