Gruss E.
Image Entertainment Reports 51% Revenue Growth to $34.4 Million for Fiscal Third Quarter 2005; Revenue Increased 54% to $89.5 Million for First Nine Months of Fiscal 2005 Fiscal Third Quarter Net Earnings Increased to $1,955,000 or $0.10 Per Share Ve
CHATSWORTH, Calif., Feb 10, 2005 (BUSINESS WIRE) -- Image Entertainment, Inc. (Nasdaq: DISK), a leading independent licensee, producer and distributor of home entertainment programming in North America, today reported financial results for its fiscal third quarter 2005 and nine months ended December 31, 2004. The financial results below exclude that of Image's wholly owned subsidiary, DVDPlanet, Inc., which sold its assets in September 2003 and was dissolved in December 2004, and reflect only the continuing operations of the Company. DVDPlanet's financial results are reflected as discontinued operations for all periods reported.
Fiscal Third Quarter Financial Highlights
-- Q3 2005 net revenues from continuing operations increased to
$34.4 million, up 51% from Q3 2004.
-- Q3 2005 domestic net revenues increased to $33.1 million, up
55.6% from Q3 2004.
-- Q3 2005 gross margins, net of amortization of production
costs, increased to 25.3%, up from 19.9% from Q3 2004.
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