Computeruser.com
Latest News

Pervasip Corp. Reports First Quarter Earnings Of $3.2 Million

WHITE PLAINS, N.Y. April 24, 2012

Summary of Recent Accomplishments:

  • First quarter gross margin of 55% compared to 38% in first quarter of prior year
  • $3.2 million
  • $0.03 $0.02
  • $4.9 million
  • Soft launch of VoX’s Android mobile app for international calling

February 29, 2012

February 29, 2012 $3,206,757 $0.03 $0.02 ($788,488) ($0.08)

$28,343 $150,609 February 29, 2012 $122,266 February 28 February 29, 2012 February 28, 2011

Paul Riss

$4,900,000 February 29, 2012 November 30, 2011 $4,779,634

February 29, 2012

About Pervasip

www.voxcorp.net

FORWARD-LOOKING STATEMENTS

The information contained herein includes forward-looking statements.  These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.  You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements.  Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity.  We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

 

 

Pervasip Corp. and Subsidiaries

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

(Unaudited)

 

For the Three Months Ended

Feb. 29, 2012

Feb 28, 2011

Revenues

$   275,497

$   319,671

Costs and expenses:

  Costs of services

124,888

197,405

  Financing charges

260,804

  Selling, general and administrative

472,887

436,113

               Total costs and expenses

858,579

633,518

Loss from operations

(583,082)

(313,847)

Other income (expense):

  Interest expense

(1,079,466)

(482,161)

  Gain on troubled debt restructuring

4,779,634

  Mark to market adjustment of derivative liabilities

89,671

7,520

           Total other income (expense)

3,789,839

(474,641)

Net income (loss)

3,206,757

(788,488)

Other comprehensive income (loss)

(719)

520

Comprehensive income (loss)

$3,206,038

$(787,968)

Basic earnings (loss) per share

$0.03

($0.08)

Diluted earnings (loss) per share

$0.02

($0.08)

FOR FURTHER INFORMATION:

AT PERVASIP:
Paul H. Riss

[email protected]

SOURCE Pervasip Corp.

Leave a comment

seks shop - izolasyon
basic theory test book basic theory test