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SGOCO Group, Ltd. (SGTWF) RSS Feed

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11/21/13
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November 20, 2013 – SGOCO Group, Ltd. (Nasdaq: SGOC) (“SGOCO” or the “Company”), a company focused on product design, distribution and brand development in the flat-panel display market, today announced its unaudited financial results for the third quarter ended September 30, 2013. Third Quarter 2013 Comparisons with Third Quarter 2012 - Financial Highlights · Total revenue increased 65.0% year-over-year to $43.0 million · Gross profit increased 268.2% year-over-year to $3.5 million, with gross margin at 8.1% as compared to 3.6% · Operating income increased to $2.4 million as compared to operating loss of $0.8 million, with operating margin at 5.7% as compared to negative 2.9% · Net income increased to $2.2 million as compared to net loss of $1.1 million, with net margin at 5.0% as compared to negative 4.2%
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