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.
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Q1 2007
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Q2 2007
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Q3 2007
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Q4 2007
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Q1 2008
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$3,168,000
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$3,038,000
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$2,765,000
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$2,936,000
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$2,615,000
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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.