ARC International plc Announces Unaudited Preliminary Results For the Year Ended December 31, 2008

The net cash outflow from operations before restructuring costs decreased to £4.8 million (2007: £5.1 million). Capital expenditure, including payments made for acquisitions and investments in associate, was £4.6 million (2007: £8.1 million). Net cash outflow in connection with the reorganisation was £1.6 million, including the share repurchases. The movement in cash and short-term investments during the year was an outflow of £8.5 million (2007: £10.4 million). Net assets at December 31, 2008 were £21.5 million (December 31, 2007: £30.3 million), including cash and short-term investments of £12.7 million (December 31, 2007: £21.2 million).

Dividend

No interim dividend payment will be made for the year ended December 31, 2008 (2007: £Nil).

Acquisitions

During the period ARC acquired Sonic Focus, Inc for a total consideration of £2.8 million. See note 7 for details.

Consolidated income statement          
For the year ended December 31, 2008
 
2008 2008 2008 2007
Before
Restructuring Restructuring Total
(unaudited) (unaudited) (unaudited) (audited)
    Note   £ '000   £ '000   £ '000   £ '000
Revenue 17,047 - 17,047 14,401
Cost of sales       (1,294 )   -     (1,294 )   (1,437 )
Gross profit 15,753 - 15,753 12,964
Operating expenses   3   (22,791 )   (2,273 )   (25,064 )   (18,305 )
Operating loss (7,038 ) (2,273 ) (9,311 ) (5,341 )
Finance income 897 - 897 1,470
Finance expense (14 ) - (14 ) -
Share of post-tax loss of associate       (8 )   -     (8 )   (22 )
Loss before income tax (6,163 ) (2,273 ) (8,436 ) (3,893 )
Tax credit       1,135     -     1,135     1,389  
Loss for the period attributable to equity shareholders       (5,028 )   (2,273 )   (7,301 )   (2,504 )
Weighted average number of shares 147,965,359 148,031,270
Basic and diluted loss per share -pence (4.93 ) (1.69 )

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16  Next Page »



Review Article Be the first to review this article
Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Qualcomm’s Lu Dai: Energetic leadership for Accellera
More Editorial  
Jobs
Development Engineer-WEB SKILLS +++ for EDA Careers at North Valley, CA
Sr. Staff Design SSD ASIC Engineer for Toshiba America Electronic Components. Inc. at San Jose, CA
Technical Marketing Manager Valley for EDA Careers at San Jose, CA
Technical Support Engineer for EDA Careers at Freemont, CA
SOC Logic Design Engineer for Global Foundaries at Santa Clara, CA
FAE FIELD APPLICATIONS SAN DIEGO for EDA Careers at San Diego, CA
Upcoming Events
IoT Summit 2017 at Great America ballroom, Santa Clara Convention Center Santa Clara CA - Mar 16 - 17, 2017
SNUG Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Mar 22 - 23, 2017
CDNLive Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Apr 11 - 12, 2017
10th Anniversary of Cyber-Physical Systems Week at Pittsburgh, PA, USA PA - Apr 18 - 21, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy