This Day On The Street
Continue to site right-arrow
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

FirsTime Design Limited Announces Fourth Quarter Results

NEW BERLIN, Wis., Feb. 25, 2013 /PRNewswire/ -- FIRSTIME DESIGN LIMITED (FTDL) today announced record net sales for the twelve months ended December 31, 2012, at $7,646,000 an increase of 62.5% compared to the same period last year. The Company reported consolidated net income of $446,000 or $0.26 per common share, as compared to a net loss of $1,205,000 or ($0.76) per common share last year. Three month net income ended December 31, 2012, was $110,000 or $0.07 per common share, as compared to a net loss of $803,000 or ($0.50) per common share last year; and gross margins at 17 percent compared to 16 percent in the same quarter last year.

(Logo: http://photos.prnewswire.com/prnh/20130225/CG65994LOGO)

"We are pleased with our results as they demonstrate ongoing progress in our revenue growth and profitability," said Christopher D. Bering, FirsTime's President and COO. "Total revenues were at record levels, driven by large initial orders from new customers as well as large expansion orders from major existing customers; profitable sales growth, from existing and new customers, has been a key area of focus for us in 2012."

Mr. Bering concluded, "We are encouraged by the record level of sales and earnings achieved in 2012. Our management team remains committed to sustaining profitable revenue growth, further improving operating margins, generating cash flows and maintaining a strong balance sheet."

About FirsTime Design LimitedFirsTime Design Limited, through its subsidiary, License Products, Inc., does business as FirsTime Manufactory, an industry leading designer, marketer and distributor of timepieces and home decor products sold through national and regional retailers.

1 of 2

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs