FirsTime Design Limited Announces First Quarter Results
April 15 2015 - 10:20PM
Business Wire
FIRSTIME DESIGN LIMITED (FTDL) today announced net sales for the
three months ended March 31, 2015 of $2,300,000 an increase of
12.1% compared to the same period last year. The Company reported
first quarter consolidated net income of $218,000 or $0.14 per
common share, an increase of 56.9%, as compared to net income of
$139,000 or $0.09 per common share for the same quarter last year.
FTDL ended the quarter with $2,303,000 of cash and cash equivalents
on the balance sheet.
Christopher D. Bering, President and Chief Executive Officer,
commented, “Our ability to curate and integrate new categories and
businesses, then test and rapidly scale them across our
multi-channel platform, is at the core of our ability to gain share
in the home furnishings marketplace. Our accelerated revenue and
net income growth in the quarter clearly demonstrates the earning
power of our business model, and our team’s drive to deliver
industry-leading results.”
Mr. Bering added, “The business momentum and strong trends we’re
experiencing gives us further confidence in the vision and path of
the organization. Looking forward, we remain focused on our value
driving strategies, which include the expansion of our product
offering, and the continued enhancement of our operating
infrastructure. I would like to thank all of our team members for
their commitment to our cause, and our partners and shareholders
for your continued support.”
About FirsTime Design Limited
FirsTime Design Limited, through its subsidiary, FirsTime
Manufactory, Inc., is an industry leading designer, marketer and
distributor of decorative timepieces, thermometers and other home
décor products sold at major-national retailers. More information
can be found at: www.firstimeonline.com or
http://www.otcmarkets.com/stock/FTDL/quote.
FirsTime Design LimitedJulie Kren, 262-364-5200 x101
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