This Day On The Street
Continue to site
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

SmartPros Releases Year-End 2012 Financial Results

Company Increases Dividend by 20%

Annual Meeting to be Held on June 20, 2013

HAWTHORNE, N.Y., March 7, 2013 (GLOBE NEWSWIRE) -- SmartPros Ltd. (Nasdaq:SPRO), a leader in the field of accredited professional education and corporate training, today reported results for the fiscal year ended December 31, 2012.

For the year ended December 31, 2012, compared to 2011:
  • Net revenue of $15.89 million, compared to $16.99 million
  • Operating loss of $1.18 million, compared to operating income of $198,000
  • Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of $500,000, compared to $1.37 million
  • Net loss of $1.90 million, or $0.40 per share, compared to a net income of $154,000, or $0.03 per share
Net (loss) income  $ (1,895,465)  $ 154,127
Provision for income taxes  735,379  44,614
Depreciation and amortization  1,118,157  1,178,538
Interest and dividend income  (27,023)  (12,022)
Impairment of goodwill  568,000  -- 
ADJUSTED EBITDA $499,048 $1,365,257

As of December 31, 2012, the Company had approximately $5.4 million in cash, cash equivalents and certificates of deposit, $5.0 million in deferred revenue, stockholders' equity of $9.8 million, and no debt.

1 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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.70 0.00%
FB $101.91 0.00%
GOOG $683.11 0.00%
TSLA $150.47 0.00%
YHOO $26.76 0.00%


Chart of I:DJI
DOW 15,660.18 -254.56 -1.60%
S&P 500 1,829.08 -22.78 -1.23%
NASDAQ 4,266.8370 -16.7550 -0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs