a21 Q1 Down 17%

Posted on 5/16/2008 by Jim Pickerell | Printable Version | Comments (0)

a21, Inc. has reported Q1 results of $5,107,000, down 17% from it's the same period last year. The SuperStock division had revenues of $2,615,000, down 11% from Q4 2007 and 17% from a year earlier.

Q1 2007

Q2 2007

Q3 2007

Q4 2007

Q1 2008

$3,168,000

$3,038,000

$2,765,000

$2,936,000

$2,615,000

John Ferguson, a21 Chief Executive Officer, said, "Despite the challenging market conditions, we have continued to reduce costs and improve organizational efficiency. We believe that we can leverage our marketing initiatives into improved performance as we look for market conditions to stabilize in the near-term."

First-quarter selling, general and administrative expenses of $3.2 million were down approximately $500,000, compared to the prior year period. The year-over-year decrease can be attributed to the company's efficiency improvement and cost control initiatives. Depreciation and amortization expense for the first quarter was $587,000.

The net loss for the period was $1.4 million, or $0.02 per fully diluted share, compared to a net loss of $1.0 million, or $0.01 per fully diluted share, for the same prior year period. As of March 31 , the company's cash position was $1.1 million, and working capital was $570,000.

The price of a21 stock on the OTC Bulletin Board is $0.017. There were 87,061,076 shares outstanding at December 31, 2007.


Copyright © 2008 Jim Pickerell. The above article may not be copied, reproduced, excerpted or distributed in any manner without written permission from the author. All requests should be submitted to Selling Stock at 10319 Westlake Drive, Suite 162, Bethesda, MD 20817, phone 301-251-0720, e-mail: wvz@fpcubgbf.pbz

Jim Pickerell is founder of www.selling-stock.com, an online newsletter that publishes daily. He is also available for personal telephone consultations on pricing and other matters related to stock photography. He occasionally acts as an expert witness on matters related to stock photography. For his current curriculum vitae go to: http://www.jimpickerell.com/Curriculum-Vitae.aspx.  

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