Collectors Universe Reports Third Quarter Financial Results
Collectors Universe, Inc. (Nasdaq: CLCT), recently announced their third fiscal quarter financial results for 2008. In year to date comparisons, their revenue totals increased by 6% over the same period of the prior year — $31.7 million for the nine months ended March 31, 2008, compared to $29.8 million.
At March 31, 2008, the Collectors Universe had working capital of $32.7 million and no long-term debt.
Collectors Universe reported net revenues of $10.9 million for the quarter and a loss from continuing operations of $966,000, or $0.11 per diluted share compared to net revenues of $11.1 million and a loss from continuing operations of $68,000 or $0.01 per diluted share for third fiscal quarter in 2007.
While there are many numbers to digest within the financial results, an interesting aspect was the Company reporting of lower coin trade show revenues of approximately $950,000.
