Local news

Earnings report: Ambassadors Group

Stock symbol:

EPAX

Reporting period:

1Q

Earnings:

Loss of $7.6 million

(45 cents per share)

Versus 1Q 2013:

Loss of $8.1 million

(47 cents per share)

Revenue:

$1.6 million

Analysis:

Revenues fell by 46 percent compared to the first quarter of 2013 as the number of travelers in the company’s programs fell from 572 to 183 as families withdraw from travels because of personal finances. The company plans to cut costs by as much as $4 million this year to protect profitability.



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