platinum communications corp (PCS) Snapshot

Platinum Communications Corp. announced earnings results for the six months ended February 28, 2013. For the period, the company reported revenue of $3,922,054 compared to $3,251,524 a year ago. Earnings before interest, depreciation and amortization were $864,570 compared to $757,403 a year ago. Net income was $121,684 or $0.0022 per basic and diluted share compared to $157,578 or $0.0029 per basic and diluted share a year ago. Cash provided by operating activities was $826,682 compared to $391,673 a year ago. Return on equity was 4.8% compared to 6.4% a year ago. Revenues from operations increased 21% compared to the same six month period of fiscal 2012. The acquisition of two competitors in the previous year contributed 82% of this increase. Cash used to acquire property, plant and equipment and intangible assets was $226,266 in the first half of fiscal 2013, compared to $397,174 in the same period of fiscal 2012.

Platinum Communications Corp. announced that it has completed a term loan financing of $2,000,000 at 12% from a private lender.

Platinum Communications Corp. reported earnings results for the first quarter ended November 30, 2012. For the quarter, the company reported revenue of $1,960,781 compared to $1,612,238 a year ago. Earnings before interest, depreciation and amortization were $594,157 compared to $359,549 a year ago. Net income was $219,708 compared to $71,156 a year ago. Basic and diluted earnings per share were $0.0040 compared to $0.0013 a year ago. Cash provided by operating activities was $468,549 compared to $269,756 a year ago. Return on equity was 17.2% compared to 6.0% a year ago.