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Clayton Sees Higher Revenue Despite Loss.
Shelton, CT -- Clayton Holdings here said that it earned a gross profit of $16.3 million in the first quarter on revenue of $55.2 million. Clayton said that first-quarter revenue was up 15.3% compared to the first quarter of 2005. The company's profit was up 2.7%. However, on a GAAP basis, Clayton reported a net loss of $1.1 million, or $0.09 per share, in the first quarter, as the company transitioned to being a publicly traded firm.
Frank Filipps, chairman and CEO, said the first quarter marked a milestone with the completion of the company's initial public offering in March. The revenue growth in the first quarter reflected the company's success in expanding the scope of its services through ...
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Source: HighBeam Research, Clayton Sees Higher Revenue Despite Loss.