National Lampoon Announces 2008 Fiscal Fourth Quarter and Year End Results
2008年11月11日 - 7:00AM
ビジネスワイヤ(英語)
National Lampoon, Inc. (AMEX:NLN), the leading brand in comedy,
today released its fiscal fourth quarter and full year 2008
financial results for its fiscal year ending July 31, 2008. For the
quarter ending July 31, 2008 the company reported revenues of
$3,491,253, as compared to $167,987 for the comparable quarter
ended July 31, 2007, an increase of approximately 1980%, along with
a net profit of $231,575 as compared with a net loss of $1,333,500
for the prior comparable quarter. The results for the period also
includes non-cash costs associated with accrued preferred stock
dividends and option grants, along with costs associated with the
growth of the company�s Internet and film production initiatives.
For the full year ending July 31, 2008, the company reported
revenues of $7,437,984, as compared to $6,099,065 for the year
ended July 31, 2007 and a net loss of $1,686,974 or ($0.39) per
fully diluted share as compared with a net loss of $2,504,170 or
($0.49) per fully diluted share for the prior fiscal year. The 2007
results also included a substantial one-time gain based on a
settlement with Universal Studios, while no such revenues were
recognized in 2008. The decrease in net loss was primarily due to
the significant increase in revenues from distribution along with
increases in production revenues. The net loss for the twelve-month
period also includes non-cash costs associated with accrued
preferred stock dividends and option grants, along with costs
associated with the growth of the company�s Internet and film
production initiatives. The company also plans to expand its
ongoing overhead reduction plan as a result of a company-wide
initiative to reduce recurring overhead expenses by approximately
20%. These expected savings consist of reduction of expenses
relating to employee headcount and compensation, professional fees,
insurance, and general overhead expenses. �In these challenging
times, this has been an exciting second half of the year for
National Lampoon. In addition to reaching our first net profit in
the third quarter of this year, we were actually able to improve on
that achievement in the most recent quarter. We have spent
substantial time and energy building and growing our revenue base
and business, and it�s great to finally see the economic benefit of
both on a going forward basis,� noted company Chief Executive
Officer Daniel S. Laikin. �While we are dealing with very
challenging economic conditions, we are encouraged going into 2009.
We continue to acquire and produce films to run through our
distribution platforms, as well as grow our library of online
properties and advertiser base, all of which contribute to our
revenue growth. We are very proud of our progress and what we have
built and are cautiously optimistic about our business going into
2009. We have a great team throughout the company and everyone is
committed to build upon our revenue and profitability and improve
shareholder value,� Laikin added. Some of the company highlights in
2008 include: Reached net profitability for the second half of 2008
Completed audit of �Vacation� franchise and currently in
negotiations with Warner Bros. Delivery of our first in-house
feature film, �National Lampoon�s Bag Boy� Completed production on
�National Lampoon�s Ratko: The Dictator�s Son� Started production
of �National Lampoon�s Legend of Awesomest Maximus� Feature film
output deals in VOD/PPV Expanded International film sales in
multiple territories National Lampoon Humor Network remains the
most trafficked humor sites on the Internet Successful and
profitable launch of the new National Lampoon Lemmings troupe
Launch of National Lampoon audio label Launch of the National
Lampoon ZAZ Network About National Lampoon National Lampoon, Inc.
(AMEX:NLN) has been a dominant force in the US comedy world for
almost 40 years, and is currently active in a broad array of media
and entertainment segments. These include feature films, television
programming, online and interactive entertainment, home video,
audio, and book publishing. The Company also owns interests in all
major National Lampoon properties, including National Lampoon�s
Animal House, the National Lampoon Vacation series and National
Lampoon�s Van Wilder. National Lampoon reaches nearly one in four
of all 18- to 24-year-old college students in America today. The
Company has three core operating divisions: National Lampoon Films,
which includes production along with theatrical and video
distribution of feature films; College Marketing Division; and
National Lampoon Networks, providing humor content through a number
of platforms. These include its National Lampoon College TV
network, the National Lampoon Humor Network -- the most trafficked
humor sites on the web, Toga TV.com -- the company�s broadband
channel, the Drunk University Network, and the National Lampoon
Video Network, which includes channels on YouTube, AOL, Yahoo,
Joost, and a number of digital video platforms across the Internet.
These are all anchored by the award-winning comedy website
www.nationallampoon.com.
National Lampoon (AMEX:NLN)
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