On Thursday, Shares of Abraxas Petroleum Corp. (NASDAQ:AXAS), gained 2.34% to $1.75.
Abraxas Petroleum Corporation, stated financial and operating results for the three and six months ended June 30, 2015.
On October 31, 2014, we closed on the sale of our interest in Canadian Abraxas Petroleum, ULC, a wholly-owned Canadian partner of Abraxas Petroleum Corporation. As a result of the disposal of Canadian Abraxas, the results of operations of Canadian Abraxas are reflected in our Financial Statements and in this document as “Suspended Operations” and our remaining operations are referred to in our Financial Statements and in this document as “Ongoing Operations” or “Continued Operations.” Unless otherwise noted, all disclosures are for ongoing operations.
Abraxas Petroleum Corporation, an independent energy company, engages in the acquisition, exploitation, development, and production of oil and gas properties in the United States.
Shares of Lifelock Inc (NYSE:LOCK), inclined 0.26% to $7.69, during its last trading session.
LifeLock, declared financial results for the second quarter ended June 30, 2015.
Second Quarter 2015 Financial Highlights:
- Revenue: Total revenue was $145.0 million for the second quarter of 2015, up 25% from $115.7 million for the second quarter of 2014. Consumer revenue was $138.3 million for the second quarter of 2015, up 27% from $109.3 million for the second quarter of 2014. Enterprise revenue was $6.6 million for the second quarter of 2015, up 4.0% from $6.4 million for the second quarter of 2014.
- Net Income: Net income was $0.5 million for the second quarter of 2015, contrast with a net loss of $1.5 million for the second quarter of 2014. Net income per diluted share was $0.01 for the second quarter of 2015 based on 100.3 million weighted-average shares outstanding, contrast with a net loss per diluted share of $0.02 for the second quarter of 2014 based on 92.5 million weighted-average shares outstanding.
- Adjusted Net Income: Adjusted net income was $10.0 million for the second quarter of 2015, contrast with an adjusted net income of $4.6 million for the second quarter of 2014. Adjusted net income per diluted share was $0.10 for the second quarter of 2015 based on 100.3 million weighted-average shares outstanding, contrast with an adjusted net income per diluted share of $0.05 for the second quarter of 2014 based on 98.1 million weighted-average shares outstanding.
- Adjusted EBITDA: Adjusted EBITDA was $12.5 million for the second quarter of 2015, contrast with $6.7 million for the second quarter of 2014.
- Cash Flow: Cash flow from operations was $34.4 million for the second quarter of 2015, leading to free cash flow of $32.2 million after taking into consideration $2.2 million of capital expenditures. This compares with cash flow from operations of $27.7 million and free cash flow of $24.0 million, after taking into consideration $3.7 million of capital expenditures, for the second quarter of 2014.
- Balance Sheet: Total cash and marketable securities at the end of the second quarter of 2015 was $326.0 million, up from $293.4 million at the end of the first quarter of 2015.
LifeLock, Inc. provides identity theft protection services for consumers; and consumer risk administration services for enterprises in the United States. It protects consumer subscribers through monitoring identity-related events, such as new account openings and credit-related applications; and enterprise customers through delivering on-demand identity risk, identity authentication, and credit information about consumers.
At the end of Thursday’s trade, Shares of Prospect Capital Corporation (NASDAQ:PSEC), gained 1.99% to $7.17.
Prospect Capital Corporation, declared that their July 9 presentation from Grier Eliasek, President and Chief Operating Officer, is now available for on-demand viewing at VirtualInvestorConferences.com.
Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, buyouts, recapitalizations, turnaround, growth capital, development, subordinated debt tranches of collateralized loan obligations, cash flow term loans, and bridge transactions.
Finally, Flextronics International Ltd. (NASDAQ:FLEX), ended its last trade with -2.05% loss, and closed at $11.00.
Flextronics, declared results for its first quarter ended June 26, 2015.
First Quarter Fiscal 2016 Results of Operations
Flextronics’ net sales for the first quarter ended June 26, 2015 were just under $5.6 billion, slightly below its formerly offered revenue guidance of $5.6 billion to $6.2 billion. Adjusted operating income was $159 million, above the lower end of the guidance range of $150 to $190 million.
Despite the lighter revenues, adjusted gross margin raised 60 basis points and adjusted operating margin raised 10 basis points contrast to the same period last year.
Flextronics International Ltd. provides design, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. The company offers innovation services, such as innovations labs for supporting customer design and product development services from early concept stages; collective innovation platform, an ecosystem of technology solutions; Lab IX startup accelerator program; centers of excellence solutions in critical areas; interconnect technology center for printed circuits; and CloudLabs that enables customers to accelerate a spectrum of cloud, converged infrastructure, and datacenter strategies.
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