livingfruitvirus
06-06-2007, 10:56 AM
http://ir.navarre.com/phoenix.zhtml?c=105157&p=irol-newsArticle&ID=1011751&highlight=
REVENUE: $698.4 million (up from $686.1 million)
PROFIT: $4.1 million (up from -$3.2 million)
Stuff that anime fans give a damn about:
Cary Deacon, Chief Executive Officer commented, "The Company is encouraged by its improving profit performance and management of its cash from operations during the fiscal year. FUNimation had a solid growth year and we anticipate growth in that business to continue. While Encore experienced a difficult sales year, its management of gross margin and expenses helped maintain its profitability. The new management team at Encore is meeting its performance objectives and we are seeing the results of their efforts in our new year. BCI experienced a difficult year and is in the process of rebuilding its core business and expanding its content offerings."
FUNimation demonstrated net sales growth of 47.8% during the fiscal year benefiting from new releases including, Fullmetal Alchemist, Robotech, Dragon Ball Z season sets, Trinity Blood and Basilisk. FUNimation net sales were negatively impacted in the fourth quarter by the previously-announced shift in the DVD release of Afro Samurai into the first quarter of fiscal year 2008.
NAVR stock has been upgraded to "Outperform" and "Buy" by Reuters and Rochdale respectively.
REVENUE: $698.4 million (up from $686.1 million)
PROFIT: $4.1 million (up from -$3.2 million)
Stuff that anime fans give a damn about:
Cary Deacon, Chief Executive Officer commented, "The Company is encouraged by its improving profit performance and management of its cash from operations during the fiscal year. FUNimation had a solid growth year and we anticipate growth in that business to continue. While Encore experienced a difficult sales year, its management of gross margin and expenses helped maintain its profitability. The new management team at Encore is meeting its performance objectives and we are seeing the results of their efforts in our new year. BCI experienced a difficult year and is in the process of rebuilding its core business and expanding its content offerings."
FUNimation demonstrated net sales growth of 47.8% during the fiscal year benefiting from new releases including, Fullmetal Alchemist, Robotech, Dragon Ball Z season sets, Trinity Blood and Basilisk. FUNimation net sales were negatively impacted in the fourth quarter by the previously-announced shift in the DVD release of Afro Samurai into the first quarter of fiscal year 2008.
NAVR stock has been upgraded to "Outperform" and "Buy" by Reuters and Rochdale respectively.