jagged peak inc (JGPK) Key Developments
Jagged Peak, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 27, 2013
Nov 8 13
Jagged Peak, Inc. reported earnings results for the third quarter and nine months ended September 27, 2013. For the quarter, the company’s revenues increased $2,602,100, or 30%, to $11,319,900 as compared to $8,717,800 for period ended September 28, 2012. Greater e-commerce order volume on client sites resulted in increases in both technology and fulfillment service revenues. The company realized a profit from continuing operations before provision for income taxes of $458,300 as compared to $417,300 for the period ended September 28, 2012, an increase of 10%. The company realized net income of $279,300 compared with net income of $254,200 for the period ended September 28, 2012, an increase of 10%. Basic income per share from continuing operations was $0.02 per weighted average share, compared with basic income of $0.02 per weighted average share for the period ended September 28, 2012.
For the nine months, the company reported adjusted EBITDA was approximately $1,665,200 compared to approximately $1,376,500 for the period ended September 28, 2012. The increase in the Adjusted EBITDA primarily relates to the increase in sales, improved operating margins from improved management of fulfillment operations, implementation of clients' e-commerce sites and lower borrowing costs. Net income as reported was $602,100 compared to $415,500 for the last year.
Jagged Peak, Inc. Announces New Release of EDGE eCommerce Platform Which Includes Omnichannel Analytics Engine
Nov 7 13
Jagged Peak, Inc. has announced a new release of EDGE eCommerce platform which includes omnichannel analytics engine. EDGE eCommerce platform includes a groundbreaking channel analytics engine that gives retailers the actionable business intelligence they need to succeed in omnichannel environment. EDGE Channel Analytics is a built-in module that provides a 360-degree, multi-channel view of the merchant's order activities, including orders entered through Web stores, retail stores/customer service portals, marketplaces and any other channels the merchant may use. Inside the EDGE Channel Analytics module, users can instantly create custom dashboards to view data to make it extremely relevant to their role and gain cross-channel behavioral insights that can be used to build strategies and very targeted marketing initiatives. Reports can be created on demand with select analytics to distribute daily, weekly monthly or on any other schedule that provides timely and actionable business intelligence insights. And, finally, a goals feature enables users to set-up and track progress of ads, campaigns and conversion paths across all channels, pinpointing the most successful to ensure marketing dollars are put toward supporting company objectives. With complete "buy anywhere, fulfill anywhere, return anywhere" capabilities, the EDGE eCommerce platform offers users robust native functionality to deploy and manage front-end websites and all of the back-office operations associated with omnichannel commerce. EDGE is a fully web-based, enterprise-class eCommerce Platform (ECP) and distributed Order Management System (OMS) that provides real-time order visibility throughout the entire order life cycle across multiple business units, distribution channels and trading partners. 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. Announces Amended and Restated Senior Credit Facility
Aug 27 13
Jagged Peak, Inc. announced that it amended and restated its two-year senior credit facility with Fifth Third Bank to increase borrowing capacity for working capital. The facility provides a revolving line of credit with a maturity of two years and a maximum borrowing capacity of $5 million. The pricing and covenants were not changed in connection with this amendment. Borrowing capacity increased to $5 million from $3 million. Maturity extended to August 2015.
Jagged Peak, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 28, 2013
Aug 9 13
Jagged Peak, Inc. reported earnings results for the second quarter and six months ended June 28, 2013. For the quarter, the company reported revenues were increased $2,367,500 or 28% to $10,716,600 compared to $8,349,100 for the 13-week period ended June 29, 2012. Profit from continuing operations before provision for income taxes of $376,800 compared to $240,700 for the 13-week period ended June 29, 2012. Net income was $224,500 compared with $108,500 for the 13-week period ended June 29, 2012. Basic income per share from continuing operations was $0.01 per weighted average share, compared with basic income of $0.01 per weighted average share for the 13-week period ended June 29, 2012.
For the six months, the company reported adjusted EBITDA was approximately $974,400 compared to approximately $770,800 for the 26-week period ended June 29, 2012. The increase in the Adjusted EBITDA primarily relates to the increase in sales, improved operating margins from improved management of fulfillment operations, implementation of clients' e-commerce sites and lower borrowing costs. These improvements were partially offset by higher salaries and wages. Net income was $322,800 against $161,300 a year ago.
Jagged Peak Deleted From OTCBB
Jul 18 13
Jagged Peak, Inc.’s common stock will be deleted from OTC Bulletin Board effective July 18, 2013 on account of ineligibility for quotation on OTCBB due to quoting inactivity under SEC Rule 15c2-11.