Boston, MA 02/18/2014 (wallstreetpr) – NCI Inc. (NASDAQ:NCIT) posts strong fourth quarter results
NCI Inc. (NASDAQ:NCIT) a leading provider of information technology, professional services and solutions to the US federal government posted strong fourth quarter results for the period ending December 31, 2013. Fourth quarter revenue camein at $80 million exceeding a guidance of $7 million. The quarter’s revenue was still a decline of 10.9% compared to years ago same quarter earnings of $89.7.
The decline in revenue for the quarter was as a result of the expiration of contracts and certain task orders from the company’s PEO Soldier program. The net revenue was partially offset by the awarding of new contracts during the quarter. GAAP operating income came in at $3.8 million with the operating margin for the quarter standing at 4.7%.
GAAP net income stood at $2 millionwhile total revenue for the full year came in at $332.3 million compared to $368 million registered in F2012. Operating income for the full year stood at $14. 1 million while GAAP net income came in at $7.7 million. NCI cash flow due to its operating activities stood at $17.3 million.
Forest Laboratories, Inc. (NYSE:FRX) to be bought by Actavis PLC for $25 billion
Forest Laboratories, Inc. (NYSE:FRX) looks set to be an entity of Actavis PLC which is being reported to be in advanced stages for its acquisition for an amount thought to be about $25 billion. Forest currently commands a market capitalization of $19.34 billion of which Actavis would like to add to its portfolio as it strives to increase its earnings in the branded drugs industry.
The merger of Forest and Actavis is expected to yield double digit non GAAP earnings as of 2015 and 2016 with cash flows amounting to $4 billion, the merger according CEO of Actavis has the potential to realize up to $ 1 billion in operating and Tax synergies.
C) acquires US patent for its metallic fuel design
Lightbridge Corp (NASDAQ:LTBR) which is a leader in in the innovation of nuclear fuel designs and provider of nuclear energy consulting services has acquired a key patent for its multi lobed metallic fuel rod design as well as fuel assemblies, the patent has been given the number 8,654,917.
The patent has been seen as the key to the company future in terms of royalty revenue stream as the company continues to commercialize the next generation nuclear fuel technology. The new fuel technology presents a new value to the growing nuclear energy industry.
