Exhibit 99.1

 

International Headquarters

 

5221 North O’Connor Blvd.

 

Suite 500

 

Irving, Texas 75039

News Release

 

Phone:

972.869.3400

 

Fax:

972.443.1701

 

FOR IMMEDIATE RELEASE

 

Contact :

 

Jim Taylor, Chief Executive Officer

 

 

972-869-3400

 

 

jtaylor@thomasgroup.com

 

Thomas Group Announces Fourth Quarter and Year 2005 Results

 

Irving, Texas, February 16, 2006 Thomas Group, Inc. (NasdaqCM.TGIS),

a leading operational consulting firm, today announced net income of $1.1 million, or $0.10 per diluted share, for the fourth quarter of 2005 on revenues of $11.7 million. Fourth quarter results included $0.6 million, or $0.06 per diluted share, for year-end employee bonuses and a $0.8 million, or $0.08 per diluted share, non-cash charge for discontinued operations. Fourth quarter net income from continuing operations was $1.9 million, or $0.18 per diluted share, compared to $0.9 million, or $0.08 per diluted share, on revenues of $7.9 million for the fourth quarter of 2004.

 

For the year ended December 31, 2005, net income was $6.8 million, or $0.63 per diluted share, on revenues of $43.1 million, compared to net income of $1.5 million, or $0.14 per diluted share, on revenues of $30.0 million for the year ended December 31, 2004. Net income from continuing operations for 2005 of $8.0 million, or $0.75 per diluted share, compares favorably $2.4 million, or $0.22 per diluted share, for the same period of 2004.

 

“Our bottom-line focused approach to growing Thomas Group brought outstanding results to our shareholders in 2005”, said Jim Taylor, CEO. “Although a 44% increase in annual revenues will attract most of the attention for this past year, several other items contributed greatly to the 507% appreciation in our stock price during 2005. Our unwavering ability to drive results for clients combined with actions such as eliminating debt, repurchasing all outstanding warrants at a 37% discount and re-listing on NASDAQ all contributed to our success in 2005.”

 

Taylor continued, “As our financial condition improved during the year, we announced a dividend plan, declaring our first-ever dividend during the fourth quarter. We ended 2005 ranking fourth in price appreciation among all stocks listed on NASDAQ. Marked improvement in equity and liquidity, coupled with the continued high utilization of our expanded workforce in 2005, gives us a strong platform upon which to build in 2006.”

 

Fourth Quarter and Year 2005 Financial Performance:

 

·              Revenue:  Revenue for the fourth quarter of 2005 was $11.7 million, which represents a $3.8 million increase, or 48%, from the comparable period of 2004. Revenue for the year 2005 was $43.1 million, which represents a $13.1 million increase, or 44%, over the comparable period of 2004. This increase for both the quarter and the year is attributable to new revenue contracts and the expansion of existing programs in the US, primarily in the governmental sector.

 

·              Gross Margins: Gross profit margins for the fourth quarter were 46%, compared to 54% for the fourth quarter of 2004. The decrease is primarily attributable to year-end performance compensation paid to the Company’s

 


The following information was filed by Thomas Group Inc (TGISQ) on Thursday, February 23, 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Thomas Group 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-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Thomas Group Inc.

Continue

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.

Continue

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.

Continue

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

Continue

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

Continue

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

Continue

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

Continue

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

Continue

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

Continue

Log in with your credentials

or    

Forgot your details?

Create Account