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Last $0.19 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

talon international inc (TALN) Key Developments

Talon International, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Talon International, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net sales were $10,270,427 compared to $11,938,636 for the same period last year. Loss from operations was $199,176 compared to income from operations of $20,723 for the same period last year. Loss before provision for income taxes was $292,690 compared to income before provision for income taxes of $6,162 for the same period last year. Net loss was $316,757 compared to net income of $7,487,963 for the same period last year. Net loss applicable to Common Stockholders was $316,757 or $0.00 per diluted share compared to net income applicable to Common Stockholders of $7,487,963 or $0.08 per diluted share for the same period last year. For the year, the company reported net sales were $49,322,684 compared to $52,447,387 for the same period last year. Income from operations was $1,739,705 compared to $2,757,224 for the same period last year. Income before provision for income taxes was $1,328,435 compared to income before provision for income taxes of $2,731,447 for the same period last year. Net income was $572,069 compared to $9,731,087 for the same period last year. Net income applicable to Common Stockholders was $572,069 or $0.01 per diluted share compared to net income applicable to Common Stockholders of $14,755,874 or $0.24 per diluted share for the same period last year. Total sales decrease compared to 2013, principally the result of a decline in Talon Zipper sales.

Talon International, Inc. to Report Q4, 2014 Results on Mar 16, 2015

Talon International, Inc. announced that they will report Q4, 2014 results After-Market on Mar 16, 2015

Talon International, Inc., Q4 2014 Earnings Call, Mar 16, 2015

Talon International, Inc., Q4 2014 Earnings Call, Mar 16, 2015

Talon International, Inc. Announces Amendment to the Commercial Credit Agreement

On March 3, 2015, Talon International, Inc., entered into an amendment to the Commercial Credit Agreement, originally entered into on December 31, 2013, between Talon and MUFG Union Bank, N.A. to change the terms under the Credit Agreement. The parties agreed to modify the fixed charge covenants for the first two quarters of 2015, and the minimum EBITDA covenant for all of 2015; to increase the interest rates on outstanding balances by 1% commencing as of March 1, 2015 (to the applicable reference plus 3.5% for the revolving loan and 3.75% for the term loan); to require certain prepayments to the term loan; and to re-amortize the regular term loan payments due for the remaining term of the Credit Agreement. The additional principal repayments total $600,000, of which $400,000 will be applied to the term loan during the second quarter of 2015 and $200,000 during the third quarter of 2015. In connection with the Amendment Talon agreed to pay Union Bank a loan modification fee of $50,000, half of which shall be payable on March 31, 2015 and the other half on June 30, 2015. As outlined by the Amendment, financial covenants in the Credit Agreement require Talon and its subsidiaries to maintain the following (specific terms as defined in the Credit Agreement): a Fixed Charge Coverage Ratio between Adjusted EBITDA and future principal and interest payments of not less than 0.70:1.00 as of March 31, 2015, 1.00:1.00 as of June 30, 2015, and 1.25:1.00 as of the close of each fiscal quarter thereafter; a minimum EBITDA for the 12-month period ended as of the last day of each quarter of at least $1,750,000 as of the close of each of the fiscal quarters in 2015, and at least $2,750,000 as of the close of each fiscal quarter thereafter; and no incurrence of a net loss after taxes for more than two consecutive fiscal quarters commencing January 1, 2015.

Talon International, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Talon International, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the third quarter, the company's total sales for the third quarter ended September 30, 2014 were $11.7 million, reflecting a 14.4% decrease as compared to the same period in 2013 of $13,728,037. Operating income for the third quarter ended September 30, 2014 was $315,000, or 2.7% of sales, as compared to $939,000, or 6.8% of sales, for the same period in 2013. Net income for the quarter was $57,000 against $7.5 million a year ago. Income from operations was $315,122 against $939,025 a year ago. Income before provision for income taxes was $218,251 against $928,384 a year ago. For the nine months, the company's operating income for the nine months ended September 30, 2014 was $1.9 million as compared to $2.7 million for the same period in 2013. Net income for the period was $889,000 against $7.3 million a year ago. Net sales were $39,052,257 against $40,508,751 a year ago. Income from operations was $1,938,881 against $2,736,501 a year ago. Income before provision for income taxes was $1,621,125 against $2,725,285 a year ago. Diluted net income per share was $0.01 against $0.15 a year ago.

 

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Valuation TALN Industry Range
Price/Earnings 4.1x
Price/Sales 0.0x
Price/Book 0.5x
Price/Cash Flow 4.0x
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