Rochester, NY 2/11/2010 2:26:17 AM
DJSP Enterprises, Inc DJSPW Reports Revenue of $189.8 Million Ending September 30th, 2009
DJSP Enterprises, Inc a leading in the mortgage/real estate market for processing services announced their financials ending September 30th, 2009. These financials occurred prior to the companies association with Chardan 2008 China Acquisition Corp.
Highlights of the report include:
Revenues increased 44% to $73 million, up form $50.6 million (same time last year). Over a nine month period, revenue increased 29% to $189.8 million.
The adjusted net income for Q3 was $10.4 million with an adjusted net of $32.4 million or $1.65 per share.
Q3 adjusted EBITDA was $16.4 million, with $50.7 for the nine month period.
During the first nine months of fiscal 2009, the Company's adjusted net income increased to $32.4 million.
The company has reaffirmed it's guidance of $42 million (approximate adjusted net income) and $67.8 million in adjusted EBITDA for calendar year 2009. 2010 is expected to produce net incomes of $49 million (approximate) with an adjusted EBITDA of $80.6 million (approximate). These figures exclude one time transaction expenses.
Shares are trading 3.39 Up 0.17 (5.28%) as this is written.
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