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TheStreet Open House

Insignia Systems, Inc. Announces A Profitable Fourth Quarter

Stocks in this article: ISIG

Non-GAAP Financial Measures

To supplement the Company’s financial statements presented in accordance with accounting principles generally accepted in the United States (GAAP), the Company has provided certain non-GAAP financial measures of financial performance in prior public announcements. These non-GAAP measures are:

  • net income (loss) before gain from litigation settlement (net of tax), and
  • net income (loss) before gain from litigation settlement (net of tax) and restructuring charge (net of tax)

The Company’s reference to these non-GAAP measures should be considered in addition to results prepared under current accounting standards and are not a substitute for, or superior to, GAAP results.

These non-GAAP measures are provided to enhance investors’ overall understanding of the Company’s current financial performance and ability to generate cash flows. In many cases, non-GAAP financial measures are used by analysts and investors to evaluate the Company’s performance. Reconciliation to the nearest GAAP measure can be found in the financial table below.

           
Three Months Ended Year Ended
December 31 December 31
      2012     2011     2012     2011
Net income (loss) $   69,000     $ (388,000 ) $ (1,624,000 ) $ 51,089,000
 
Adjustment:
Gain from litigation settlement (net of tax)         -       -         -         (55,062,000 )
Non-GAAP net income (loss) before gain from litigation settlement (net of tax) 69,000 (388,000 ) (1,624,000 ) (3,973,000 )
 
Adjustment:
Restructuring charge (net of tax)         -       -         261,000         -  
Non-GAAP net income (loss) before gain from litigation settlement (net of tax) and restructuring charge (net of tax)     $   69,000     $ (388,000 )     $ (1,363,000 )     $ (3,973,000 )
 

Conference Call

The Company will host a conference call today, February 27, at 4:00 p.m. Central Time. To access the live call, dial 877-268-1608. The Conference ID is 98083959. Please be sure to call in about 5-10 minutes before the call is scheduled to begin. Audio replay will be available approximately two hours after the call until March 6, 2013. To access the replay, dial 855-859-2056 and reference Conference ID 98083959. The audio recording will also be archived on the Company’s website approximately two days after the call until March 29, 2013.

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