Marketing Worldwide Corp. announced financial reported for the first quarter ended December 31, 2012. For the period, the company reported
net revenues of $193,974. The revenues decreased by $29,615 from the three months ended December 31, 2011. This decrease is attributable to the fact that some of the new programs that had already been awarded still have been significantly delayed. At the same time team was focused on the pre-production of a number of already awarded projects and aggressively pursuing additional business, with a focus on immediate production start. For the three months ended December 31, 2012, MWW has significantly improved its gross loss, which was $26,249 in the first quarter of 2013, compared to a gross loss of $91,684 for the three months ended December 31, 2011. This improvement is based on the fact that MWW sold a greater percentage of its higher margin products during the first quarter of 2013 than in the same period during 2012. Net income available to common stockholders improved to a profit of $4,047,258, generated earnings per share of $0.02 in the first quarter of 2013 compared to a $2,128,659 loss in the first quarter of 2012 an increase of $6,175,917. This increase was partially based on the change in the fair market value of the derivative liabilities. At the same time total liabilities decreased from $16,245,335 in 2012 to $11,883,752 in 2013 and generated earnings per share of $0.02 in first quarter of 2013 as opposed to a loss of $0.02 per share in first quarter of 2012.