Crumbs Bake Shop, Inc. reported consolidated earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported net sales of $9,895,000 compared to $8,876,000 a year ago. Loss from operations was $2,076,000 compared to $1,543,000 a year ago. Loss before income tax benefit expense was $2,141,000 compared to $1,549,000 a year ago. Net loss attributable to stockholders was $1,275,000 or $0.23 per share diluted compared to $913,000 or $0.17 per share diluted a year ago. Adjusted EBITDA was $1,248,000 compared to $717,000 a year ago.

For the nine months, the company reported net sales of $32,253,000 compared to $28,889,000 a year ago. Loss from operations was $4,205,000 compared to $1,968,000 a year ago. Loss before income tax benefit expense was $4,311,000 compared to $1,987,000 a year ago. Net loss attributable to stockholders was $2,562,000 or $0.47 per share diluted compared to $1,170,000 or $0.21 per share diluted a year ago. Adjusted EBITDA was $1,883,000 compared to $110,000 a year ago.

The company projected total revenues of approximately $46.5 million and adjusted LBITDA of approximately $1.9 million for 2012.

For the fourth quarter, the company now anticipates total revenues to be approximately $2.0 million less than previously estimated, bringing total revenues closer to $44.5 million for 2012. This revision reflects the known and lingering effects of Hurricane Sandy, some delayed store openings and current business trends.

For 2013, the company reiterated its expectations total revenues of approximately $73.0 million and adjusted EBITDA of approximately $3.2 million.