Analysts International Reports Results for 2006
27 February 2007
7,050 --------- ---------- --------- ---------
Total special charges 3 34 (378) 14,918 --------- ---------- --------- ---------
(Loss) income before special charges (531) 1,000 (1,438) (2,781)
Depreciation 602 679 2,411 2,763 Amortization 267 253 1,053 982 Net interest expense (income) 145 191 716 344 Income tax expense 10 50 41 50 --------- ---------- --------- ---------
Adjusted EBITDA* $ 493 $ 2,173 $ 2,783 $ 1,358 ========= ========== ========= =========
*To supplement our consolidated financial statements presented in accordance with GAAP, we use the non-GAAP financial measure of Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization)
which is adjusted from results based on GAAP to exclude certain items. We have excluded the special costs associated with our attempted merger with Computer Horizons, our restructuring and severance-related costs, asset write-off, and goodwill impairment to provide a meaningful comparison between current results and prior reported results. This non-GAAP financial measure is provided to enhance the user's overall understanding of our current financial performance and our prospects for the future. This measure should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results. The non-GAAP financial measure included in this press release has been reconciled to the nearest GAAP measure.
Contact: Adam Friedman Principal Adam Friedman Associates LLC Phone: 212-981-2529 Ext. 18
SOURCE: Analysts International
Source: marketwire
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