National Holdings Corporation (OTC:NHLD) has announced that financial results for the fiscal year ended September 30, 2009. The company’s reported record revenues of $116 million, and an adjusted EBITDA loss of ($1.27) million. It’s realized net loss for the year was ($6.79) million on revenues of $116.59 million.
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Net loss before interest, taxes, depreciation, and amortization (EBITDA) was reported as ($1.28 million) for the year, compared to the previous year’s net loss of ($3.96 million). The full financial results may be found on the company’s websites, http://www.nationalsecurities.com/ and http://www.vfinance.com/. For questions, or comments, contact Chief Executive Officer Mark Goldwasser at 212.417.8210, or President Leonard Sokolow at 561.981.1005.
National Holdings Corporation (National) is a financial services organization, operating primarily through its wholly owned subsidiaries, National Securities Corporation (National Securities), vFinance Investments, Inc. (vFinance Investments) and EquityStation, Inc. (EquityStation) (collectively, the Broker Dealer Subsidiaries). The Broker Dealer Subsidiaries conduct a national securities brokerage business through its main offices in New York, New York, Boca Raton, Florida, and Seattle, Washington. The Company through its Broker Dealer Subsidiaries offers service retail brokerage to approximately 45,000 institutional clients, provides investment banking, merger, acquisition and advisory services to micro, small and mid-cap high growth companies, and engages in trading securities. On July 1, 2008, National and vFinance, Inc. announced the completion of the merger between the two companies.
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