ProPhotonix Limited ProPhotonix annouces results -3-
2015年3月19日 - 4:01PM
ＲＮＳを含む英国規制内ニュース （英語）
Proceeds from issuance of long-term debt 175 800
Principal repayment of long-term debt (292 ) (339 )
Debt issuance costs - (398 )
Net cash provided by financing activities 27 501
Effect of exchange rate on cash (64) 69
Net change in cash and equivalents (71) (876)
Cash and equivalents at beginning of year 402 1,278
Cash and equivalents at end of period $ 331 $ 402
Supplemental cash flow information:
Cash paid for interest $ 303 $ 263
Common stock issued in connection with financing $ - $ 193
Warrants issued in connection with financing $ - $ 55
PROPHOTONIX LIMITED
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT
(in thousands)
Common Stock
Additional Accumulated Other Total
Par Paid in Accumulated Comprehensive Stockholders'
Shares $0.001 Capital Deficit Income Equity (Deficit)
Balance December 31, 2012
......................... 76,059 $ 76 $ 110,893 $ (110,521) $ 222 $ 670
Share based compensation,
net of forfeitures
................. - - 169 - - 169
Issuance of common stock
to settle liabilities
................... 7,606 8 185 - - 193
Issuance of warrants for
financings
................. - - 55 - - 55
Translation adjustment .. - - - - (368) (368)
Net loss
......................... - - - (1,153) - (1,153)
Balance December 31, 2013
......................... 83,665 $ 84 $ 111,302 $ (111,674) $ (146) $ (434)
Share based compensation,
net of forfeitures
................. - - 280 - - 280
Translation adjustment... 958 958
Net loss
......................... - - - (1,340) - (1,340)
Balance December 31, 2014
......................... 83,665 $ 84 $ 111,583 $ (113,013) $ 812 $ (535)
Values may not add due to rounding
Notes to unaudited Preliminary Results
Basis of Presentation
The financial information set out in this document does not
constitute the Company's statutory accounts for 2013 and 2014 or
the Company's annual audited accounts for 2014 to be published and
sent to its shareholders in accordance with Rule 19 of the AIM
Rules for Companies. The 2014 accounts included herein are
unaudited and therefore subject to change at the time the audited
accounts are issued. The 2014 unaudited preliminary financial
statements were prepared under US GAAP and were approved on March
18, 2015, by the Directors for issue on March 19, 2015. It is
intended that the Company's 2014 annual report and audited accounts
will be available to shareholders on or about April 2, 2015.
Cautionary Statement
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements
other than statements of historical fact, including without
limitation, those with respect to ProPhotonix's goals, plans and
strategies set forth herein are forward-looking statements. The
following important factors and uncertainties, among others, could
cause actual results to differ materially from those described in
these forward-looking statements: uncertainty that cash balances
may not be sufficient to allow ProPhotonix to meet all of its
business goals; uncertainty that ProPhotonix's new products will
gain market acceptance; the risk that delays and unanticipated
expenses in developing new products could delay the commercial
release of those products and affect revenue estimates; the risk
that one of our competitors could develop and bring to market a
technology that is superior to those products that we are currently
developing; and ProPhotonix's ability to capitalize on its
significant research and development efforts by successfully
marketing those products that the Company develops. Forward-looking
statements represent management's current expectations and are
inherently uncertain. All Company, brand, and product names are
trademarks or registered trademarks of their respective holders.
ProPhotonix undertakes no duty to update any of these
forward-looking statements.
Use of Non-GAAP Financial Measures
The Company provides non-GAAP financial measures, such as
EBITDA, to complement its consolidated financial statements
presented in accordance with GAAP. Non-GAAP financial measures do
not have any standardized definition and, therefore, are unlikely
to be comparable to similar measures presented by other reporting
companies. These non-GAAP financial measures are intended to
supplement the user's overall understanding of the Company's
current financial and operating performance and its prospects for
the future. Specifically, the Company believes the non-GAAP results
provide useful information to both management and investors by
identifying certain expenses, gains and losses that, when excluded
from the GAAP results, may provide additional understanding of the
Company's core operating results or business performance, which
management uses to evaluate financial performance for purposes of
planning for future periods. However, these non-GAAP financial
measures are not intended to supersede or replace the Company's
GAAP results.
The Company uses EBITDA (earnings before interest, taxes,
depreciation, amortization, and stock-based compensation) as a
non-GAAP financial measure in this press release. A reconciliation
of net loss to EBITDA for the total year 2014 and 2013 is as
follows:
(in thousands)
Year Ended December 31,
2014 2013
------------------------ --------
Net Loss (1,340) (1,153)
Plus:
Interest and other expense / (income), net 1,436 45
Depreciation 158 212
Intangible asset amortization 100 120
Stock based compensation 280 169
Taxes - (73)
------------------------ --------
EBITDA profit / (loss) 634 (680)
------------------------ --------
Restructuring and nonrecurring charges - 582
------------------------ --------
Adjusted EBITDA profit / (loss) 634 (98)
------------------------ --------
This information is provided by RNS
The company news service from the London Stock Exchange
END
FR EAPDPFEKSEFF
Prophotonix S (LSE:PPIR)
過去 株価チャート
から 10 2024 まで 11 2024
Prophotonix S (LSE:PPIR)
過去 株価チャート
から 11 2023 まで 11 2024
