Jagged Peak Inc. (OTCMKTS:JGPK): Announces Financial Results for the 3Q13

On November 8, 2013, Jagged Peak, Inc. (OTCMKTS:JGPK) announced its financial results for the quarter ended September 27, 2013.

Total revenue of the company for the period of 13 week ended September 27, 2013 was increased by $2.602 million or 30% to $11.3 million as compared to $8.717 million for the same period of previous year. The amount of PBT (profit before taxes) for the period of 13 week was increased by 10% to $0.458 million.

The amount of Cost of revenue, which consists mainly of fulfillment operations, labor and facilities costs was increased by $2.326 million or 35% to $8.98 million for the period of 13 week ended September 27, 2013 as compared to $6.656 million for the same period of 13 week a year ago. Cost of revenue of the company as a percentage of revenue was 79% for the period of 13 week ended September 27, 2013 as compared to 76% for the period of 13 week of last year.

The amount of selling, general and administrative expense of the company was increased by $0.238 million or 15% to $1.851 million for the same period of 13 week ended September 27, 2013 as compared to $1.613 million for the same period of 13 week of last year.

“Our continued growth is, in part, a reflection of an increasing number of enterprise clients turning to Jagged Peak for our innovative e-commerce platform,” says Jagged Peak Chief Executive Officer Paul Demirdjian.  “They’re relying on our platform for key omnichannel capabilities to provide a perfect customer experience”.

For the period of 13 week ended September 27, 2013, the interest expenses of the company was reduced by $7.1K to $51.3K as compared to $58.4K for the same period a year ago, mainly because of a lower rate on the line of credit and also because of a lower average outstanding balance.

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