Swisher Hygiene, Inc. (NASDAQ:SWSH) announced on Monday that its Q1 loss more than as its expenses rose. The hygiene and sanitation products as well as services firm had delayed filing several of its financial results as it seemed into likely accounting adjustments that may have been required.
Swisher Hygiene Inc.’s loss from ongoing operations was $13.3M for the three months ended March 31, 2012, or 8 cents a share. In the previous-year period, it lost $6M, or 5 cents a share.
Route surged over twofold to $10.6M, while selling, general and administrative costs over doubled to $30M. Total costs over doubled to $70.9M from $30.3M.
Revenue over doubled to $58.2M from $21.5B, buoyed by some acquisitions.
Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes Fidelity National Information Services (NYSE:FIS) up +1.06%, Visa Inc (NYSE:V) edged down -0.14%, Moody’s Corporation (NYSE:MCO) which also decrease -0.35% and Heartland Payment Systems, Inc. (NYSE:HPY) closed up +0.51%.
Swisher Hygiene, Inc. (NASDAQ:SWSH) stock’s trade at beginning with a price of $1.32 and in ongoing trading session climbed at a high of $1.33 other than after it traded declined -3.82% to $1.27.
The stock is going forward its 52 week low with +13.64% and lagging behind from its 52 week high price with -62.24%. SWSH last month stock price volatility remained 5.31%.
SWSH stock institutional ownership remained 25.05% while insider ownership included 0.33%. In its share capital SWSH has 175.16 million outstanding shares among them 114.62 million shares have been floated in market exchange.
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