Non-GAAP Financial Measures
The Company reports information in accordance with U.S. Generally Accepted Accounting Principles ("GAAP"). The Company has also disclosed its performance on a non-GAAP basis that eliminates the effect of certain one-time expenses related to its recent restatement and related legal matters. Management believes this income measure provides a more representative assessment of performance and provides better comparability between reporting periods.
The Company's management does not, nor does it suggest that investors should, consider such non-GAAP financial measures in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. The Company presents such non-GAAP financial measures in reporting its financial results to provide investors with an additional tool to evaluate the Company's operating results. The following table reconciles the GAAP (loss) income from continuing operations to the non-GAAP income from continuing operations excluding one-time expenses, versus the previous year:
| For the Year Ended
| For the Three Months Ended
| For the Six Months Ended
|(Loss) income from continuing operations||$||(1,621,655||)||$||1,600,949||$||135,004||$||1,748,096||$||(293,217||)||$||965,415|
|Income from continuing operations ex one-time expenses||$||1,555,229||$||1,600,949||$||763,716||$||1,748,096||$||1,742,623||$||965,415|
|*In Fiscal 2012, one-time expenses related to the restatement of the Fiscal 2009 and Fiscal 2010 consolidated financial statements, and related legal matters|
Shareholder RelationsIf you would like to schedule an individual meeting with DGSE management please call 972-481-3820 or email email@example.com with your meeting request. Conference Call DGSE will hold a conference call this afternoon at 2:00 p.m. Central Time (3:00 p.m. Eastern Time) to discuss the Company’s year-end 2012 financial results. To participate in the teleconference, please call in a few minutes before the start time: +877-317-6789 for U.S. callers, +866-605-3852 for Canadian callers and +412-317-6789 for international callers and reference the DGSE conference call (confirmation code 10026741) when prompted. A replay will be available one hour after completion of the call through April 29, 2013 at 8:00 a.m. CT. To access the replay, please dial +877-344-7529 (U.S. callers) or +412-317-0088 (international callers) and reference passcode 10026741. The webcast and archived replay can also be accessed on the Company’s website at www.dgse.com. About DGSE Companies DGSE Companies, Inc. wholesales and retails jewelry, diamonds, fine watches, and precious metal bullion and rare coin products through its Bullion Express, Charleston Gold & Diamond Exchange, Dallas Gold & Silver Exchange, and Southern Bullion Coin & Jewelry operations. DGSE also owns Fairchild International, Inc., one of the largest vintage watch wholesalers in the country. In addition to its retail facilities in Alabama, Florida, Georgia, Illinois, North Carolina, South Carolina, Tennessee and Texas, the Company operates internet websites which can be accessed at www.bullionexpress.com, www.dgse.com, www.cgdeinc.com, and www.sbcoin.com. Real-time price quotations and real-time order execution in precious metals are provided on another DGSE website at www.USBullionExchange.com. Wholesale customers can access the full vintage watch inventory through the restricted site at www.FairchildWatches.com. The Company is headquartered in Dallas, Texas and its common stock trades on the NYSE MKT exchange under the symbol "DGSE."