FNDS3000 Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended May 31, 2012
FNDS3000 Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended May 31, 2012. For the quarter, the company's revenue was $873,018, an increase of $177,718 from $695,300 for the third quarter of fiscal 2011. The company reported loss from operations of $533,916 and loss from operations before income taxes of $548,698 compared to loss from operations of $565,784 and loss from operations before income taxes of $572,214 reported a year ago. Net loss was $548,698 or $0.01 per basic and diluted share compared to $572,214 or $0.01 per basic and diluted share for the same period in the prior year.
For the nine months, revenue was $2,531,151, an increase of $925,221 or 57.6% from $1,605,930 for the nine months ended May 31, 2011. The net loss was $1,644,402 or $0.02 per basic and diluted share, a decrease of $771,840 or 31.9% from $2,416,262 or $0.03 per basic and diluted share for the same period in the prior year. The company reported loss from operations of $1,635,524 and loss from operations before income taxes of $1,644,402 compared to loss from operations of $2,414,654 and loss from operations before income taxes of $2,416,262 reported a year ago.