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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Tier Reit, Inc. | NYSE:TIER | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 28.88 | 0 | 01:00:00 |
Delaware
(State or Other Jurisdiction of
Incorporation)
|
000-23195
(Commission
File Number)
|
94-3145844
(IRS Employer Identification No.)
|
11130 Sunrise Valley Drive, Suite 300
Reston, Virginia
(Address of Principal Executive Offices)
|
20191
(Zip Code)
|
|
Registrant's telephone number, including area code:
571-382-1000
|
||
Not Applicable
------------------------------------------------------------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
|
o
|
Written communication pursuant to Rule 425 under the Securities act (17 CFR 230.425)
|
o
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
o
|
Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Continuing Operations
|
||||||||||||||||
Three months ended March 31,
|
||||||||||||||||
2011
|
2010
|
Change ($)
|
Change (%)
|
|||||||||||||
Revenue
|
$ | 30,266 | $ | 30,674 | $ | (408 | ) | (1.3 | )% | |||||||
Less:
|
||||||||||||||||
Wind-down revenue
|
362 | 689 | (327 | ) | (47.5 | )% | ||||||||||
EPS Gross Revenue
|
29,904 | 29,985 | (81 | ) | (0.3 | )% | ||||||||||
Less:
|
||||||||||||||||
EPS Discount Fees
|
21,842 | 20,580 | 1,262 | 6.1 | % | |||||||||||
EPS Net Revenue
|
$ | 8,062 | $ | 9,405 | $ | (1,343 | ) | (14.3 | )% |
Continuing Operations
|
||||||||||||
Three months ended March 31,
|
||||||||||||
2011
|
2010
|
Change
|
||||||||||
Net Loss from Continuing Operations
|
$ | (1,372 | ) | $ | (809 | ) | $ | (563 | ) | |||
Adjustments:
|
||||||||||||
Depreciation/Amortization
|
1,806 | 1,635 | 171 | |||||||||
Stock/Cash based Comp
|
(1,434 | ) | 572 | (2,006 | ) | |||||||
Taxes
|
(187 | ) | (145 | ) | (42 | ) | ||||||
Less:
|
||||||||||||
Interest income, net
|
19 | 173 | (154 | ) | ||||||||
Adjusted EBITDA from Continuing Operations
|
$ | (1,206 | ) | $ | 1,080 | $ | (2,286 | ) |
Continuing Operations
|
EPS
|
Wind-down
|
||||||||||||||||||||||||||||||||||
Three months ended March 31,
|
Three months ended March 31,
|
Three months ended March 31,
|
||||||||||||||||||||||||||||||||||
2011
|
2010
|
Change
|
2011
|
2010
|
Change
|
2011
|
2010
|
Change
|
||||||||||||||||||||||||||||
Net Loss from Continuing Operations
|
$ | (1,372 | ) | $ | (809 | ) | $ | (563 | ) | $ | ( 1,655 | ) | $ | (779 | ) | $ | (876 | ) | $ | 283 | $ | (30 | ) | $ | 313 | |||||||||||
Adjustments:
|
||||||||||||||||||||||||||||||||||||
Depreciation/Amortization
|
1,806 | 1,635 | 171 | 1,806 | 1,329 | 477 | — | 306 | (306 | ) | ||||||||||||||||||||||||||
Stock/Cash based Comp
|
(1,434 | ) | 572 | (2,006 | ) | (1,434 | ) | 572 | (2,006 | ) | — | — | — | |||||||||||||||||||||||
Taxes
|
(187 | ) | (145 | ) | (42 | ) | (187 | ) | (145 | ) | (42 | ) | — | — | — | |||||||||||||||||||||
Less:
|
||||||||||||||||||||||||||||||||||||
Interest income, net
|
19 | 173 | (154 | ) | 19 | 173 | (154 | ) | — | — | — | |||||||||||||||||||||||||
Adjusted EBITDA from Continuing Operations
|
$ | (1,206 | ) | $ | 1,080 | $ | (2,286 | ) | $ | (1,489 | ) | $ | 804 | $ | (2,293 | ) | $ | 283 | $ | 276 | $ | 7 |
Exhibit No.
|
Description
|
99.1
|
Press release titled “Tier Reports Fiscal 2011 Second Quarter Results,” issued by the Company on May 9, 2011.
|
99.2
|
Script for May 10, 2011 earnings conference call.
|
99.3
|
Slide presentation for May 10, 2011 earnings conference call.
|
TIER TECHNOLOGIES, INC.
|
||
By:
|
/s/ John Guszak
|
|
Name:
|
John Guszak
|
|
Title:
|
Interim Principal Financial and Accounting Officer
|
|
Date: May 9, 2011
|
Exhibit Index
|
Exhibit No.
|
Description
|
99.1
|
Press release titled “Tier Reports Fiscal 2011 Second Quarter Results,” issued by the Company on May 9, 2011.
|
99.2
|
Script for May 10, 2011 earnings conference call.
|
99.3
|
Slide presentation for May 10, 2011 earnings conference call.
|
1 Year Tier Reit Inc. Chart |
1 Month Tier Reit Inc. Chart |
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