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Rutter Releases 2009 Audited Financial Statements

^{Published on 2009-11-30 13:35:23 - Market Wire}
 

 SUMMARY OF RESULTS The Company's quarterly results are summarized in the tables below: ------------------------------------------------------------------------- (in thousands except per share amounts) ------------------------------------------------------------------------- Three Three Change Twelve Twelve Change Months Months Months Months 2009 2008 2009 2008 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Revenue $15,381 $11,791 $3,590 $58,380 $45,733 $12,647 ------------------------------------------------------------------------- EBITDA(1) 1,735 (1,915) 3,650 5,609 (1,986) 7,595 ------------------------------------------------------------------------- Other (costs) income(2) (1,424) (1,992) 568 (5,280) (7,143) 1,863 ------------------------------------------------------------------------- Earnings (loss) from Continuing Operations 310 (3,906) 4,216 329 (9,129) 9,458 ------------------------------------------------------------------------- Net loss - Discontinued Operations - (14,495) 14,495 1,991 (21,112) 23,103 ------------------------------------------------------------------------- Net earnings (loss) 310 (18,401) 18,711 2,320 (30,241) 32,561 ------------------------------------------------------------------------- Earnings (loss) Per Share $ 0.00 $ (0.24) $ 0.24 $ 0.03 $ (0.39) $ 0.42 ------------------------------------------------------------------------- ------------------------------ (1) EBITDA is identified in the Company(less than)s financial statements as "Earnings before undernoted items" and is more fully defined in the Company's financial statements and MD&A. (2) Other (costs) income include: Depreciation and amortization; Interest on long-term debt; Interest and bank charges; other items; Equity income; Write down of intangible assets and product development costs and Goodwill impairment, all of which are separately disclosed in the Company's financial statements. ------------------------------------------------------------------------- (in thousands) ------------------------------------------------------------------------- Three Three Change Twelve Twelve Change Months Months Months Months 2009 2008 2009 2008 ------------------------------------------------------------------------- Technologies ------------------------------------------------------------------------- ------------------------------------------------------------------------- Revenue: ------------------------------------------------------------------------- Third party manufactu- ring $11,795 $6,815 $4,980 $42,227 $24,386 $17,841 ------------------------------------------------------------------------- Company owned products 2,856 4,426 (1,570) 13,843 19,221 (5,378) ------------------------------------------------------------------------- Total revenue 14,651 11,241 3,410 56,070 43,607 12,463 ------------------------------------------------------------------------- EBITDA 2,044 (1,208) 3,252 7,067 218 6,849 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Other (including corporate costs) ------------------------------------------------------------------------- Revenue 730 550 180 2,310 2,126 184 ------------------------------------------------------------------------- EBITDA (309) (707) 398 (1,458) (2,204) 746 ------------------------------------------------------------------------- 

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