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Rubicon Technology (Nasdaq: RBCN) $21.11. Announced Wednesday after market close financial results for its fourth quarter ended December 31, 2010. Revenue rose to $29.5 million, up 44 percent sequentially, Gross margin increased 9 percentage points sequentially to 63 percent, Operating margin reaches 50 percent, Diluted earnings per share increased $0.29 sequentially to $0.64.
Commenting on the results, Raja Parvez, President and CEO said, "I am very pleased with the extraordinary finish to 2010 and look forward to what we expect to be a very strong 2011.” The Company’s revenue increased 44 percent sequentially to $29.5 million in the current quarter due to a combination of increased sales volume made possible by the additional capacity from its two new manufacturing facilities and increased pricing resulting from strong demand from the LED market.
What They Do: Rubicon Technology, Inc. is an advanced electronic materials provider that is engaged in developing, manufacturing and selling monocrystalline sapphire and other crystalline products for light-emitting diodes (LEDs), radio frequency integrated circuits (RFICs), blue laser diodes, optoelectronics and other optical applications.
Monotype Imaging Holdings (Nasdaq: TYPE) $11.59. Today announced financial results for the fourth quarter and full year ended Dec. 31, 2010. Fourth quarter revenue was $29.4 million, a 17 percent increase year-over-year. Full year 2010 revenue was $106.7 million, an increase of 13 percent year-over-year. Operating income for the fourth quarter increased 45 percent to $10.2 million. Full year 2010 operating income was $33.1 million, an increase of 25 percent over the prior year.
Non-GAAP net adjusted EBITDA for the fourth quarter was $13.8 million, or 47 percent of revenue. Full year 2010 non-GAAP net adjusted EBITDA was $47.8 million, or 45 percent of revenue. Cash flow from operations for the full year ended Dec. 31, 2010, was $43.7 million, a 56 percent increase over the prior year period.“2010 was a year of recovery and progress for Monotype Imaging, capped by a record fourth-quarter performance,” said Doug Shaw, president and chief executive officer. “Looking forward to 2011, we are well positioned to capitalize on our expanded product portfolio and deliver increased value to our customers.”
What They Do: Monotype Imaging combines technology with design to help the world communicate.
Liz Claiborne (NYSE: LIZ) $5.39. Today announced earnings for the fourth quarter of 2010. For the fourth quarter of 2010 on a GAAP basis, the loss per share from continuing operations was ($0.24) compared to a loss per share from continuing operations of ($0.39) for the fourth quarter of 2009.
Adjusted loss per share from continuing operations for the fourth quarter was ($0.03), compared to an adjusted loss per share from continuing operations of ($0.15) for the fourth quarter of 2009 (inclusive of income of $0.10 per share in the fourth quarter of 2010 and $0.03 in the fourth quarter of 2009, primarily resulting from the impact of changes in foreign currency exchange rates on our eurobond). Net sales for the fourth quarter were $704 million, a decrease of $53 million, or 7.0%, from the comparable 2009 period. Excluding the impact of a $61 million decrease in net sales of the Liz Claiborne family of brands resulting from the transition to the licensing models under the JCPenney and QVC arrangements, net sales increased $8 million, or 1.1%, primarily due to increased sales in our Domestic-Based Direct Brands segment.
What They Do: Liz Claiborne Inc. designs and markets a global portfolio of retail-based premium brands including Juicy Couture, kate spade, Lucky Brand and Mexx.
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