Shuffle Master, Inc. (NASDAQ:SHFL) announced its results for the fourth quarter and fiscal year ended October 31, 2011.
�It was a sensational year at Shuffle Master and we ended it the way we wanted to, with a blockbuster fourth quarter,� said Gavin Isaacs, Chief Executive Officer of Shuffle Master. �By nearly every financial metric we use, including revenue, recurring revenue and Adjusted EBITDA, the quarter and the year, were record breakers for us. It�s important to view these results not only as a testament to past performance, but also as a benchmark for our future. By continuing to raise our expectations and our efforts, we believe we will ensure the best days for this Company are the ones that lie ahead.�
Fourth Quarter 2011 Financial Highlights
Revenue increased year-over-year by 12% to a record $65.7 million, up from $58.6 million in the prior year period.
Total lease, royalty and service (�recurring�) revenue was up 12% year-over-year and 3% sequentially, and totaled $27.6 million.
GAAP net income increased 71% year-over-year to a record $9.7 million, compared to $5.7 million in the prior year period.
Diluted earnings per share (”EPS”) increased 80% year-over-year to $0.18, compared to $0.10 in the prior year period. EPS in the prior year period included one-time charges of $0.03 for a legal settlement and $0.01 for the Company�s previous credit agreement�s financing costs.
Gross margin improved year-over-year from 60% to 63% due to improved Electronic Gaming Machine (�EGM�) margins driven by higher average sales prices and value engineering on the new Equinox� cabinet.
Fiscal Year 2011 Financial Highlights
Revenue reached a Company record of $227.8 million, a year-over-year increase of approximately 13% or $26.5 million.
Year-to-date recurring revenue was up 12% year-over-year and totaled $105.8 million, or nearly half of total revenue.
Net debt (total debt, less cash and cash equivalents) was $17.1 million, the lowest since 2003, and $39.2 million lower than the end of fiscal year 2010.
Gross margin increased 100 basis points year-over-year to approximately 63% due to strong segment performance and positive foreign exchange impact.
GAAP net income and diluted EPS increased to $31.6 million and $0.57, respectively, compared to $23.1 million and $0.43 in fiscal year ended 2010.
Shuffle Master, Inc. is a leading global gaming supplier committed to making gaming more fun for players and more profitable for operators through product innovation, and superior quality and service. The Company operates in legalized gaming markets across the globe and provides state-of-the-art, value-add products in five distinct categories: Utility products, which include automatic card shufflers and roulette chip sorters; Proprietary Table Games, which includes live games, side bets and progressives; Electronic Table Systems, which include various e-Table game platforms; Electronic Gaming Machines, which include video slot machines; and newly introduced i-Gaming, which features online versions of Shuffle Master�s table games, social gaming, and mobile applications.
More about SHFL at www.shufflemaster.com
comScore, Inc. (NASDAQ:SCOR), a leader in measuring the digital world, reported holiday season retail e-commerce spending for the first 48 days of the November - December 2011 holiday season. For the holiday season-to-date, nearly $32 billion has been spent online, marking a 15-percent increase versus the corresponding days last year. The most recent week (week ending Dec. 18 ), led by four individual days surpassing $1 billion in sales, reached an all-time record of $6.3 billion in online retail spending, up 14 percent from the corresponding week last year. The final shopping weekend before Christmas reached $1.04 billion to rank as the second heaviest weekend of online spending on record.
comScore, Inc. provides a digital marketing intelligence platform. Its products and solutions offer customers insights into consumer behavior, including information regarding usage of their online properties and those of their competitors, coupled with information on consumer demographic characteristics, attitudes, lifestyles, and offline behavior.
Majestic Gold Corp. (MJGCF.PK)
Majestic Gold Corp. engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.
Gold is one of the most useful minerals on the planet. Gold is being used for many purposes. Since this element is ductile and malleable, it can be hammered in to a remarkably thin sheet or it can be drawn into wire. Other people mix gold with other elements in order to form shapes that can be used as an ornament or display. In some countries, gold symbolizes an accomplishment, beauty and power. Because of the rarity of this element, only those that have means in life have a possession of this element.
If we are going to search topics regarding this element on the Internet, we can find many results. We can use keywords such as cash for gold in Des Moines or any other place, sell gold, gold buyers in Des Moines, we buy gold, gold party in Des Moines, cash for gold in Iowa or any other state, sell gold Iowa, gold buyers in Iowa, we buy gold Iowa and gold party in Iowa. These keywords and other keywords such as the importance of gold, benefits of gold and many more topics will help us understand better the benefit that this element could give in our society. Many people buy gold and sell gold for their own personal reasons. Others are willing to pay the highest amount on the value of your gold reserve.
Majestic Gold Corp. (MJGCF.PK) has arranged a $10,000,000 loan to advance its Song Jiagou project in China. Nine million dollars ($9,000,000) from the proceeds from the loan will be used by the Company to in connection with its Song Jiagou project and the balance of one million dollars ($1,000,000) for general working capital purposes.
The loan will have a one year term and loan principal will be convertible at the option of the lender in whole or in part into common shares (”Shares”) of the Company until twelve months from the date of the loan advance at the price of $0.205 per Share. The loan will bear interest at the rate of 7.5% per annum, payable on maturity, and accrued and unpaid interest will be convertible at the option of the lender in whole or in part into shares of the Company until twelve months from the date of the loan advance at Market Price at the time of conversion.
The lender is at arm’s length from the Company and will not become an insider as a result of any conversion of principal and interest. All shares issued on any conversion of loan principal or interest will be subject to a four month hold period from the date of advance of loan proceeds. The loan is subject to acceptance by the TSX Venture Exchange.
As additional consideration for the loan, the Company has agreed to forward at least $9 million to Majestic Yantai Gold Ltd., a British Virgin Islands company owned 94% by the Company to be used to further advance its Song Jiagou project. The Borrower has also agreed to a 90 day period for reciprocal due diligence reviews and discussions for the possible further involvement of the Lender in the Song Jiagou project.
In the event that no further agreement is reached between the Lender and the Company during the 90 day period, then the loan and a minimum of seven (7) months interest will automatically convert to shares in the Company at a price of $0.205 per share and the interest at Market Price respectively. In addition the Company is pleased to announce that it has arranged a non-brokered private placement of up to 15,000,000 shares to be issued at the price of $0.20 per share for gross proceeds of $3,000,000.
For more information about company: www.majesticgold.net
Euronet Worldwide Inc. (NASDAQ:EEFT) and a global provider and distribution network of prepaid products, announced the launch of the first gift card mall program in Brazil in partnership with Grupo P�o de Ac�car (GPA), Brazil’s largest retailer. epay was chosen through a formal proposal process managed by GPA earlier this year. Phase one of the program encompasses six Extra hypermarkets in S�o Paulo and will be expanded to other flagship stores of GPA.
Euronet Worldwide, Inc. provides electronic payment services, and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers.
TeleTech Holdings Inc. (NASDAQ:TTEC), one of the largest global providers of transformational customer experience strategy, technology and business process outsourcing solutions, announced that Ken Tuchman, chairman and chief executive officer, exercised options to purchase 420,000 shares of TeleTech common stock at $11.83 per share for a total of $5.0 million. Mr. Tuchman currently intends to retain all 420,000 shares.
For nearly 30 years, TeleTech and its subsidiaries have helped the world’s most successful companies design, build, implement and manage superior customer experiences across the customer lifecycle in order to drive shareholder value.
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