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TheStreet Open House

Helios And Matheson Reports Results For The Fourth Quarter And The Year Ending December 31, 2013

Stocks in this article: HMNY

NEW YORK, Jan. 31, 2014 (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 fourth quarter of the year ended December 31, 2013:

Revenue for Q4-2013 is expected to be approximately $3.2 million compared to $3.3 million for Q4-2012. Net income during Q4-2013 is expected to be $70,000 as compared to $164,000 during Q4-2012. Revenue for the twelve months ending December 31, 2013 is expected to be approximately $13.3 million as compared to $12.3 million for the twelve months ending December 31, 2012, which is approximately a 7% increase. Net income is expected to be approximately $383,000 or $0.16 per basic and diluted share (EPS) for the twelve months ending December 31, 2013 as compared to $422,000 or $0.18 per basic and diluted share (EPS) for the twelve months ending December 31, 2012. For the first three quarters of 2013, quarterly net income was approximately $100,000 and for the fourth the quarter net income is expected to be approximately $70,000. During the second half of the year, the Company has made investments in furthering its analytics business.

The Company continues to be debt free. The Company expects to close the fourth quarter of 2013 with total assets of $5.2 million and total liabilities of $831,000. Below is the summary of selected financial data:

  Three Months Ended Year Ended
(In 000s except per share amounts) 12/31/13 12/31/12 12/31/13 12/31/12
  (Unaudited) (Unaudited) (Unaudited) (Audited)
Revenue  $ 3,232  $ 3,325  $ 13,291  $ 12,369
Gross Profit  $ 601  $ 695  $ 2,733  $ 2,787
Income from operations  $ 68  $ 156  $ 375  $ 506
Net Income  $ 70  $ 164  $ 383  $ 422
Earnings per basic and diluted share  $ 0.03  $ 0.07  $ 0.16  $ 0.18
Dividend Per share $ 0.00 $ 0.00  $ 0.09 $ 0.00

Gross margin was 19% for the fourth quarter of 2013 as compared to 21% for the fourth quarter of 2012. Revenue from high margin RPO (recruitment process outsourcing) was lower during the fourth quarter of 2013 resulting in the lower gross margin. The Company continues to keep a tight control over Selling, General and Administration (SGA) expenses resulting in slightly lower SGA expenses which were approximately of $533,000 for the fourth quarter of 2013 as compared to $540,000 during the fourth quarter of 2012.

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