TigerLogic Corp. (NASDAQ:TIGR) Declares Q4 & Fiscal Year 2013 Outcomes

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Dallas, Texas 07/22/2013 (Financialstrend) – TigerLogic Corp. (NASDAQ:TIGR)  has declared financial outcomes for the fourth quarterly period and fiscal completed on March 31, 2013.

Net income of the company for the 4th quarterly period of financial 2013 stood at $3.2 million and for the complete financial year 2013 remained at $12.8 million, as against $3.3 million and $13.3 million posted during the same period of last financial.

Net loss for the 4th quarterly period ended March 31, 2013 remained at $1.3 million as against a net loss of $0.9 million during the corresponding term of the last financial year.

Net loss for the financial completed on March 31, 2013 stood at $2.9 million as against a net loss of $3.5 million in the last financial.

The company registered a net loss per share of $0.04 for the quarter completed March 31, 2013.

The firm’s cash balance stood at $6.5 million during March 31 this year as against $8.9 million during March 31 last year.

The company’s Adjusted EBITDA, other income (expense)-net, and non-cash stock-based compensation expense (“Adjusted EBITDA”) for the period under review and financial year ended March 31, 2013 remained at negative $0.9 million and negative $1.7 million, or (27.9 per cent) and (13.1 per cent) of net income, respectively, as against negative $0.6 million and negative $1.9 million, or (19.7 per cent) and (14.6 per cent) of net income, respectively, for the identical phases in the past financial year.

The enhancement in adjusted earnings before interest, taxes, depreciation, and amortization on a year-over-year basis was mainly the outcome of lower operating expenditures as the preceding year comprised advanced sales and marketing, and investigation and growth expenses connected to the introduction of TigerLogic’s Postano produce, counterbalance by a decline in income.

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