National Research Corporation (NRCI) has reported 18.43 percent rise in profit for the quarter ended Mar. 31, 2017. The company has earned $6.52 million in the quarter, compared with $5.51 million for the same period last year.
Revenue during the quarter grew 8.63 percent to $30.28 million from $27.87 million in the previous year period. Gross margin for the quarter expanded 12 basis points over the previous year period to 58.71 percent. Total expenses were 67.02 percent of quarterly revenues, down from 71.27 percent for the same period last year. This has led to an improvement of 425 basis points in operating margin to 32.98 percent.
Operating income for the quarter was $9.98 million, compared with $8.01 million in the previous year period.
Remarking on Company performance, Michael D. Hays, chief executive officer of National Research Corporation said, “Our first quarter performance was mixed. Revenue and net income growth were positive while we fell short on our target for Net New Sales.”
Working capital increases sharplyNational Research Corporation has recorded an increase in the working capital over the last year. It stood at $18.03 million as at Mar. 31, 2017, up 46.65 percent or $5.74 million from $12.30 million on Mar. 31, 2016. Current ratio was at 1.52 as on Mar. 31, 2017, up from 1.38 on Mar. 31, 2016. Days sales outstanding went down to 37 days for the quarter compared with 47 days for the same period last year.
Debt comes down significantlyNational Research Corporation has recorded a decline in total debt over the last one year. It stood at $2.50 million as on Mar. 31, 2017, down 52.05 percent or $2.71 million from $5.21 million on Mar. 31, 2016. Total debt was 1.98 percent of total assets as on Mar. 31, 2017, compared with 4.40 percent on Mar. 31, 2016. Debt to equity ratio was at 0.03 as on Mar. 31, 2017, down from 0.07 as on Mar. 31, 2016. Interest coverage ratio improved to 369.78 for the quarter from 94.19 for the same period last year. Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: [email protected]
