Apr 22 2010
The Sports Club Company, Inc. (Pink Sheets:SCYL) today announced financial results for the first quarter ended March 31, 2010.
Revenues from operations for the first quarter ended March 31, 2010 were $13,150,000 compared to $14,047,000 for the first quarter ended March 31, 2009, a decrease of $897,000 or 6.4%. After Preferred Stock dividends of $297,000 for the first quarter ended March 31, 2010 and the first quarter ended March 31, 2009, the net loss attributable to common stockholders for the first quarter ended March 31, 2010 was $570,000 or $0.03 per basic and diluted share, compared to a net loss attributable to common stockholders for the first quarter ended March 31, 2009 of $1,139,000 or $0.05 per basic and diluted share. The weighted average number of basic and diluted shares outstanding for the first quarter ended March 31, 2010 was 21,907,000 shares compared to 21,638,000 shares for the first quarter ended March 31, 2009.
Source:
The Sports Club Company, Inc.