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Article: Access Integrated Technologies, Inc. Announces Fiscal 2008 Second Quarter Results.
- Article from:
- PR Newswire
- Article date:
- November 9, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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- Revenue Growth and Adjusted EBITDA Margin Increase Continues, Driven by Virtual Print Fees and Leveraging Customer Relationships -
MORRISTOWN, N.J., Nov. 9 /PRNewswire-FirstCall/ -- Access Integrated Technologies, Inc. ("AccessIT" or the "Company") reported a 95% increase in revenues, to a record $19.5 million for the fiscal 2008 second quarter ended September 30, 2007, versus the year-ago period. In the quarter, the Company posted an Adjusted EBITDA(1) (defined below) of $6.9 million or $0.27 per basic and diluted share, and a net loss of $9.3 million or $0.37 per basic and diluted share. The net loss includes non-cash expenses for depreciation, ...