Liberty Tax, Inc., together with its subsidiaries, provides tax preparation services and solutions in the United States and Canada. The company also facilitates refund-based tax settlement financial products, such as refund transfer products, refund-based loans, and personal income tax refund discounting, as well as provides an online digital Do-It-Yourself tax program in the United States. Its customers include taxpayers who, for reasons of complexity, convenience, or the need for prompt tax refunds, seek assisted tax preparation services. Liberty Tax, Inc. offers its products and services through a network of company-owned offices and franchised locations under the Liberty Tax, Liberty Tax...
1716 Corporate Landing Parkway
Virginia Beach, VA 23454
Founded in 1996
Liberty Tax, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended July 31, 2016
Sep 2 16
Liberty Tax, Inc. announced unaudited consolidated earnings results for the first quarter ended July 31, 2016. For the quarter, the company announced total revenues of $7,149,000 compared to $7,523,000 for the same period a year ago. The majority of the small decline was in area developer fees, where revenue from some of the company's early AD sales has now been fully recognized over the 10-year life of those agreements. Loss from operations was $15,202,000 compared to $13,874,000 for the same period a year ago. Loss before income taxes was $15,504,000 compared to $14,300,000 for the same period a year ago. Net loss was $9,430,000 compared to $8,536,000 for the same period a year ago. Net loss per share of Class A and Class B common stock, basic and diluted was $0.73 compared to $0.67 for the same period a year ago. Net cash used in operating activities was $21,923,000 compared to $15,460,000 for the same period a year ago. Purchase of property, equipment, and software was $1,556,000 compared to $2,686,000 for the same period a year ago. LBITDA was $13,148,000 compared to $12,229,000 for the same period a year ago. Non-GAAP loss before taxes was $14.0 million compared to $13.9 million for the same period a year ago. Non-GAAP net Loss was $8.5 million compared to $8.3 million for the same period a year ago. Non-GAAP basic and diluted LPS was $0.66 compared to $0.65 for the same period a year ago.
Liberty Tax, Inc. Approves Cash Dividend to Stockholders, Payable on October 24, 2016
Sep 2 16
Liberty Tax, Inc. announced that its board of directors approved a cash dividend to its stockholders. The quarterly dividend of $0.16 per share will be paid on October 24, 2016 to stockholders of record at the close of business on October 14, 2016.
Liberty Tax Seeks Buyers For Reacquired Territories
Sep 2 16
Liberty Tax, Inc. (NasdaqGS:TAX) is seeks buyers for its reacquired territories. The company in addition to focus on selling new undeveloped territories, company intends to seek buyers to buy reacquired territories.