Michael Muldowney
Chief Operating Officer and Chief Financial Officer
Nextera Enterprises, Inc
(617) 262-0055
     Boston, MA — November 9, 2006 —
Nextera Enterprises, Inc. (OTC BB: NXRA) today reported results for the third quarter ended September 30, 2006. In the third quarter of 2006, Nextera recorded a net loss of $0.5 million, or $0.01 per share, compared to a net loss of $0.6 million, or $0.02 per share in the 2005 third quarter. Included in this third quarter loss is a $0.1 million non-cash charge related to the amortization of the step-up in value of inventory acquired as part of Nextera’s acquisition of the Woodridge business in March 2006. Net sales for the 2006 third quarter were $3.8 million. The Company had no sales in the 2005 third quarter as it did not have any operations until the March 9, 2006 acquisition of the Woodridge business.
     “In August, we began distributing our Virtual Laser brand through several of our major retail channels, contributing to a 7% increase in net sales over the previous quarter,” said Joe Millin, President of Nextera.
     As of September 30, 2006, Nextera had cash on-hand of $1.5 million. Outstanding debt under the Company’s credit facility was $11.8 million at September 30, 2006, $0.7 million lower than the prior quarter and $1.2 million lower than the initial debt balance at March 9, 2006. Contributing to the ability of the Company to repay its debt was its receipt of $0.3 million with respect to an indemnity claim under the purchase agreement for the acquisition of the Woodridge business. Nextera also has net operating loss carry-forwards exceeding $54.0 million. A full valuation allowance is maintained on the Company’s deferred tax assets, which includes the loss carry-forwards, due to the uncertainty of utilization of the future tax benefits.
     Non-cash charges were $0.8 million in the quarter, or $0.02 per share. Non-cash charges included $0.5 million in deferred tax expense relating to the goodwill generated in the Woodridge acquisition, $0.1 million of amortization of intangible assets, $0.1 million related to the one-time inventory step-up charge, and $0.1 million related to the expensing of stock options.
        10 High Street
        Boston, MA 02110
        617.262.0055 617.262.7105 fax


The following information was filed by Nextera Enterprises Inc (NXRA) on Thursday, November 9, 2006 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 Nextera Enterprises Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Nextera Enterprises Inc.


Never Miss A New SEC Filing Again

Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.


We Highlighted This SEC Filing For You

SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.


Widen Your SEC Filing Reading Experience

Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view


Uncover Actionable Information Inside SEC Filings

SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q


Adobe PDF, Microsoft Word and Excel Downloads

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis


FREE Financial Statements

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator

Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not


Financial Stability Report

Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity


Get a Better Picture of a Company's Performance

Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years


Log in with your credentials


Forgot your details?

Create Account