Miranda “Shtum” on Potential Sale

11 May

SCRI's NewsBriefs

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Miranda reported Q1 revenue of $42.2 million, up 7% from 2011. CEO Seth Goodship did say in the analyst phone conference that Q1 was “softer than expected,” particularly in the US, but that the company is expecting sales to “ramp up” during the year.  Several questions abou the impending “strategic review” or sale of the company were answered with the standard company line that the “process is unfolding.” Revenue at Omnibus was not reported separately due to “competitive reasons.”  Revenue in the UK while high, was misleading since the UK is the “distribution point” of other regions in Europe.  See Miranda Reports First Quarter 2012 Results for details.

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