FirsTime Design Limited Announces Second Quarter 2021 Results
- Q2 2021 over Q2 2020 net sales and EPS growth of 23% and (91)%, respectively
- Q2 2021 over Q2 2019 net sales and EPS growth of 77% and (33)% respectively
- The Company began to roll out its new Spring 2021 product assortment which is the largest in Company history
Financial Results Summary
Income Statement Summary | Second Quarter Period | Year to Date Period | ||||||||||||||
$ | 5,305,000 | $ | 4,305,000 | $ | 12,614,000 | $ | 7,645,000 | |||||||||
Sales Growth % | 23.2 | % | 43.4 | % | 65.0 | % | 24.3 | % | ||||||||
EBITDA | $ | 187,000 | $ | 523,000 | $ | 886,000 | $ | 667,000 | ||||||||
Margin % | 3.5 | % | 12.1 | % | 7.0 | % | 8.7 | % | ||||||||
Net Income | $ | 43,000 | $ | 463,000 | $ | 668,000 | $ | 564,000 | ||||||||
Margin % | 0.8 | % | 10.8 | % | 5.3 | % | 7.4 | % | ||||||||
Earnings per Share | $ | 0.04 | $ | 0.40 | $ | 0.58 | $ | 0.49 | ||||||||
EPS Growth % | -90.7 | % | 568.3 | % | 18.4 | % | 52.6 | % | ||||||||
Wtd. Avg. Shares Out. | 1,154,651 | 1,154,651 | 1,154,651 | 1,154,651 | ||||||||||||
Balance Sheet Summary | Year to Date Period | |||||||
$ | 11,870,000 | $ | 4,199,000 | |||||
Net Debt | $ | 6,133,000 | $ | 1,437,000 | ||||
Total Shareholder's Equity | $ | 9,727,000 | $ | 4,897,000 | ||||
Operational Results Summary
Chairman and CEO,
About
Cautionary Statement Regarding Forward-Looking Statements
This document contains certain forward-looking statements about FirsTime and its general business outlook. When used in this document, the words "anticipates", "can", "will", "look forward to", "expected" and similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of FirsTime, that could cause actual outcomes and results to be materially different from those projected, described, expressed, or implied in this document due to several risks and uncertainties. Potential risks and uncertainties include, among others, the possibility that the anticipated continued growth of FirsTime may not be achieved, general economic conditions in regions in which FirsTime does business, and the possibility that FirsTime may be adversely affected by other financial, business, and/or competitive factors. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of FirsTime. The Company's results are preliminary and unreviewed and are subject to change once FirsTime posts its financial results for the year ended 2020.
SOURCE:
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