Published:
Bonds.com Group, Inc. Provides Third Quarter 2009 Operational Update Across Key Business Metrics
Bonds.com Group, Inc. (the "Company")
(OTCBB: BDCG), through its subsidiary Bonds.com, Inc., provider of an
innovative comprehensive online trading platform providing execution,
liquidity and competitive pricing to the fragmented fixed income
marketplace, announced third quarter 2009 results across all key business
metrics.
The following data is unaudited and thus potentially subject to change.
Q2 2009 vs. Q3 2009 Results
Quarterly
Q2 2009** Q3 2009* Growth
------------- ------------- ----------
New Accounts 336 209 -38%
------------- ------------- ----------
Trades 3415 3392 -1%
------------- ------------- ----------
Revenue $ 1,103,321 $ 959,793 -13%
------------- ------------- ----------
Average Revenue per Trade $ 323 $ 283 -12%
------------- ------------- ----------
Average Size of Trade 101,808 120,844 19%
------------- ------------- ----------
Number of Bonds Traded 347,675,478 409,903,000 18%
------------- ------------- ----------
Quarterly Comparison (Q3 2008 - Q3 2009)
Quarterly
Compounding
Q3 2008** Q4 2008** Q1 2009** Q2 2009** Q3 2009* Growth
--------- --------- --------- ----------- --------- --------
Trades 1101 1660 2328 3415 3392 32%
--------- --------- --------- ----------- --------- --------
Revenue $ 181,125 $ 577,569 $ 941,303 $ 1,103,321 $ 959,793 52%
--------- --------- --------- ----------- --------- --------
New Accounts 179 357 241 336 209 4%
--------- --------- --------- ----------- --------- --------
October 2009
October 2009*
-------------
Trades 1277
-------------
Revenue $ 530,847
-------------
Total Bonds Traded $ 304,714,304
-------------
Commenting on the third quarter results, Christopher Loughlin, the
Company's Chief Operating Officer stated: "The Company continues to perform
well despite the uncertain global economic situation. The past Quarter
witnessed not only the continued growth in the number of new customer
accounts opened, but also an impressive increase in the average trade size
and total number of bonds traded. While Quarter 3 results indicated a
contraction in certain key metrics compared against Quarter 2 results, such
declines were anticipated due to the typical seasonal drop in trading
activity that occurs during the summer months. Overall, Quarter 3 results
generally out performed management's internal forecasting and management
believes that the Company is on a good track toward continued growth as the
Company expands its sales force and executes its business plan."
About Bonds.com Group, Inc.
Bonds.com Group, Inc. (OTCBB: BDCG), through its subsidiary Bonds.com,
Inc., serves institutional Fixed Income investors by providing a
comprehensive zero subscription fee online trading platform. The company
designed the BondStation platform to provide liquidity and competitive
pricing to the fragmented Over-The-Counter (OTC) fixed income marketplace.
The company differentiates itself by offering through its broker dealer
Bonds.com, Inc., an inventory of over 35,000 fixed income securities from
more than 175+ competing dealers, as well as market research, investor
tools, bond education and an interactive website experience. Asset classes
currently offered on the BondStation Fixed Income trading platform include
municipal bonds, corporate bonds, agency bonds, MBS, Structured Products,
Emerging Market Debt, Certificates of Deposit (CDs) and U.S. Treasuries.
With unmatched marketability of the domain name www.bonds.com commitment to
key advertising initiatives, experienced management team and seasoned
account managers, Bonds.com, Inc. is poised to redefine the $29 trillion
Fixed Income marketplace.
Bonds.com Investor Relations Website:
http://ir.bonds.com
FORWARD-LOOKING STATEMENTS
The information contained herein includes forward-looking statements. These
statements relate to future events or to our future financial performance,
and involve known and unknown risks, uncertainties and other factors that
may cause our actual results, levels of activity, performance, or
achievements to be materially different from any future results, levels of
activity, performance or achievements expressed or implied by these
forward-looking statements. You should not place undue reliance on
forward-looking statements since they involve known and unknown risks,
uncertainties and other factors which are, in some cases, beyond our
control and which could, and likely will, materially affect actual results,
levels of activity, performance or achievements. Any forward-looking
statement reflects our current views with respect to future events and is
subject to these and other risks, uncertainties and assumptions relating to
our operations, results of operations, growth strategy and liquidity. We
assume no obligation to publicly update or revise
* Q3 2009 and October 2009 data are unaudited results and subject to
adjustment based upon review and audit.
** Q2 2009, Q1 2009, Q4 2008 and Q3 2008 are based upon data provided by
the Company in its applicable 10Q and/or 10K as filed with the Securities
and Exchange Commission and may differ from results previously provided by
the Company in its press releases and/or Current Reports reported on Form
8K. To the extent such differences exist, they are a result of normal
quarterly reviews and/or annual audits by the Company's auditors.
All data provided herein is presented based upon the settlement date on
which a particular trade occurs and rounded to the nearest dollar.
Copyright © 2009, MarketWire
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