SED International Holdings News Release
05 Mars 2015 - 7:39PM
Business Wire
Company Releases FY 2014 Annual
Report
Company Provides Interim Financial Update
for Six Months Ended 12/31/14
Company Provides Shareholder Update
SED International Holdings, Inc. (OTC: SEDN), a multinational
distributor of IT components and services, today is making the
following announcements:
NEW WEBSITE
SED is pleased to release its new and updated website that
reflects SED’s refined focus as an IT distributor and solutions
services provider. The Company’s new corporate website is
www.sedintl.com
FY 2014 ANNUAL REPORT RELEASE
SED has released its annual report for the Fiscal Year ended
June 30, 2014. The annual report is now available on the company’s
website, www.sedintl.com under the Company’s Investor Relations
page.
CHAIRMAN’S UPDATE TO
SHAREHOLDERS
SED’s latest update from its Chairman and CEO, Sham Gad, is also
available by visiting the Company’s Investor Relations page or
clicking here.
INTERIM FINANCIAL UPDATE FOR SIX MONTHS
ENDING DECEMBER 31, 2014
SED is also providing the additional financial update:
In light of the Company’s recent filing of its 2014 Annual
Report for the Fiscal Year ended June 30, 2014, SED has determined
that in 2015, the Company will convert to a calendar fiscal year.
As a result, the Company intends to issue an interim financial
statement in the coming months for the July 1, 2014 to December 31,
2014 six month period.
In the meantime, the Company is in a position to provide the
following preliminary financial update regarding the July to
December 2014 six month period:
For the six month period ended December 31, 2014, consolidated
revenues were approximately $69.5 million. Gross margin was $6.0
million, or 8.6% of sales, and the company incurred a net loss of
$0.9 million. As of December 31, 2014, shareholders’ equity was a
deficit of $6.8 million, compared with a deficit of $5.9 million at
June 30, 2014.
The Company continues to proactively work to restructure its
legacy liabilities, which approximated $17.5 million as of December
31, 2014 of which over $12 million have been settled or subject to
settlement agreements at discounts to face value.
SED anticipates that it will resume filing of quarterly
financial reports in 2015, with the quarterly results for period
ending March 31, 2015 in June. The Company expects that subsequent
quarterly filings will be made in a timely fashion, but can make no
assurances at this time.
SED International Holdings, Inc.Rita McDaniel,
678-878-2626ir@sedintl.com
SED (CE) (USOTC:SEDN)
Graphique Historique de l'Action
De Fév 2025 à Mar 2025
SED (CE) (USOTC:SEDN)
Graphique Historique de l'Action
De Mar 2024 à Mar 2025
