BarterNews Logo

949-831-0607

E-mail: bmeyer@barternews.com
 

Bob Meyer
 

Beyond The Limits Of Cash or Credit

Platinum Sponsors:
 

IMS Barter Logo


Fast Start Programs

Mentor Capital
 

HOME

Sponsors Menu




 
Google
Web www.barternews.com

05/08/2012

IMS Reports Good First Quarter For 2012

International Monetary Systems (ITNM.OB) has filed its first quarter report on Form 10-Q. During the quarter ended March 31, 2012, International Monetary Systems generated revenues of $3,266,779, an increase of $287,934 or 9.7%, compared to the first quarter of 2011. This is the result of a 9.5% increase in transactions processed, attributable in part to their 2011 acquisitions.

Operating expenses in the quarter were $3,254,606, an increase of $53,426 or 1.7%, compared to the first quarter of 2011. This increase is primarily due to increased employee costs, including staff costs in offices acquired in 2011, higher variable compensation tied to higher revenue, and expansion of the tele-selling staff.

Don Mardak, IMS� Chairman of the Board, stated, �Historically, the first quarter is the slowest quarter of our year. In those three months however, IMS showed a nice year-to-year increase in trading activity and the resulting net revenue. The company also had a small profit from operations. This compares to operating losses for the same period in most recent years. We believe this result is a good indicator for the balance of 2012.�

Operations

Revenue increased 9.7% in the first quarter of 2012, compared to the first quarter of 2011.

Cash provided by operations was $149,307 in the first three months of 2012, compared to cash provided by operations of $94,832 for the same period in 2011.

Return to Shareholders

During the first quarter of 2012, 346,804 shares of the company�s stock have been repurchased under their stock buyback plan and stock buyback guarantees.

Current Quarter

The company generated operating income of $12,173 for the first quarter, compared to an operating loss of $(222,336) in the first quarter of 2011. After adjusting for interest and income taxes, the net loss for the quarter narrowed from $(184,555) in the first quarter of 2011 to $(44,883) in the first quarter of 2012. Interest expense has increased as the company services the increased debt load taken on strategically to fund the stock buyback program expanded in 2011.

For more information click here.


Receive many articles via e-mail regarding the Barter World!

:
:

New every week!
The Tuesday Report - a weekly commentary on the barter world. If you wish to receive a summary of The Tuesday Report via e-mail every Tuesday, enter your name and e-mail address and click the Get More Info! Button