TMNG » Topics » ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

This excerpt taken from the TMNG 8-K filed Nov 14, 2007.

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On November 12, 2007, The Management Network Group, Inc. announced its results of operations and financial condition for the third quarter which ended September 29, 2007. The public announcement was made by means of a press release, the text of which is set forth in Exhibit 99.1 hereto.

In connection with the November 12, 2007 press release, we held a conference call with investors as described in the press release. In addition to the information in the press release, the following information was discussed on the call:

 

o

Days sales outstanding (DSO) were under 50 days at September 29, 2007

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Top five and top ten customer concentrations were 60.7% and 78.8%, respectively

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Five new customers were added during the quarter

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Revenue per full-time equivalent employee (FTE) was approximately $360,000 in third quarter 2007

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Utilization for third quarter 2007 was 85%

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There were 268 employees at September 29, 2007

 

The information in this Item 2.02, and Exhibit 99.1 to this Current Report on Form 8-K, shall not be deemed “filed” for the purposes of or otherwise subject to the liabilities under Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Unless expressly incorporated into a filing of TMNG under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act made after the date hereof, the information contained in this Item 2.02 and Exhibit 99.1 hereto shall not be incorporated by reference into any filing of TMNG, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

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