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Bema Gold Reports Significant Increase in Gold Revenue in Third Quarter
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- ScanSoft, Inc. ( SSFT), a global leader of speech and imaging solutions, month fiscal year ended September 30, 2004. ScanSoft reported third quarter 2004 revenue of $42.3 million, a 29 percent increase over third quarter 2003 revenue of $32.9 million. On a GAAP basis, ScanSoft recognized a third quarter 2004 net loss of $5.9 million, or $0.06 per basic share, compared with a net loss of $3.7 million, or $0.04 per basic share, in the third quarter of 2003.
Credit Union (AXcess News) Vancouver BC - Bema Gold Corporation (AMEX: BGO) reported a21% increase in gold revenue in the third quarter, having sold62,753 ounces at an average realized price of$432 per ounce. Even though gold sales for the period were up, Bema reported a loss of $24.9 million or $0.062 per share for the third quarter of 2005.
Third Quarter Results ScanSoft's total revenues for the third quarter of 2000 increased 66% to $13.6 million, compared to revenues of $8.2 million in the same period of 1999. Year over year revenue growth for the third quarter resulted from the benefits of the broader product portfolio associated with the Caere acquisition in ScanSoft's North American and European channels. ScanSoft reported a net loss of $0.3 million, or $0.01 per share compared to net income of $1.1 million or $0.04 per share on a diluted basis, for the third quarter of 1999, before amortization of intangible assets. Including the effect of this item, ScanSoft reported a net loss of $7.1 million, or $0.15 per share, compared to net income of $0.5 million, or $0.01 per share on a diluted basis, for the third quarter of 1999.
Merchant Credit Guide Co The reported loss for the third quarter included an unrealized derivative loss for the period of $10.9 million resulting from the mark-to-market adjustment on the Company's non-hedge derivative financial instruments relating mainly to the contingent gold forward contracts assigned to the Petrex Mines. Also contributing to the loss was $3 million of Refugio Mine re-start costs, which are expensed prior to and during the scheduled recommencement of mine operations. Adjusting for the Refugio Mine re-start costs and the unrealized derivative loss resulted in a loss for theperiod of $10.9 million or $0.027 per share. That compared to a los of $21 million in the same period last year.
- Earnings before interest, taxes, depreciation and amortization ("EBITDA") year 2006 increased 15% to $176 million from $153 million in 2005. EBITDA for fourth quarter 2006 was $42.3 million, an increase of 10% compared to $38.5 million reported for the same period in 2005.
- Franchising revenues and total revenues increased 14% year 2006.
Operating income for fourth quarter 2006 increased 10% to $39.9 million compared to $36.2 million reported for the same period in 2005.
Apply Online For Credit Card For the first nine months of 2005, the Company reported a loss of $52 million ($0.130 per share) on revenue of $71 million compared with a loss of $35 million ($0.097 per share) on revenue of $65.7 million during the same period last year. The loss for the first nine months of 2005 included $14.1 million of unrealized derivative losses, $10.3 million of Refugio Mine re-start costs, and a $3 million write-down of the carrying value of the Company's net smelter royalty interest in the Lo Increible property in Venezuela during the first quarter of 2005.
ScanSoft reported second quarter 2003 revenue of $27.7 million, a six percent increase over second quarter 2002 revenue of $26.2 million. related intangible assets and restructuring and other charges was $1.3 million, or $0.02 per diluted share, compared with $4.2 million, or $0.05 per diluted share, for the second quarter of 2002. related intangible assets and restructuring and other charges, ScanSoft reported a second quarter 2003 net loss of $2.6 million, or $0.04 per share, compared with second quarter 2002 net income of $1.9 million, or $0.03 per diluted share.
By Card Credit Debt Debt Guide In the third quarter of 2004, gold revenue totaled $24.9 million on sales of 63,223 ounces at an average realized price of $393 per ounce.
For the nine months ended September 30, 2005, the average price realized was $422 per ounce on revenue of $71 million from 168,049 ounces sold compared to an average price of $392 per ounce on revenue of $65.7 million from 167,251 ounces sold during the first nine months of 2004.
"As we expected, the company's revenue for the third quarter of 1999 decreased from the revenue reported for the second quarter of 1999, due in part to seasonal sales trends that have historically affected our third quarter results. In addition, while the scanner market is still growing, a slower rate of growth in scanner sales over the past few months impacted our revenue for the third quarter of 1999 beyond normal seasonal issues, " said Michael Tivnan, ScanSoft's president and chief executive officer. "Accordingly, we made adjustments in our operations to limit expenditures in the third quarter. Also, our ongoing efforts to improve productivity within the company yielded increased efficiencies within our direct and retail marketing programs, resulting in the second most profitable quarter in the company's history."
Credit Repair Shares of Bema Gold were down 3 cents, or 1.1 percent, at $2.63 at the close Monday.
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