Back to Newsroom
Back to Newsroom

SmallCapReview - Small Caps On The Move - OSTK, SGOC, RH

Friday, 19 April 2013 11:17 AM

Topic:

Overstock.com (Nasdaq: OSTK) $18.70, Up $3.00. Announced Thursday after market close results for the quarter ended March 31, 2013. Revenue: $312.0M vs. $262.4M (19% increase); Gross profit: $58.9M vs. $47.5M (24% increase); Net income: $7.7M vs. $2.7M ($5.0M increase); and Diluted EPS: $0.32/share vs. $0.12/share ($0.20/share increase).

What They Do: Overstock.com is an online discount retailer based in Salt Lake City, Utah that sells a broad range of products including furniture, rugs, bedding, electronics, clothing, jewelry and cars.

SGOCO Group (Nasdaq: SGOC) $1.49, Up $0.25. Today announced its unaudited financial results for the fourth quarter and the full year ended December 31, 2012.

In the fourth quarter of 2012, total revenues increased by 143.5% to $63.4 million from $26.0 million quarter-over-quarter. Of the total revenues, the revenues generated from SGOCO brand sales were $41.1 million, or 64.8% of total revenues, as compared to $22.3 million, or 35.2% of total revenues generated from OEM businesses. 

Net income for the fourth quarter of 2012 was $3.2 million, or 5.0% of total revenues, as compared to a loss of $1.1 million quarter-over-quarter. Diluted earnings per share for the quarter were $0.19, as compared to a diluted loss per share of $0.06 for the third quarter.

What They Do: SGOCO Group, Ltd. is focused on product design, brand development and distribution in the Chinese flat panel display market, including computer monitors, TVs and application specific products. SGOCO sells its products and services in the Chinese market and abroad.

Restoration Hardware (NYSE: RH) $38.80, Up $6.05. Announced Thursday after market close financial results for the fourth quarter and fiscal year ended February 2, 2013. Net revenues for the fourth quarter of fiscal 2012 increased 30% to $398.1 million from $305.2 million for the fourth quarter of fiscal 2011. The fourth quarter of fiscal 2012 consisted of 14 weeks compared with 13 weeks for the prior year. The 14th week added approximately $24.0 million in net revenues for the quarter and the year. Excluding the 14th week, net revenues increased 23% compared to the fourth quarter of fiscal 2011. This is on top of a 19% increase in net revenues for the fourth quarter of fiscal 2011.

Adjusted net income increased 24% to $24.2 million for the fourth quarter of fiscal 2012 from $19.5 million for the fourth quarter of fiscal 2011. GAAP net loss during the fourth quarter 2012 was $28.4 million compared to GAAP net income of $24.1 million for the fourth quarter of fiscal 2011.

Adjusted diluted EPS was $0.64 for the fourth quarter of fiscal 2012. The 14th week in the fourth quarter of 2012 added approximately $0.04 in adjusted diluted EPS for the quarter and the year. GAAP diluted EPS during the fourth quarter 2012 was a loss of $0.79.

What They Do: Restoration Hardware Holdings is a curator of design, taste and style in the luxury lifestyle market.


About SmallCapReview

Copyright SmallCapReview. SmallCapReview.com has been a leading site for information on Small Cap Stocks, Penny Stocks and Microcaps since 1999. Visit http://SmallCapReview.com to sign up for our FREE newsletter.

Topic:
Back to newsroom
Back to Newsroom
Share by: