Peerless Systems Corp. (PRLS, Financial) filed Quarterly Report for the period ended 2013-07-31.
Peerless Systems Corporation has a market cap of $11.3 million; its shares were traded at around $3.78 with a P/E ratio of 8.30 and P/S ratio of 4.10.
Product licensing costs were $171,000 or 8.8% of revenues for the six months ended July 31, 2013, compared to $44,000 or 4.1% of revenue for the six months ended July 31, 2012. The increase of cost of revenues was primarily due to higher licensing fees being paid to third parties resulting from a change in the revenue stream from our customers and the mix of products sold by our customers during the period.
Our gross margins were 94.9% and 101.8% for the three months ended July 31, 2013 and 2012, respectively. The decrease in gross margins was primarily due to higher licensing fees being paid to third parties resulting from a change in the revenue stream from our customers and the mix of products sold by our customers during the period. As stated above, we recorded adjustments to estimates of cost of revenues in the amount of $32,000 and $26,000 for three months ended July 31, 2013 and 2012, respectively.
Our net loss for the three months ended July 31, 2013 was approximately $399,000 or $0.14 per basic and diluted share, compared to a net loss of approximately $303,000, or $0.09 per basic and diluted share, for the three months ended July 31, 2012. We had 2.8 million and 3.3 million weighted average shares of common stock outstanding during the three months ended July 31, 2013 and 2012, respectively, used for the calculation of basic earnings per share.
Our net loss for the six months ended July 31, 2013 was approximately $264,000 or $0.09 per basic and diluted share, compared to a net income of approximately $143,000, or $0.04 per basic and diluted share, for the six months ended July 31, 2012. We had 2.8 million and 3.3 million weighted average shares of common stock outstanding during the six months ended July 31, 2013 and 2012, respectively, used for the calculation of basic earnings per share.
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Peerless Systems Corporation has a market cap of $11.3 million; its shares were traded at around $3.78 with a P/E ratio of 8.30 and P/S ratio of 4.10.
Highlight of Business Operations:
Product licensing costs were $43,000 or 5.1% of revenues for the three months ended July 31, 2013, compared to a negative balance of ($8,000) for the three months ended July 31, 2012. Adjustments to estimates of cost of revenues were made in the amount of $32,000 and $26,000 for three months ended July 31, 2013 and 2012, respectively. The increase of cost of revenues was primarily due to higher licensing fees being paid to third parties resulting from a change in the revenue stream from our customers and the mix of products sold by our customers during the period.Product licensing costs were $171,000 or 8.8% of revenues for the six months ended July 31, 2013, compared to $44,000 or 4.1% of revenue for the six months ended July 31, 2012. The increase of cost of revenues was primarily due to higher licensing fees being paid to third parties resulting from a change in the revenue stream from our customers and the mix of products sold by our customers during the period.
Our gross margins were 94.9% and 101.8% for the three months ended July 31, 2013 and 2012, respectively. The decrease in gross margins was primarily due to higher licensing fees being paid to third parties resulting from a change in the revenue stream from our customers and the mix of products sold by our customers during the period. As stated above, we recorded adjustments to estimates of cost of revenues in the amount of $32,000 and $26,000 for three months ended July 31, 2013 and 2012, respectively.
Our net loss for the three months ended July 31, 2013 was approximately $399,000 or $0.14 per basic and diluted share, compared to a net loss of approximately $303,000, or $0.09 per basic and diluted share, for the three months ended July 31, 2012. We had 2.8 million and 3.3 million weighted average shares of common stock outstanding during the three months ended July 31, 2013 and 2012, respectively, used for the calculation of basic earnings per share.
Our net loss for the six months ended July 31, 2013 was approximately $264,000 or $0.09 per basic and diluted share, compared to a net income of approximately $143,000, or $0.04 per basic and diluted share, for the six months ended July 31, 2012. We had 2.8 million and 3.3 million weighted average shares of common stock outstanding during the six months ended July 31, 2013 and 2012, respectively, used for the calculation of basic earnings per share.
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