PCI/Gazelles High Growth Index Reports 8% Loss for November
Index decline seen for second consecutive period while the overall YTD performance remains healthy.
Chicago, IL, January 02, 2009 --(PR.com)-- For the second consecutive month, the index that tracks the revenue of a select list of private companies in North America reflects the economic downturn.
The Entrex PCI/Gazelles Index, which tracks the revenue performance of a 10-company subset of the overall Entrex Private Company Index (PCI), closed 8 percent down based on analysis of November over October revenue data. Specifically, the index marked 1,339 on Nov. 30 which is 118 points lower than its October close of 1,457.
Even with the two consecutive months of decline, the Index does show YTD growth of 23 percent—interestingly the exact same growth percentage as the overall PCI. Meaning that, thus far in 2008, this group of high-growth companies has not out-performed an aggregate of their larger peer group.
The last annual period measured for this PCI/Gazelles group of companies, 2007 over 2006, indicated 43 percent growth in revenues during the twelve month period.
Analysts found it difficult to specify why this select group of companies is seeing a slower pace of growth this year, other than to point to the general financial and economic conditions in which companies are operating during 2008.
They explained that Index data shows that the specific companies displaying periodic decline vary from month to month. Because of this inconsistency, the analysis team is unable to point to one or two companies or industry sectors that are affecting the totals.
An idea they can support is that it is clear these ten companies, overall, are experiencing a more volatile year in terms of the trends in monthly revenues and that the noted declines in Q4 are unexpected based on past seasonal performance analysis.
The PCI/Gazelles Index is sponsored by Entrex, a Chicago-based company that works with companies and accredited/institutional investors to provide efficient licensing, origination, servicing, reporting, rating and trading of entrepreneurial company financial instruments, in partnership with Gazelles, an executive education and coaching firm.
About Entrex/PCI Gazelles Index:
Published monthly, the Entrex PCI/Gazelles Index tracks the revenue performance of a 10-company subset of the overall Entrex Private Company Index (PCI). The 10 participating companies represent the PCI’s top growth firms from the previous year (as measured by year over year revenue) and focuses on the sector of private companies up to $250 million in annual revenue. (www.privatecompanyindex.com) Co-sponsor, Gazelles, is the premier executive education & coaching for leaders of mid-size firms (30 to 2000 employees) around the globe. www.gazelles.com.
PCI firms represent the sector of companies that now have a world-class marketplace for financial transactions based on Entrex TIGRcubs™.
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The Entrex PCI/Gazelles Index, which tracks the revenue performance of a 10-company subset of the overall Entrex Private Company Index (PCI), closed 8 percent down based on analysis of November over October revenue data. Specifically, the index marked 1,339 on Nov. 30 which is 118 points lower than its October close of 1,457.
Even with the two consecutive months of decline, the Index does show YTD growth of 23 percent—interestingly the exact same growth percentage as the overall PCI. Meaning that, thus far in 2008, this group of high-growth companies has not out-performed an aggregate of their larger peer group.
The last annual period measured for this PCI/Gazelles group of companies, 2007 over 2006, indicated 43 percent growth in revenues during the twelve month period.
Analysts found it difficult to specify why this select group of companies is seeing a slower pace of growth this year, other than to point to the general financial and economic conditions in which companies are operating during 2008.
They explained that Index data shows that the specific companies displaying periodic decline vary from month to month. Because of this inconsistency, the analysis team is unable to point to one or two companies or industry sectors that are affecting the totals.
An idea they can support is that it is clear these ten companies, overall, are experiencing a more volatile year in terms of the trends in monthly revenues and that the noted declines in Q4 are unexpected based on past seasonal performance analysis.
The PCI/Gazelles Index is sponsored by Entrex, a Chicago-based company that works with companies and accredited/institutional investors to provide efficient licensing, origination, servicing, reporting, rating and trading of entrepreneurial company financial instruments, in partnership with Gazelles, an executive education and coaching firm.
About Entrex/PCI Gazelles Index:
Published monthly, the Entrex PCI/Gazelles Index tracks the revenue performance of a 10-company subset of the overall Entrex Private Company Index (PCI). The 10 participating companies represent the PCI’s top growth firms from the previous year (as measured by year over year revenue) and focuses on the sector of private companies up to $250 million in annual revenue. (www.privatecompanyindex.com) Co-sponsor, Gazelles, is the premier executive education & coaching for leaders of mid-size firms (30 to 2000 employees) around the globe. www.gazelles.com.
PCI firms represent the sector of companies that now have a world-class marketplace for financial transactions based on Entrex TIGRcubs™.
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Contact
Entrex/Private Company Index
Erika Conefry
877-436-8739
www.entrex.net
Erika Conefry
877-436-8739
www.entrex.net
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