Childtime Learning Centers Inc. (CTIM) - 500 Beiträge pro Seite

[benefactor [KommA]]

Company Description

The group`s principal activity is to provide childcare and preschool educational services. operating through its wholly owned subsidiaries, child time childcare inc, the group provides child care and preschool education, five days a week throughout the year to children between the ages of six weeks and twelve years. the classrooms are organized in seven levels following the sequential process of growth and impart the creative curriculum (r) for early childhood, a nationally recognized educational curriculum. all the centers are operated under the childtime children`s centers name and are located on freestanding sites in suburban residential areas with preschool populations. on 29-mar-2002, the group operated 286 childcare centers located in 23 states and the district of columbia with over 26,000 children enrolled in them. some of them are at-work sites providing childcare for working parents at business areas and office complexes, shopping centers and hospitals.
http://www.child-time.com/

Insider Trading

05/16/03 Jacobson, Benjamin R. Director Private Buy 17,511,424 0.88
05/16/03 Jacobson, Benjamin R. Director Private Buy 9,888,471 0.88
05/16/03 Morgan, James J Director Non-Open Market Buy 123 0.88
05/16/03 Morgan, James J Director Non-Open Market Buy 226,446 0.88
05/16/03 Kellner, George A. Vice Chairman Non-Open Market Buy 63,450 0.88
05/16/03 Kellner, George A. Vice Chairman Non-Open Market Buy 602,352 0.88

[benefactor [KommA]]

Revenues (Units in Thousands of U.S. Dollars $)

Quarter 2003 2004
Q1 44,448 62,920
Q2 43,751 --
Q3 43,287 --
Q4 45,879 --


Earnings Per Share (Units in U.S. Dollars $)

Quarter 2003 2004
Q1 -0.04 -0.01
Q2 -2.10 --
Q3 -0.20 --
Q4 -0.09 --

[benefactor [KommA]]

Insider Trading

[benefactor [KommA]]

Revenues (Thousands of U.S. Dollars $)

Quarter 2003 2004
Q1 44,298 62,760
Q2 43,530 45,069
Q3 43,287 44,931
Q4 45,879 --

Earnings Per Share (U.S. Dollars $)

Quarter 2003 2004
Q1 -0.03 -0.01
Q2 -2.05 -0.07
Q3 -0.20 -0.02
Q4 -0.09 --

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MK 41,9 USD ( bei einem Kurs von 2.12 USD )
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[benefactor [KommA]]

Childtime Learning Centers Reports Profitable Fourth Quarter & Improved 2004 Operating Results
Thursday July 1, 8:01 am ET

NOVI, Mich., July 1 /PRNewswire-FirstCall/ -- Childtime Learning Centers, Inc. (Nasdaq: CTIM - News) today announced operating results for the 13 weeks (fourth quarter 2004) and 53 weeks (fiscal 2004) ended April 2, 2004.

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Net revenue for fourth quarter 2004 increased $7.5 million or 16.6% from the same period last year to $52.9 million; $4.1 million of the increase was due to the additional week in fourth quarter 2004. Learning Center revenue increased $6.8 million, of which $3.9 million related to Childtime centers revenue and $2.9 million related to Tutor Time centers revenue. Childtime and Tutor Time comparable center revenues (centers opened more than 18 months) increased 2.4% and 5.6%, respectively, for the quarter. Franchise Operations revenue, which consisted primarily of royalties, increased $0.7 million, as a result of revenue increases experienced by the Company`s franchisees. Tutor Time franchisee-owned centers reported increased revenue of $3.6 million for the quarter, an increase of 12.5% from the same period last year, with comparable center revenues increasing 7.9%. Fourth quarter systemwide sales, which include revenues from franchisee-owned and Company-owned centers, grew to $82.6 million, an increase of 13.9% from the same period last year.

Net revenue for fiscal 2004 increased $30.5 million, or 17.4%, from fiscal 2003 to $206.1 million; $4.1 million of the increase was due to the additional week in fiscal 2004. Learning Center revenues increased $27.6 million or 16.0% for fiscal 2004, of which $22.1 million was contributed by Tutor Time centers. This was primarily a result of Tutor Time being acquired at the end of the first quarter of fiscal 2003 and having a full year of operating results in fiscal 2004. Childtime centers revenue increased $4.2 million, with comparable center revenues increasing 1.1%. Franchise Operations revenue increased $2.9 million for fiscal 2004, primarily a result of Tutor Time being acquired at the end of the first quarter of fiscal 2003. Tutor Time franchisee-owned centers reported revenue of $119.9 million for fiscal 2004, an increase of 50.5% from the same period last year. Fiscal 2004 systemwide sales grew to $319.3 million, an increase of 26.3% from fiscal 2003.

Gross profit for fourth quarter 2004 increased $2.0 million, or 31.4%, to $8.3 million from the same period last year. This increase was a result of a $1.3 million increase in Learning Center Operations and a $0.7 million increase in Franchise Operations.

Gross profit for fiscal 2004 increased $6.9 million, or 35.2%, from fiscal 2003 to $26.6 million. This increase was a result of a $4.0 million increase in Learning Center Operations and a $2.9 million increase in Franchise Operations.

Operating income for fourth quarter 2004 improved to $2.6 million from $0.8 million during the same period last year. The improvement was primarily attributable to increased gross profit of $2.0 million.

Operating income/loss for fiscal 2004 improved $12.3 million from the same period last year to $2.0 million compared to a loss of ($10.3) million for fiscal 2003. The improvement was primarily attributable to increased gross profit of $6.9 million, decreased long lived fixed asset and intangible asset impairment charges of $7.6 million and decreased exit and closure expenses of $0.8 million, partially offset by increased general and administrative expenses of $2.4 million.

Net income/loss for fourth quarter 2004 improved to $1.5 million from a loss of ($0.3) million during the same period last year. The improvement was primarily attributable to increased operating income of $1.8 million and a decrease in interest expense of $0.5 million, partially offset by a decrease in discontinued operations, net of taxes of $0.4 million.

Net loss for fiscal 2004 improved $17.3 million from fiscal 2003 to ($0.9) million compared to a loss of ($18.2) million for fiscal 2003. The improvement was primarily attributable to increased operating income of $12.3 million, and decreased expenses related to cumulative effect of changes in accounting principle of $5.0 million.

The fourth quarter 2004 income per share was $0.07 on a basic and diluted basis as compared to a loss of ($0.06) on a basic and diluted basis for the same period last year.

Fiscal 2004 loss per share was ($0.05) on a basic and diluted basis as compared to ($3.39) on a basic and diluted basis for fiscal 2003.

On May 16, 2003, the Company completed a rights offering under which it issued 14.1 million shares of common stock. Accordingly, the weighted average shares outstanding were 19.8 million and 5.4 million for fourth quarter 2004 and fourth quarter 2003, respectively. The weighted average shares outstanding were 17.8 million and 5.4 million for fiscal 2004 and fiscal 2003, respectively.

Bill Davis, President and Chief Executive Officer commented, "We have made significant improvements, which have had a positive impact on our operating performance for the entire fiscal year. We are excited about our ability to deliver profitable results for the first time in 11 quarters. We have also experienced strong growth in our franchise segment, particularly with the franchisee comparable center revenues."

"The strength in comparable center revenues for Company centers and franchisee centers is continuing. We have also felt the momentum of the operating improvements continue into the first quarter of our new fiscal year," Davis remarked. "These operating improvements have been further enhanced by the recent increase in jobs and strengthening economy. We expect that this combination will lead to an environment where we can take advantage of growth opportunities, particularly in the franchise arena, and result in net income for the upcoming year."
http://biz.yahoo.com/prnews/040701/nyth036_1.html

[benefactor [KommA]]

Revenues (Thousands of U.S. Dollars)

Quarter 2003 2004
Q1 44,298 62,760
Q2 43,530 45,069
Q3 43,287 44,931
Q4 45,879 52,930

Earnings Per Share (U.S. Dollars)

Quarter 2003 2004
Q1 -0.03 -0.01
Q2 -2.05 -0.07
Q3 -0.20 -0.02
Q4 -0.09 +0.07