DIL
16/05/2012 08:30
QUARTER
REL: 0830 HRS Diligent Board Member Services INC (NS)
QUARTER: DIL: Quarterly Report For The Quarter Ended March 31, 2012
10Q Report for the period (1st Quarter) ending 31 March
Diligent Board Member Services Inc is subject to regulation by both the New
Zealand Securities Commission and the US Securities and Exchange Commission
(SEC). In order to comply with SEC regulations, Diligent is required to file
quarterly financial reports on Form 10-Q and file annual reports on Form
10-K.
The March 2012 Form 10-Q has now been filed with the SEC and is
contemporaneously being filed with this announcement.
Reporting Period: Three Months to 31st March 2012,
Amount (000s)
Revenue from ordinary activities USD 8,214:2011, 2,976
Operating profit (loss) from ordinary activities USD 1,899: 2011, (207)
Profit (loss) from ordinary activities after tax attributable
to security holder USD 1,900: 2011, (188)
Net profit (loss) attributable to security holders USD 1,900: 2011, (188)
COMMENTARY
For the quarter ended March 31, 2012, Diligent produced record-breaking
results across a variety of performance metrics and surpassed expectations
across the board. The growth trajectory of Diligent is demonstrated by the
increase in revenues which, at USD8.20 million for the quarter ended March
31, 2012, are up 176% compared to the same quarter a year ago.
Another noteworthy milestone is achieving quarterly gross profit and
operating margins of 73.6% and 23.1%, respectively.
Also of significance in the First Quarter, cash generated from Diligent's
operating activities were USD3.66 million, a 487% increase over the First
Quarter of 2011. These significant milestones for the Company demonstrate
Diligent's continued upward financial momentum.
For additional information on Diligent's Form 10-Q filing or other related
questions, please contact [email protected] or to download the full PDF
version of the Form 10-Q, go to
http://www.boardbooks.com/diligentbooks/us-filings.shtml
End CA:00222886 For:DIL Type:QUARTER Time:2012-05-16 08:30:07
