Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Computing
Conference & Expo
November 2-4, 2009 NYC
Register Today and SAVE !..

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
SYS-CON.TV
LuxeYard Reports Third Quarter 2012 Results
-Decrease in operating expenses with focus on profitable divisions moving forward-

LOS ANGELES, Nov. 20, 2012 /PRNewswire/ -- Luxury style and living flash sale online retailer, LuxeYard, Inc., (OTCQB: LUXR)reported its results for the third quarter ended September 30, 2012, detailing a move towards greater operational efficiencies. 

(Logo: http://photos.prnewswire.com/prnh/20120423/LA92040LOGO)

"LuxeYard's third quarter was pivotal for our future development," said LuxeYard, Inc. COO Jerry Wilkerson.  "After evaluating the operating metrics of the company's numerous divisions, we have been able to refocus our efforts on those verticals which are both profitable and consistent with our core strengths. LuxeYard is dedicated to reducing our operational burn while increasing internal efficiencies to boost revenue, margins, and shareholder value."

Third Quarter 2012 Financial Results and Fourth Quarter 2012 Outlook

Total revenue for the third quarter was $574,381, a decrease of 19% from the prior quarter, due to the termination of our Management Service Agreements with Jaxon International, LLC and Ferris Holdings Co.  Total Operating expenses were $3,247,076 million in Q3, compared to $7,622,999 in Q2, due primarily to decreased SG&A costs, which included expenses related to: payroll, advertising, and decreases in the fair market value of stock issued for services provided by various vendors.  Additionally, the Company recognized $6.05 million in gains on derivatives, triggered by a decrease in the market value of its common shares, as required by GAAP.  Giving effect to these items, net income was $3.59 million, equal to $(0.04) per diluted share.

The Company's third quarter 2012 was focused on improving internal efficiencies to reduce operational burn, while continuing to provide customers with access to a deep product-mix and a robust shopping experience.  To this end, the Company enacted the following changes to further increase profitability:

  • Reduced its workforce to decrease payroll liability
  • Appointment of Amir Mireskandari (Chairman of LuxeYard, Inc. Board of Directors) as interim CEO
  • Appointment of two new members to the Board of Directors
  • Termination of Management Service Agreements, and related acquisition plans of unprofitable entities
  • Shifting focus to Home Furnishings, Decor, Accessories, and Art
  • Increasing product offerings within the home vertical by combining static categories and flash sale events
  • Removal of membership requirement for retail consumer purchases
  • Developing a high-end, private label LY Brand line of upholstery items to supplement the product-mix
  • Expanding TradeYardUSA.com (B2B division) and the TradeYard brand

"We are confident LuxeYard will continue to attract customer sales within a saturated landscape by offering retail consumers high-quality, customizable items at competitive prices, along with our standard flash-sale events" added LuxeYard, Inc. COO Jerry Wilkerson. "Moreover, we are also excited about expanding the company's B2B division, TradeYard, which has positioned itself as the first to market provider of on-trend container goods to regional brick-and-mortar home furnishing stores and national ecommerce providers alike."

ABOUT LUXEYARD, INC.
LuxeYard is an e-commerce website for luxury home furnishings and decor that offers access to unique products sourced from an experienced team at prices up to 70 percent off retail. LuxeYard is the pioneer of Concierge Buying, which gives members the power to determine the items sold on the site, and Group Buy that allows them to lower the price by sharing sale items with friends. With a veteran retail, e-commerce and digital marketing management team, LuxeYard partners with trendsetters and industry insiders to deliver interactivity and content on its pages. Please visit www.luxeyard.com for more information.

Forward-Looking Statements
This press release contains forward-looking statements regarding LuxeYard, which involve risks and uncertainties, and actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include, but are not limited to, the factors included under the heading "Risk Factors" on Form S-1/A, filed with the Securities and Exchange Commission on September 21, 2012, a copy of which may be obtained by visiting the SEC's web site at www.sec.gov. LuxeYard's actual results could differ materially from those predicted or implied and reported results should not be considered as an indication of future performance.

Investors can register to receive news releases by visiting: http://www.luxeyard.com/investors/signup.php.

Investors:
American Capital Ventures
1 888 670 8494
info@amcapventures.com

Media:
1 888 500 5893
info@luxeyard.com

SOURCE LuxeYard, Inc.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

SOA World Latest Stories
Whether you're a startup or a 100 year old enterprise, the Internet of Things offers a variety of new capabilities for your business. IoT style solutions can help you get closer your customers, launch new product lines and take over an industry. Some companies are dipping their toes in...
The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is ob...
The Domain Name Service (DNS) is one of the most important components in networking infrastructure, enabling users and services to access applications by translating URLs (names) into IP addresses (numbers). Because every icon and URL and all embedded content on a website requires a DN...
The cloud provides an easy onramp to building and deploying Big Data solutions. Transitioning from initial deployment to large-scale, highly performant operations may not be as easy. In his session at 15th Cloud Expo, Harold Hannon, Sr. Software Architect at SoftLayer, will discuss the...
DevOps Summit at Cloud Expo Silicon Valley announced today a limited time free "Expo Plus" registration option. On site registration price of $1,95 will be set to 'free' for delegates who register during this offer perios. To take advantage of this opportunity, attendees can use the co...
When one expects instantaneous response from video generated on the internet, lots of invisible problems have to be overcome. In his session at 6th Big Data Expo®, Tom Paquin, EVP and Chief Technology Officer at OnLive, to discuss how to overcome these problems. A Silicon Valley v...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021


SYS-CON Featured Whitepapers
ADS BY GOOGLE