Cadence Inc. announces record first half revenues

cadenceCadence, Inc. announced unaudited results for the first six months of 2014 including a 26 percent increase in revenue compared to 2013 to $33.6 million.

Net income and earnings per share increased 48% over prior year to $1.49 per share.  Earnings before interest, taxes, depreciation and amortization (EBITDA) were up 22% to $6.8 million.

“We have had three record revenue quarters in a row” said Ken Cleveland, CFO.  “All of our primary markets – medical device, diagnostics, and industrial are showing good growth so far this year.”

With the expiration of the R&D tax credit at the end of 2013, Cadence is accruing estimated taxes at a rate assuming the current tax laws remain in effect for all of 2014.  If the R&D tax credit were to be extended by Congress and reinstated to January 1, 2014, Cadence estimates its Earnings /share would be $.14/share higher in the first six months of the year.

uva basketball team of destiny
Team of Destiny: Inside Virginia Basketball’s Run to the 2019 National Championship, by Jerry Ratcliffe and Chris Graham, is now available at a special pre-sale discounted price of $20. The book is expected to ship by June 10, 2019, and will retail for $25.
Pre-order for $20: click here.

The book, with additional reporting by Zach Pereles, Scott Ratcliffe and Scott German, will take you from the aftermath of the stunning first-round loss to UMBC in 2018, and how coach Tony Bennett and his team used that loss as the source of strength, through to the ACC regular-season championship, the run to the Final Four, and the thrilling overtime win over Texas Tech to win the 2019 national title, the first in school history.
augusta free press

Related Content

Shop Google


%d bloggers like this: