PLANTATION, FL, August 16, 2010 - Dreams, Inc. (NYSE Amex: DRJ) announced its financial results for the second quarter and six months ended June 30, 2010.
Three months ended June 30, 2010
Revenues - For the quarter ended June 30, 2010, revenues were up 18.0% to $14.4 million, compared to $12.2 million generated in the same period last year.
EBITDA* - For the quarter ended June 30, 2010, earnings before interest, taxes, depreciation and amortization were a loss of $1.1 million, a slight improvement from $1.13 million in EBITDA losses for the same period in 2009.
Net ? For the quarter ended June 30, 2010, net losses were $1.17 million versus $1.1 million in net losses for the same period in 2009. The Company incurred increased interest expense for the period of $414,000, versus $197,000 last year.
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