jagged peak inc (JGPK) Key Developments
Jagged Peak, Inc. Reports Earnings Results for the Second Quarter Ended June 26, 2015
Aug 7 15
Jagged Peak, Inc. reported earnings results for the second quarter ended June 26, 2015. For the quarter, the company's revenues increased $3,558,100, or 26%, to $17,182,900 as compared to $13,624,800 a year ago. This increase is the result of higher e-commerce order processing volume and the new Florida warehouse becoming fully operational. Revenues from implementation of new client sites and on-going development for existing clients were consistent across these periods. Income before income tax expense was $710,500 compared to a loss before income tax benefit of $504,800 a year ago. Net income was $523,200 compared with net loss of $367,400 a year ago. Basic income per share from operations was $0.03 per weighted average share compared with basic loss of $0.02 per weighted average share a year ago. Adjusted EBITDA was approximately $1,898,300 compared to approximately $181,700 a year ago.
Jagged Peak, Inc. Releases StorePoint Empowering Omnichannel In-Store and Ship-From-Store Capabilities
Aug 6 15
Jagged Peak, Inc. released StorePoint-its newest extension of the EDGE eCommerce platform that powers omnichannel fulfillment. StorePoint is a cloud-based solution that manages the pickup in-store and ship-from-store functions from an easy-to-use online portal. With EDGE StorePoint, retailers can share inventory and products available to shoppers on-line and fulfill those orders from any store location. Orders are automatically designated to the store based on the EDGE OMS order sourcing rules. Store associates can login to StorePoint to view available inventory and manage those orders allocated to a store. Product images and details are conveniently displayed to help store associates quickly pick product for in-store pickup or pick, pack and ship items from customer delivery. With StorePoint, it's simple to generate invoices, create shipping labels, packing slips, and send electronic shipping confirmation for all store orders. EDGE StorePoint also functions as an endless aisle, where store associates can view, route and collaborate online order fulfillment. EDGE StorePoint will be part of the 61.15.2 EDGE release. StorePoint will then be deployed in over 100 stores for a Northeast Hardware chain by September 2015.
Jagged Peak Expands FlexNet Fulfillment Network with 3PL Partner iD Commerce + Logistics
Jun 24 15
Jagged Peak, Inc. has expanded its FlexNet™ fulfillment network, adding its 25th location in Chicago, Illinois. Jagged Peak selected iD Commerce + Logistics as a 3PL partner to provide additional warehousing and order fulfilment capacity to support their growing roster of eCommerce clients. In the fourth quarter of 2015, Jagged Peak plans to expand further and offer fulfillment capabilities in the Asia-Pacific region through a new strategic partnership.
Jagged Peak, Inc. Reports Earnings Results for the First Quarter Ended March 27, 2015
May 11 15
Jagged Peak, Inc. reported earnings results for the first quarter ended March 27, 2015. For the quarter, the company’s revenues increased $2,060,600, or 15%, to $16,151,300 compared to $14,090,700 for the 13-week period ended March 28, 2014. This increase is the result of higher e-commerce order processing volume. The company realized net income of $120,700 compared with net income of $60,200 for the 13-week period ended March 28, 2014. Adjusted EBITDA was approximately $668,100 compared to approximately $379,500 for the 13-week period ended March 28, 2014.
Jagged Peak, Inc. Announces Financial Results for the Fiscal Year Ended December 26, 2014
Mar 26 15
Jagged Peak, Inc. announced financial results for the fiscal year ended December 26, 2014. Revenues increased $14,229,600, or 30%, to $61,711,400 for the 52-week period ended December 26, 2014, as compared to $47,481,800 for the 52-week period ended December 27, 2013. The company realized net income of $230,900 compared with net income of $847,300 for the 52-week period ended December 27, 2013, a decrease of 73%. Basic income per share from continuing operations was $0.01 per weighted average share, compared with basic income of $0.05 per weighted average share for the 52-week period ended December 27, 2013. Adjusted EBITDA was approximately $2,054,300 compared to approximately $2,436,200 for the 52-week period ended December 27, 2013. The decrease in the Adjusted EBITDA primarily relates to the increase in selling, general and administrative expense due to the accelerated hiring of experienced managers at higher wages to support current and expected growth.