jagged peak inc (JGPK) Key Developments
Jagged Peak, Inc. Completes Term Loan and Amended Senior Credit Facility
Sep 8 14
Jagged Peak, Inc. announced that it has entered into a $2 million term loan with Fifth Third Bank. In addition, Jagged Peak amended its $5 million senior credit facility with Fifth Third Bank to extend its maturity from August 2015 to September 2016. The term loan provides for $2 million at an interest rate of LIBOR plus 2.5%. The term loan matures in September 2018. The senior credit facility provides a revolving line of credit with a maturity of two years and a maximum borrowing capacity of $5 million.
Jagged Peak, Inc. Reports Earnings Results for the Six Months Ended June 27, 2014
Aug 25 14
Jagged Peak, Inc. reported earnings results for the six months ended June 27, 2014. Revenue for the six months ended June 27, 2014 was $27.71 million, compared to $21.07 million for the same period ended June 28, 2013. Net loss per share was $0.02 compared to net income per share of $0.02 a year ago.
Jagged Peak, Inc. Announces Financial Results for the Second Quarter and Six Months Ended June 27, 2014
Aug 11 14
Jagged Peak, Inc. announced financial results for the second quarter and six months ended June 27, 2014. Total revenue for the thirteen-week period increased 27% to $13.6 million compared to the same period last year. The company realized a net loss of $367,400 for the thirteen-week period ended June 27, 2014, compared with net income of $224,500 for the thirteen-week period ended June 28, 2013. Basic loss per share from operations for the thirteen-week period ended June 27, 2014 was $0.02 per weighted average share, compared with basic income of $0.01 per weighted average share for the thirteen-week period ended June 28, 2013.
For the six months, the company reported net loss of $307,000 against net income of $322,800 a year ago. Adjusted EBITDA was $181,700 against $974,400 a year ago.
Jagged Peak Inc. Partners with Group FMG/Pod1 to Expand Capabilities in Europe and North America
Jun 11 14
Jagged Peak, Inc. announced that it has entered into a partnership with Group FMG and Pod1 to provide eCommerce solution implementation and strategic services. This includes collaboration with Jagged Peak's Professional Services organization and eServices team on client strategy, UX/web design, site development and implementation, creative, content and ongoing eMarketing support. Group FMG/Pod1 will be an SI for Jagged Peak's EDGE eCommerce platform, which is a cloud-based, enterprise-scale platform that offers real-time order visibility throughout the entire order life cycle across multiple business units, distribution channels and trading partners. This capability enables merchants to offer a 'buy anywhere, fulfill anywhere, return anywhere' omnichannel experience to their customers. On the front end, EDGE enables clients to deploy world-class eCommerce web and mobile stores with advanced features that deliver higher conversion, average order value and repurchase frequency. On the back end, EDGE is a powerful omnichannel order management system that aggregates orders from multiple sources for distribution in real time to one or multiple fulfillment locations, including retail stores, drop shippers, 3PLs and the client's own warehouses.
Jagged Peak, Inc. Reports Earnings Results for the First Quarter Ended March 28, 2014
May 30 14
Jagged Peak, Inc. reported earnings results for the first quarter ended March 28, 2014. Income from operations for the first quarter ended March 28, 2014 was $258,900, compared to $263,900 for the same quarter ended March 29, 2013.