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Access
Worldwide Reports Second Quarter Financial Results
ARLINGTON,
VA
-
AugustVa.,
Aug.
15,
2007
/PRNewswire-FirstCall/
--
Access Worldwide Communications, Inc. (OTC Bulletin Board: AWWC), a
Business Process Outsourcing ("BPO") services company, today reported financial
results for the three and six months ended June 30, 2007.
For
the Three Months Ended June 30, 2007
Our
revenues for the three months ended June 30, 2007 increased $2.4
million, or 38.1%, to $8.7 million, compared to $6.3 million for the three
months ended June 30, 2006. Revenues for the U.S. Segment increased $1.1
million, or 20.8%, to $6.4 million for the three months ended June 30, 2007,
compared to $5.3 million for the three months ended June 30, 2006. Revenues
for the International Segment increased $1.3 million, or 130.0%, to $2.3
million for the three months ended June 30, 2007, compared to $1.0 million
for
the three months ended June 30, 2006. The increase was attributed to our
primary
client in the Philippines growing by 250% offset by one of our client's decision
to bring its outsourced production hours in house at the beginning of the
second
quarter.
Our
earnings before interest ,
taxes
and depreciation for the three months ended June 30, 2007 increased $0.6
million
or 150%, to $0.2 million, compared to $(0.4) for the three months ended June
30,
2006. The increase is primarily attributed to the increased revenues in both
of
our business segments.
We
reported a net loss from continuing operations of $(2.8) million, or
$(0.13)
loss per share of common stock, for the three months ended June 30, 2007,
compared to a net loss from continuing operations of $(1.2) million, or
$(0.07)
loss per share of common stock, for the three months ended June 30, 2006.
The
net loss from continuing operations for the three months ended June 30, 2007
includes a non-cash interest expense charge of $2.5 million from the conversion
of all of our Convertible Debts to common stock. Total weighted average common
shares outstanding for the three months ended June 30, 2007 and June 30,
2006
were 22,129,092 and 17,350,507 respectively.
For
the Six Months Ended June 30, 2007
Our
revenues for the six months ended June 30, 2007 increased $5.6
million, or 47.5%, to $17.4 million, compared to $11.8 million for the six
months ended June 30, 2006. Revenues for the U.S. Segment increased $2.9
million, or 29.0%, to $12.9 million for the six months ended June 30, 2007,
compared to $10.0 million for the six months ended June 30, 2006. Revenues
for the International Segment increased $2.7 million, or 150.0%, to $4.5
million for the six months ended June 30, 2007, compared to $1.8 million
for the
six months ended June 30, 2006.
Our
earnings before interest ,
taxes
and depreciation for the six months ended June 30, 2007 increased $1.5 million
or 214%, to $0.8 million, compared to $(0.7) for the six months ended June
30,
2006. The increase is primarily attributed to the increased revenues in both
of
our business segments.
We
reported net loss and loss per share of common stock from continuing operations
of $ (2.9)
million and $(0.14), respectively, for the six months ended June 30, 2007,
compared to net loss and loss per share of common stock of $(2.2) million
and
$(0.13), respectively, for the six months ended June 30, 2006. The net loss
from
continuing operations for the six months ended June 30, 2007 includes a non-cash
interest expense charge of $2.5 million from the conversion of all of our
Convertible Debts to common stock. Total weighted average common shares
outstanding for the six months ended June 30, 2007 and June 30, 2006 were
19,904,079 and 17,119,773, respectively.
Inc.
(OTC
Bulletin Board: AWWC), a Business Process Outsourcing ("BPO") services company,
today reported financial results for the three and six months ended June 30,
2007. The following information was filed by Access Worldwide Communications Inc (AWWC) on Wednesday, August 15, 2007 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one quarter to another to evaluate Access Worldwide Communications Inc's financial trajectory
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AWWC Quarterly Reports
- 10-Q Quarterly Report August 2008
- 10-Q Quarterly Report May 2008
-
10-Q Quarterly Report November 2007
- 10-Q Quarterly Report August 2007
- 10-Q Quarterly Report May 2007
