BeaconEquity.com announces the publication of an article reporting ATS’
Fourth-Quarter Financial Results for Fiscal 2008.
Investors can view all of the investment articles for free by visiting: http://www.beaconequity.com/m
In the article the author writes:
“ATS Corp. (OTCBB: ATCT), an innovative provider of software and systems development, systems integration and infrastructure management to government and commercial entities, recently announced its fourth-quarter financial results for the fiscal year ended December 31, 2008. … Revenue for the fourth quarter of 2008 was $30.9 million, a decrease of 2% from the fourth quarter 2007 revenue of $31.5 million. The company states that the decline in fourth-quarter revenue was due to under performance of its commercial business. Quarterly revenue of its commercial business decreased to $6.3 million, or 19%, from the same quarter last year. Revenue from the company's government contracts increased 2% to $24.5 million, quarter-over-quarter.”
ATS’ net income and EBITDA up higher in the fourth quarter of 2008:
“Fourth-quarter of 2008 operating income rose to $2.6 million, compared with an operating loss of $32,000 for the same period last year. Net income for the most recent reporting quarter increased to $785,000, or 3 cents per diluted common share, compared with a net loss of $32,000, or a loss of a cent per diluted common share. … Earnings before interest, taxes, depreciation and amortization expenses (EBITDA) reported for the fourth quarter of 2008 was $3.4 million, or a margin of 11.1%, compared with $2.8 million, or 8.9%, for the same quarter last year. EBITDA margins increased 21.4% year-over year.”
To read the entire article visit http://www.beaconequity.com/m
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Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
