Shop At Home Reports Record Fourth Quarter and Year-end Results; Annual Revenue Increased 50.8%.
Business Wire (September 01, 1999)
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Shop At Home Reports Record Fourth Quarter and Year-end Results; Annual Revenue Increased 50.8%.
NASHVILLE, Tenn.--(BUSINESS WIRE)--Aug. 31, 1999--
Shop At Home, Inc. (Nasdaq:SATH), a leading retailer of specialty consumer and collectible products through interactive electronic media, today reported record results for its fourth quarter and fiscal year ended June 30, 1999. Fourth quarter revenues were $41.5 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter was $1.9 million, and net loss for the quarter was $0.9 million. EBITDA is calculated as operating income or loss plus depreciation, amortization and non-recurring move-related expenses. Fiscal 1999 revenues were $152.0 million and net loss for the year was $3.3 million. Fourth Quarter Highlights -- Revenues increased 38.1% over the prior year, the Company's twenty-second...Try vLex for FREE for 3 days
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