Marketing Worldwide Corp. Announces Earnings Results for the Year Ended September 30, 2012; Provides Earnings Guidance for the Second Quarter of 2013
January 15, 2013 at 05:19 pm EST
Marketing Worldwide Corp. announced earnings results for the year ended September 30, 2012. For the year, net revenues were approximately $790.211 for the year ended September 30, 2012. Revenues decreased $1.1 million from the year ended September 30, 2011. This decrease is attributable to the fact that during 2011 the company lost its customer, Toyota, who represented a majority of its total revenues. The loss attributable to the company was reported at $11,116,725, the loss from operations was $1,723,232.
The company anticipated increase in revenue and improving cash flow, beginning in second quarter of 2013.