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NEW YORK, Oct. 28, 2013 (GLOBE NEWSWIRE) -- Helios and Matheson Analytics Inc. (the "Company") (Nasdaq:HMNY), a 30 year old organization focused on the banking, financial services, insurance and healthcare sectors, is providing the following preliminary (unaudited) information regarding the results of its operations for the third quarter of the year ended September 30, 2013:
Revenue for Q3-2013 is expected to be comparable with Q3-2012 at about $3.4 million. Net income during Q3-2013 is expected to be at $105,000 as compared to $143,000 during Q3-2012. Revenue for nine months ending September 30, 2013 is expected to be at about $10 million as compared to $9 million for the nine months ending September 30, 2012. Net income is expected to be at about $313,000 or $0.13 per basic and diluted share (EPS) for the nine months ending September 30, 2013 as compared to $258,000 or $0.11 per basic and diluted share (EPS) for nine months ending September 30, 2012.
The Company continues to be debt free. The Company expects to close the third quarter of 2013 with total assets of $5.5 million and total liabilities of $1.2 million. Below is the summary of selected financial data:
Three Months Ended
Nine Months Ended
(In 000s except per share amounts)
Income from operations
Earnings per basic and diluted share
The Company expects that gross margin will be at 20% for the third quarter of 2013 as compared to 22% in the third quarter of 2012, The decrease in gross margin resulted from a change in revenue mix due to relatively lower share of revenue from high margin RPO (Recruitment Process Outsourcing) services. Operating expenses are expected to be $575,000 in the third quarter of 2013, which is a decrease of 5% from the third quarter of 2012.