On May 1, 2014, Institutional Financial Markets Inc (NYSEMKT:IFMI) reported financial results for the quarter ended March 31, 2014. Adjusted operating loss was $0.7 million, or $0.03 per diluted share, for the three months ended March 31, 2014, compared to adjusted operating loss of $6.4 million, or $0.32 per diluted share, for the three months ended December 31, 2013, and adjusted operating loss of $5.6 million, or $0.34 per diluted share, for the three months ended March 31, 2013. The first quarter of 2014 was negatively impacted by non-recurring legal and currency hedge termination charges of $1.0 million related to the sale of the Company’s ownership interest in the Star Asia Group. Without these charges, adjusted operating income would have totaled $0.3 million for the first quarter of 2014. Adjusted operating income is not a measure recognized under US generally accepted accounting principles (“GAAP”). See Note 1 on page 3. Institutional Financial Markets Inc (NYSEMKT:IFMI) net profit margin is -23.10%and weekly performance is 3.79%. On last trading day company shares ended up $2.19. Analysts mean target price for the company is $0.50. Institutional Financial Markets Inc (NYSEMKT:IFMI) distance from 50-day simple moving average (SMA50) is 1.80%.
Good Times Restaurants Inc. (NASDAQ:GTIM) today announced that its board of directors has approved Robert Stetson as a new member of the board. Mr. Stetson has had a substantial career in the restaurant and restaurant property businesses. He is the former Chief Financial Officer and President-Restaurant Division of Burger King Corp. and former Chief Financial Officer of Pizza Hut Inc. Beginning in 1994, Mr. Stetson built one of the largest public REITs focused on restaurant properties development, which merged into GE Capital. He is currently the founder and CEO of U.S. Restaurant Properties, again among the largest private companies in the restaurant property industry. Good Times Restaurants Inc. (NASDAQ:GTIM) shares advanced 8.63% in last trading session and ended the day on $3.65. GTIM Gross Margin is 26.60% and its return on assets is -9.30%. Good Times Restaurants Inc. (NASDAQ:GTIM) quarterly performance is 18.89%.
STR Holdings (NASDAQ:STRI) issued its quarterly earnings data on Wednesday. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.07) by $0.01, Analyst RN reports. The company had revenue of $9.30 million for the quarter, compared to the consensus estimate of $7.80 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. The company’s quarterly revenue was down 17.0% on a year-over-year basis. STR Holdings, Inc. (NYSE:STRI) shares moved down -8.92% in last trading session and was closed at $1.43, while trading in range of $1.41 – $1.57. STR Holdings, Inc. (NYSE:STRI) year to date (YTD) performance is -8.92%.
CombiMatrix Corp (NASDAQ:CBMX) announced record total quarterly revenues of $1.82 million for the first quarter ended March 31, 2014, up 13 percent from the first quarter of 2013 and up sequentially 4 percent from the fourth quarter of 2013. The Company’s core prenatal microarray test volumes in the first quarter of 2014 grew 60 percent to a record of 737 tests from 461 tests in the first quarter of 2013. Prenatal microarray revenue in the first quarter of 2014 was up 34 percent to a record $1.1 million from $836,000 in the first quarter of 2013. The Company also reported that its customer base continued to grow, reaching record levels of 150 customers for the first quarter of 2014, compared to 119 customers in the first quarter of 2013. CombiMatrix Corp (NASDAQ:CBMX) ended the last trading day at $2.21. Company weekly volatility is calculated as 8.17% and price to cash ratio as 1.75. CombiMatrix Corp (NASDAQ:CBMX) showed a negative weekly performance of -20.22%.