According to the results, Hypercom’ s Q4 2010 non-GAAP gross profit was USD 48.8 million, compared to a reported USD 38.1 million in Q4 2009. Operating expenses for the three months ended 31 December 2010 were USD 40.4 million, compared to a the same interval in 2009, when it was worth USD 33.8 million.
Moreover, Hypercom’s Q4 2010 operating income was USD 7.7 million, compared to a reported USD 2.9 million in the same period in 2009. The company’s net income for the three months ended 31 December 2010 was USD 3.1 million or USD 0.05 per diluted share, compared to USD 0.6 million or USD 0.01 per diluted share in Q4 2009.
Furthermore, Hypercom’s Q4 2010 adjusted EBITDA (earnings before interest, taxes, depreciation, amortization) was USD 17.6 million, compared to a reported USD 9.2 million in Q4 2009.
As far as the financial results for the full year 2010 are concerned, Hypercom’s net revenues increased 15 percent from USD 406.9 million in 2009 to USD 468.4 million in 2010. The company’s 2010 adjusted EBITDA increased to USD 47.0 million from USD 27.5 million in 2009.
In recent news, Hypercom’s stockholders have approved the merger agreement with US based electronic payment services provider VeriFone.
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