CVSL Inc. [NYSE MKT: CVSL] today announced financial results for its second quarter of 2015.
Revenue for the quarter was $35.7 million, up from $24.6 million in the second quarter last year, an increase of 45.2%. Operating loss was $2.5 million, compared to a loss of $4.1 million in last year’s second quarter, an improvement of 39.0%.
“We are very pleased with our second quarter results. The quarter clearly demonstrated the effectiveness of our strategy of buying companies at favorable prices and then applying our expertise to strengthen them and increase cash flow,” said John Rochon Jr., Vice Chairman of CVSL.
“These results compare favorably to our reported and pro forma first quarter numbers, and to the same period last year. With our cost management efforts now operating on all cylinders, we feel very good about
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Ominto, Inc. Reports 3rd Quarter Fiscal 2015 With A 337% Increase In Revenue
by Tina Williams • • 0 Comments
Ominto, Inc. (OTC PINK: OMNT), the global leader in online Cash Back shopping, today reported fiscal 2015 financial results for the three months and nine months ended June 30, 2015.
For the three months ended June 30, 2015, revenues increased approximately 337% to $4.8 million over the $1.1 million reported in the same three month period of 2014. The loss from continuing operations in the three months ended June 30, 2015 and 2014 were approximately $1.3 million and $1.5 million, respectively. At June 30, 2015, the Company had deferred fee revenues of approximately $12.6 million, substantially all of which will be recognized as revenues during fiscal years 2015 and 2016.
For the nine months ended June 30, 2015, revenues were $13.4 million compared to $3.5 million as reported in the same period of fiscal 2014, an