IMS Unveils Third-Quarter Report
Systems (ITNM), a worldwide leader in business-to-business barter
services, has recently filed its third quarter report on Form 10-Q (www.imsbarter.com/investor-relations).
The following highlights are from that report.
Revenue & operations:
4.2% in the first three quarters of 2012, compared to the same
period in 2011.
operations increased to $334,730 in the first three quarters of
2012, compared to an operating income of $149,378 in the first
three quarters of 2011.
IMS has completed
the sale of two franchise-territories during the year, with a
third sale to be completed in the fourth quarter. (These
transactions are not expected to materially affect the results
of operations for the next twelve months.)
During the nine
months ended September 30, 2012, the company repurchased 815,668
shares of its stock under the stock buyback plan and stock
The company retired
624,385 shares of treasury stock, during the nine months ended
September 30, 2012.
During the third
quarter of 2012, IMS generated revenues of $3,256,392, an
increase of $51,606 or 1.6%, compared to the third quarter of
for the quarter were $3,134,982, an increase of $119,498 or
3.9%, compared to the previous year�s third quarter. This
increase is primarily due to higher employee costs (including
staff costs in offices acquired in 2011), higher variable
compensation tied to higher revenue, and expansion of the
company�s tele-selling staff.
operating income of $121,410 for the third quarter, compared to
$189,302 in 2011. After adjusting for interest and income taxes,
the net income for the quarter was $25,256, compared to net
income of $105,490 in the third quarter of 2011. (Interest
expense has increased as the company services the increased debt
load, taken on strategically to fund the stock buyback program
expanded in 2011.)