Comdisco Holding Company, Inc. (OTC: CDCO.OB) (“Comdisco”) reported financial results for its fiscal year ended September 30, 2009. Comdisco emerged from Chapter 11 bankruptcy proceedings on August 12, 2002 and, under its Plan of Reorganization (the “Plan”), its business purpose is limited to the orderly sale or run-off of all its remaining assets.
Operating Results: For the fiscal year ended September 30, 2009, the company reported net earnings of approximately $2,084,000, or $0.52 per common share (basic and diluted). The per share results for Comdisco are based on 4,029,055 shares of common stock outstanding on average during the 2009 fiscal year.
For the fiscal year ended September 30, 2009, total revenue decreased by 56 percent to $4,533,000. Net cash provided by operating activities was $7,889,000 for fiscal year ended September 30, 2009 compared to net cash provided by operating activities of $9,353,000 for the fiscal year ended September 30, 2008.
The $76,890,000 of total assets as of September 30, 2009 included $66,065,000 of unrestricted cash compared to $75,464,000 of total assets as of September 30, 2008 and $57,554,000 of unrestricted cash.
Tags: Comdisco, earnings, Financial, share
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