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BabyUniverse discusses integration & operating milestones
25 Dec '07
3 min read
BabyUniverse Inc announced its financial results for the third quarter ended November 3, 2007.
BabyUniverse announced the following:
• Net sales during the third quarter of fiscal 2007 totaled $16.2 million, compared to net sales of $16.5 million for the third quarter of fiscal 2006.
• Net loss for the third quarter of fiscal 2007 was $5.6 million, or $0.31 per diluted share, compared to a net loss of $6.0 million, or $0.40 per diluted share, for the third quarter of fiscal 2006.
• Net sales for the nine months ended November 3, 2007 totaled $30.5 million, compared to net sales of $30.9 million for the nine months ended October 28, 2006.
• Net loss for the nine months ended November 3, 2007 was $19.4 million, or $1.20 per diluted share, compared to a net loss of $19.2 million, or $1.38 per diluted share, for the nine months ended October 28, 2006.
• Total debt at November 3, 2007 was $21.2 million compared to $53.0 million at October 28, 2006.
Commenting on the third quarter of 2007, Michael Wagner, President and CEO, said, "We are extremely pleased with our level of accomplishment during the third quarter. We completed a transformative merger of BabyUniverse into eToys Direct and efficiently executed a comprehensive integration of operations well in advance of our peak holiday season. Having faced the
typical challenges associated with combinations of this nature, I am pleased to report that our merger integration activities were completed to our expectations with virtually no adverse impacts on our overall business operations."
BabyUniverse announced the following:
• Net sales during the third quarter of fiscal 2007 totaled $16.2 million, compared to net sales of $16.5 million for the third quarter of fiscal 2006.
• Net loss for the third quarter of fiscal 2007 was $5.6 million, or $0.31 per diluted share, compared to a net loss of $6.0 million, or $0.40 per diluted share, for the third quarter of fiscal 2006.
• Net sales for the nine months ended November 3, 2007 totaled $30.5 million, compared to net sales of $30.9 million for the nine months ended October 28, 2006.
• Net loss for the nine months ended November 3, 2007 was $19.4 million, or $1.20 per diluted share, compared to a net loss of $19.2 million, or $1.38 per diluted share, for the nine months ended October 28, 2006.
• Total debt at November 3, 2007 was $21.2 million compared to $53.0 million at October 28, 2006.
Commenting on the third quarter of 2007, Michael Wagner, President and CEO, said, "We are extremely pleased with our level of accomplishment during the third quarter. We completed a transformative merger of BabyUniverse into eToys Direct and efficiently executed a comprehensive integration of operations well in advance of our peak holiday season. Having faced the
typical challenges associated with combinations of this nature, I am pleased to report that our merger integration activities were completed to our expectations with virtually no adverse impacts on our overall business operations."
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