The Sports Club Company, Inc. (Pink Sheets:SCYL) today announced financial results for the third quarter and nine months ended September 30, 2009.
Revenues from operations for the third quarter ended September 30, 2009 were $13,324,000 compared to $15,492,000 for the third quarter ended September 30, 2008, a decrease of $2,168,000 or 13.9%. After Preferred Stock dividends of $299,000 for the third quarter ended September 30, 2009 and the third quarter ended September 30, 2008, the net loss attributable to common stockholders for the third quarter ended September 30, 2009 was $542,000 or $0.02 per basic and diluted share, compared to a net loss attributable to common stockholders for the third quarter ended September 30, 2008 of $275,000 or $0.01 per basic and diluted share. The weighted average number of basic and diluted shares outstanding for the third quarter ended September 30, 2009 was 21,907,000 shares compared to 21,474,000 shares for the third quarter ended September 30, 2008.
Revenues from operations for the nine months ended September 30, 2009 were $41,449,000 compared to $47,855,000 for the nine months ended September 30, 2008, a decrease of $6,406,000 or 13.3%. After Preferred Stock dividends of $894,000 for the nine months ended September 30, 2009 and $895,000 the nine months ended September 30, 2008, the net loss attributable to common stockholders for the nine months ended September 30, 2009 was $1,995,000 or $0.09 per basic and diluted share, compared to a net loss attributable to common stockholders for the nine months ended September 30, 2008 of $2,909,000 or $0.14 per basic and diluted share. The weighted average number of basic and diluted shares outstanding for the nine months ended September 30, 2009 was 21,818,000 shares compared to 21,356,000 shares for the nine months ended September 30, 2008.
Source: The Sports Club Company,