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UMeWorld (UMEW) Q1 FY13 earnings results (first quarter fiscal 2013)
10-Q filed Feb 22, 2013
UMeWorld (UMEW) reported revenue of $370K for the first quarter fiscal 2013 (Q1 FY13), +938% from a year earlier. Operating margin was 73.9%, net earnings $249K (67.3% of revenue).
UMeWorld, Q1 FY13: revenue $370K (+938% year over year), operating margin 73.9%, net earnings $249K, operating cash flow $113K. The chart follows the revenue to costs, profit and cash.
| Q1 FY13 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $370K | — | +938% |
| Operating profit | $274K | — | — |
| Net earnings | $249K | — | — |
| Operating cash flow | $113K | — | 17× |
What changed
Revenue was $370K in Q1 FY13, up 938% year over year.
Operating profit was $274K, a 73.9% margin (up 228.4 points year over year). Total costs grew 7% against revenue growth of 938%. Net earnings were $249K. The effective tax rate was 0.0%.
Operating cash flow was $113K (up 1580% year over year), 45% of net earnings. Working capital and other items used $140K.
Questions
What was UMeWorld's revenue in the first quarter fiscal 2013?
UMeWorld (UMEW) reported revenue of $370K for the first quarter fiscal 2013 (Q1 FY13), +938% from a year earlier.
Was UMeWorld profitable in the first quarter fiscal 2013?
Operating profit was $274K (73.9% of revenue) and net earnings $249K.
Source: UMeWorld 10-Q on SEC EDGAR.