Filing Flows › UMeWorld (UMEW) › Q3 FY12
UMeWorld (UMEW) Q3 FY12 earnings results (third quarter fiscal 2012)
10-Q filed Aug 13, 2012
UMeWorld (UMEW) reported revenue of $37K for the third quarter fiscal 2012 (Q3 FY12), +16% from a year earlier and -82% from the quarter before. Operating margin was -21.2%, net loss $31K (84.9% of revenue).
UMeWorld, Q3 FY12: revenue $37K (+16% year over year), operating margin -21.2%, net loss $31K, operating cash flow $19K. The chart follows the revenue to costs, profit and cash.
| Q3 FY12 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $37K | -82% | +16% |
| Operating profit | −$8K | -108% | — |
| Net earnings | −$31K | -123% | — |
| Operating cash flow | $19K | -44% | +3% |
What changed
Revenue was $37K in Q3 FY12, up 16% year over year and down 82% from the previous quarter.
Operating costs exceeded revenue by $8K, an operating margin of -21.2%. Total costs fell 59% while revenue rose 16%. The quarter ended with a net loss of $31K, after a profit of $87K the previous quarter. Minority interests bore $4K of it: to shareholders the quarter was a loss of $28K. Net interest and other expense of $24K was the main reason.
Operating cash flow was $19K (up 3% year over year). Non-cash charges added back $1K of depreciation and amortization. Working capital and other items added $50K.
Questions
What was UMeWorld's revenue in the third quarter fiscal 2012?
UMeWorld (UMEW) reported revenue of $37K for the third quarter fiscal 2012 (Q3 FY12), +16% from a year earlier and -82% from the quarter before.
Was UMeWorld profitable in the third quarter fiscal 2012?
Operating loss was $8K (-21.2% of revenue) and net loss $31K.
Source: UMeWorld 10-Q on SEC EDGAR.