Commentary Regarding Q3 From $FDVF Management
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Posted On: 05/26/2016 12:36:23 PM
Below is management commentary regarding the Q3 results from the $FDVF website.
"Our Third Quarter ending March 31, 2016 financial statements are now available in PDF format for you review. We are also pleased to report that this was our highest net revenue and second most profitable quarter since becoming a pure play PEO in late 2008. Third Quarter ending March 31, 2016 EBITDA is $ 1.8 million on $16.9M in net revenue as compared to $16.5M for third quarter ending March 31, 2015, a revenue increase of 2.4%. Further, YTD March 31, 2016 EBITDA is $4.4 million compared to YTD March 31, 2015 EBITDA of $4.1 million representing an increase of 7.3%. For the current fiscal year, YTD net revenue has increased 4.5% to $48.3 million as compared to the same period last year and YTD gross profit has increased 10.6% to $12.6M as compared to the same period last year."
"Our Third Quarter ending March 31, 2016 financial statements are now available in PDF format for you review. We are also pleased to report that this was our highest net revenue and second most profitable quarter since becoming a pure play PEO in late 2008. Third Quarter ending March 31, 2016 EBITDA is $ 1.8 million on $16.9M in net revenue as compared to $16.5M for third quarter ending March 31, 2015, a revenue increase of 2.4%. Further, YTD March 31, 2016 EBITDA is $4.4 million compared to YTD March 31, 2015 EBITDA of $4.1 million representing an increase of 7.3%. For the current fiscal year, YTD net revenue has increased 4.5% to $48.3 million as compared to the same period last year and YTD gross profit has increased 10.6% to $12.6M as compared to the same period last year."
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