DG Systems Q1 Revenue Off
May 12, 2006 at 6:19 AM (PT)
DG SYSTEMS is calling first quarter 2006 a "turnaround quarter," but revenues fell year-to-year from $15.7 to $14.3 million. Net income was off from $1.1 million to $800,000. (2 cents to 1 cent/share), but excluding 1005's one-time operating expense reduction, net income would have been flat. EBITDA was off from $3.6 million to $3.5 million year-to-year.
The numbers showed increases from fourth quarter 2005; the company says it expects to close on its merger with FASTCHANNEL NETWORK on MAY 31.