Ascendant Solutions, Inc. Reports Second Quarter
2010 Earnings, Earnings per Share and EBITDA
August 11, 2010 05:59 PM Eastern Daylight Time
DALLAS--(EON: Enhanced Online News)--Ascendant Solutions, Inc. (Pink Sheets: ASDS) (“Ascendant” or the
“Company”) today announced its results for the second quarter of fiscal 2010. The Company reported consolidated
net income of $260,000 for the fiscal quarter ended June 30, 2010, compared to net loss of $55,000 in 2009,
resulting in net income per share (“EPS”) of $0.01 compared to net loss per share of less than ($0.01). Consolidated
net income for the six months ended June 30, 2010 was $655,000, compared to $148,000 for the six months ended
2009, resulting in net EPS of $0.03 compared to $0.01.
For the fiscal quarter ended June 30, 2010, the Company reported Consolidated Earnings before Interest, Taxes,
Depreciation and Amortization (“EBITDA”) of $476,000 compared to consolidated EBITDA of $59,000 in 2009.
EBITDA for the six months ended June 30, 2010, was $1,061,000 compared to $369,000 for the same period of
EBITDA is calculated as net income before deducting interest, taxes, depreciation and amortization and also does
not include discontinued operations. Although EBITDA is not a measure of actual cash flow because it does not
consider changes in assets and liabilities that may impact cash balances, the Company’s management reviews these
non-GAAP financial measures internally to evaluate the Company’s performance and manage the operations.
Additionally, the Company believes it is a useful metric to evaluate operating performance and has therefore included
such measures in the reporting of operating results.
The Company’s subsidiary, Dougherty’s Holdings, Inc. (“DHI”), which owns and operates Dougherty’s Pharmacy,
reported EBITDA of $344,000 for the fiscal quarter ended June 30, 2010, compared to $345,000 in 2009.
EBITDA for the six month period ending June 30, 2010 was $653,000 compared to $760,000 for the same period