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Daily Journal Corp Company profile

About Daily Journal Corporation

Daily Journal Corporation publishes newspapers and Websites reporting California and Arizona news and produces several specialized information services. The Company operates through two segments: Traditional Business and Journal Technologies. Its Traditional Business segment include newspapers and related online publications, The Daily Journals, Daily Commerce, The Daily Recorder, The Inter-City Express, San Jose Post-Record, Orange County Reporter, The Daily Transcript, The Daily Transcript, The Record Reporter and Information Services. The Company operates Journal Technologies segment through its segment, Journal Technologies, Inc. The segment supplies case management software systems and related products to courts, prosecutor and public defender offices, probation departments and other justice agencies, including administrative law organizations, city and county governments and bar associations. The Company operates in United States (California, Arizona and Utah) and Australia.

Financial summary

BRIEF: For the three months ended 31 December 2021, Daily Journal Corporation revenues increased 11% to $11.5M. Net income decreased 88% to $6.9M. Revenues reflect Journal Technology Companies segment increase of 15% to $8M, Traditional Business segment increase of 1% to $3.6M. Net income was offset by Traditional Business segment income decrease of 8% to $506K. Basic Earnings per Share excluding Extraordinary Items decreased from $42.93 to $4.98.

Equity composition

Common Stock $.01 Par, 12/10, 5M auth., 1,380,746 issd., less 0 shs. in Treas. @ cost. Insiders control approx. 44.33%. Stock issued 1/86, per liquidating distribution of New America Fund, Inc. Basis: 1-for-1. 39.2