Tuesday, October 7, 2008

First Quarter Results

Bellevue, WA - October 7, 2008. 1 Family. Friendly. Food today announced first quarter revenue of $0.00 billion for the period ending September 30, 2008, a #DIV/0! increase over the same period of the prior year. Operating income for the quarter was $0.00 billion, and dilluted earnings per share were $0.00.

“We are pleased with the increasing pace of revenue growth throughout this fiscal year fueled by strong demand for our new offerings,” said the chief financial officer. “We are now accelerating our investments in the business to drive future growth, which is reflected in our financial guidance. We believe next fiscal year will deliver even stronger double-digit revenue growth than this year.”

Business Outlook
Management offers the following guidance for the quarter ending December 31, 2008:

  • Revenue is expected to be in the range of $5 to $10.
  • Operating income is expected to be in the range of $4 to $9.

Forward-Looking Statements

Statements in this release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors such as:

  • challenges to our core business model;
  • intense competition in all our markets;
  • our continued ability to protect the company’s intellectual property rights;
  • claims that we have infringed the intellectual property rights of others;
  • government litigation and regulation affecting how we design and market our products;
  • our ability to attract and retain talented employees;
  • delays in product development and related product release schedules;
  • significant business investments that may not produce offsetting increases in revenue;
  • adverse results in legal disputes;
  • unanticipated tax liabilities;
  • impairment of goodwill or amortizable intangible assets causing a charge to earnings;
  • changes in accounting that may affect our reported earnings and operating income;
  • exposure to increased economic and regulatory uncertainties from operating a global business;
  • general economic and geo-political conditions;
  • natural disaster, cyber-attack or other catastrophic event disrupting our business;
  • acquisitions and joint ventures that adversely affect the business;
  • limitations on the availability of insurance and resulting uninsured losses;
  • sales channel disruption such as the bankruptcy of a major distributor;
  • implementation of operating cost structures that align with revenue growth;
  • and foreign currency, interest rate, fixed income, equity and commodity price risks.

No comments: