Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Today's Top SOA Links


Calloway's Nursery Announces Results For Third Quarter Ended September 30, 2012

FORT WORTH, Texas, Nov. 14, 2012 /PRNewswire/ -- Calloway's Nursery, Inc. (PK:CLWY) today reported revenues and operating results for the third quarter ended September 30, 2012.

Results for the Third Quarter

  • Revenue was $6.3 million for 2012, compared to revenue of $5.9 million for 2011. Same-store revenue (18 stores) was $6.3 million for 2012, compared to same-store revenue of $5.7 million for 2011.
  • Net loss was $1.1 million for 2012, compared to net loss of $1.1 million for 2011.
  • Diluted net loss per common share was $.13 for 2012, compared to diluted net loss per common share of $.15 for 2011.
  • The 2012 period included a $368,000 (net of income tax effect) impairment charge on assets held for sale ($.05 per share).

Results for the Nine Months

  • Revenue was $36.1 million for 2012, compared to revenue of $37.0 million for 2011. Same-store revenue (18 stores) was $35.2 million for 2012, compared to same-store revenue of $35.8 million for 2011.
  • Net income was $1.0 million for 2012, compared to net income of $1.2 million for 2011.
  • Diluted net income per common share was $.13 for 2012, compared to diluted net income per common share of $.16 for 2011.
  • The 2012 period included a $368,000 (net of income tax effect) impairment charge on assets held for sale ($.05 per share).

Founded in 1986, Calloway's Nursery, Inc. is an 18-store garden center chain serving the Dallas - Fort Worth (as Calloway's Nursery) and Houston (as Cornelius Nursery) markets. The company strives to make gardening fun, easy and successful for customers by offering expert advice from Texas Certified Nursery Professionals; store environments that are educational and easy to shop; weekly gardening clinics that serve both novice and expert gardeners; displays and instructions to aid gardeners with design and color development in their yards; and a product selection of the best plant varieties available.

 

 

CALLOWAY'S NURSERY, INC.

CONDENSED CONSOLIDATED INCOME STATEMENTS (UNAUDITED)

(Amounts in thousands, except per share amounts)



Three-Months Ended


Nine-Months Ended


September 30,


September 30,


2012


2011


2012


2011









Net revenue

$6,338


$5,860


$36,104


$37,007

Cost of goods sold

3,477


3,416


18,602


19,260

Gross profit

2,861


2,444


17,502


17,747









Operating expenses

2,666


2,807


10,843


11,256

Advertising expenses

85


115


990


927

Occupancy expenses

821


856


2,521


2,559

Depreciation and amortization

136


148


397


445

Net interest expense

190


200


585


606

Impairment of property held for sale

558


--


558


--

Total expenses

4,456


4,126


15,894


15,793

Income (loss) before provision for income taxes

(1,595)


(1,682)


1,608


1,954

Income tax expense (benefit)

(536)


(533)


594


716

Net income (loss)

($1,059)


($1,149)


$ 1,014


$ 1,238


Weighted average number of common shares outstanding – basic and diluted

8,181


7,886


8,097


7,769









Net income (loss) per common share - basic and diluted

($0.13)


($0.15)


$0.13


$0.16

 

 

CALLOWAY'S NURSERY, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(Amounts in thousands)


ASSETS


September 30,


September 30,


2012


2011

Cash and cash equivalents

$ 3,602


$ 2,531

Accounts receivable

378


243

Inventories

3,947


3,690

Prepaids and other assets

121


21

Deferred income taxes

87


547

Property held for sale

1,508


--

      Total current assets

9,643


7,032

Property and equipment, net

14,635


17,090

Deferred income taxes

247


--

Other assets

214


299

      Total assets

$24,739


$24,421


LIABILITIES AND SHAREHOLDERS' EQUITY

Accounts payable and accrued expenses

$5,927


$6,126

Current portion of long-term debt

852


801

      Total current liabilities

6,779


6,927

Long-term debt, net of current portion

10,403


11,202

Deferred income taxes

--


51

Deferred rent payable

13


4

      Total liabilities

17,195


18,184

Shareholders' equity:




   Common stock

85


82

   Additional paid-in capital

10,951


10,718

   Accumulated deficit

(2,084)


(3,155)


8,952


7,645

   Less: Treasury stock, at cost

(1,408)


(1,408)

      Total shareholders' equity

7,544


6,237

      Total liabilities and shareholders' equity

$24,739


$24,421

 

 

CALLOWAY'S NURSERY, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(Amounts in thousands)



Nine-Months Ended


September 30,


2012


2011

Cash flows from operating activities:




   Net income

$1,014


$1,238

Adjustments to reconcile net income to net cash provided by operating activities:




Depreciation and amortization

397


445

Deferred income taxes

--


--

Impairment of property held for sale

558


--

Net change in operating assets and liabilities

(1,326)


(1,254)

Net cash provided by operating activities

643


429

Cash flows from investing activities:




Additions to property and equipment

(85)


(30)

Net cash (used for) investing activities

(85)


(30)

Cash flows from financing activities:




Repayments of debt

(604)


(568)

Proceeds from issuance of common stock

184


235

Net cash (used for) financing activities

(420)


(333)

Net increase in cash and cash equivalents

138


66

Cash and cash equivalents at beginning of period

3,464


2,465

Cash and cash equivalents at end of period

$ 3,602


$ 2,531

 

SOURCE Calloway's Nursery, Inc.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Web 2.0 Latest News
If you listen to the persistent murmur in the market surrounding the Internet of Things right now, you'd believe that it's all about sensors. Sensors and big data. Sensors that monitor everything from entertainment habits to health status to more mundane environmental data about your h...
I've been writing recently about the dimensions of Big Data in the IoT: urgency, importance, frequency, consequences, remedy, cost. You can find my stories on IoT Journal or at my personal website. The big item missing from this list is, of course, size. How big are individual messa...
Of course, IoT is in the midst of a major hype cycle, so there’s a lot of industry buzz about IoT, along with a thousand interpretations of the term. As IT prognosticator Jason Bloomberg points out in a recent post, “the IoT explosion is rather curious if you think about it, as the Int...
We are formally announcing the IoT Project Framework at @ThingsExpo Nov 4-6 in Santa Clara, CA. it will feature four overriding goals for the IoT in the year 2040: 1. To reduce poverty & disease 2. To eliminate violence as a way of settling disputes 3. To spur beneficial economic ...
With Octoblu emerging from stealth mode, it seemed like a good idea to talk to a couple of key people there. We were able to do just that with company co-founders Geir Ramleth and Chris Matthieu. Geir Ramleth serves as CEO. He was named to CIO Magazine's Hall of Fame in 2008, and ser...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE