SureTrader SureTrader
Home > Boards > US Listed > Miscellaneous >

DGSE Companies Inc. (DGSE)

DGSE RSS Feed
Add DGSE Price Alert      Hide Sticky   Hide Intro
Moderator:
Search This Board:
Last Post: 12/19/2015 10:50:38 AM - Followers: 11 - Board type: Free - Posts Today: 0

Company Contact

Web Address:
http://www.dgse.com/

DGSE Companies, Inc. (DGSE) buys and sells jewelry, bullion products and rare coins. The Company's customers include individual consumer, dealers and institutions throughout the United States. In addition, DGSE makes collateralized loans to individuals in the State of Texas. The Company's products and services are marketed through its facilities in Dallas and Euless, Texas; Mt. Pleasant, South Carolina; Woodland Hills, California, and through its Internet Websites DGSE.com, CGDEinc.com, SGBH.com, SuperiorPreciousMetals.com, SuperiorEstateBuyers.com, USBullionExchange.com, Americangoldandsilverexchange.com and FairchildWatches.com. The Company operates eight primary Internet sites and approximately 900 related landing sites on the World Wide Web.

Company Contact
Headquarters: 11311 Reeder Road
Dallas, TX 75229

 

CONSOLIDATED BALANCE SHEETS

 
   
September
2009
   
December 31,
2008
 
   
Unaudited
       
             
ASSETS
           
Current Assets:
           
    Cash and cash equivalents                                                                            
  $ 1,186,204     $ 244,429  
    Trade receivables                                                                            
    1,409,770       2,326,337  
    Inventories                                                                            
    15,603,916       16,052,833  
    Prepaid expenses                                                                            
    561,838       533,318  
    Prepaid federal income tax                                                                            
    544,769       639,372  
    Current assets of discontinued operations                                                                            
    —0—       900,306  
                Total current assets                                                                            
    19,306,497       20,696,595  
                 
Property and equipment, net                                                                            
    4,920,153       4,868,306  
Deferred income taxes                                                                            
    1,887,994       1,908,032  
Goodwill                                                                            
    837,117       837,117  
Intangible assets                                                                            
    2,464,006       2,492,673  
Other assets                                                                            
    285,093       235,917  
Non-current assets of discontinued operations
    305,275       305,275  
    $ 30,006,135     $ 31,343,915  
                 
LIABILITIES
               
Current Liabilities:
               
    Notes payable                                                                            
  $ 44,971     $ 191,078  
    Current maturities of long-term debt                                                                            
    328,162       599,972  
    Line of credit                                                                            
    3,195,000       3,595,000  
    Accounts payable – trade                                                                            
    252,879       734,906  
    Accrued expenses                                                                            
    239,846       647,536  
    Customer deposits                                                                            
    461,456       1,230,991  
    Current liabilities of discontinued operations
    —0—       33,144  
                Total current liabilities                                                                            
    4,522,314       7,032,627  
                 
Long-term debt, less current maturities                                                                            
    11,651,387       11,715,765  
      16,173,701       18,748,392  
                 
STOCKHOLDERS’ EQUITY
               
Common stock, $.01 par value; 30,000,000 shares authorized; 9,833,635 and 9,833,635 shares issued and outstanding at the end of each period in 2009 and 2008, respectively
      98,337         98,337  
Additional paid-in capital                                                                            
    18,589,812       18,541,662  
Retained deficit                                                                            
    (4,855,715 )     (6,044,476 )
      13,832,434       12,595,523  
                 
    $ 30,006,135     $ 31,343,915  

 


 
 

 

DGSE Companies, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF OPERATIONS
   
Nine months ended September 30,
 
   
2009
   
2008
 
   
Unaudited
 
Revenue
           
     Sales
  $ 63,254,038     $ 80,249,402  
                 
Costs and expenses
               
    Cost of goods sold
    53,677,847       70,461,581  
    Selling, general and administrative expenses
    6,770,875       7,507,411  
    Depreciation and amortization
    196,145       197,445  
      60,644,867       78,166,437  
                 
Operating income
    2,609,171       2,082,965  
                 
Other expense (income)
               
    Other income
          (11,635 )
    Interest expense
    608,241       511,127  
                 
Earnings before income taxes
    2,000,930       1,583,473  
                 
Income tax expense
    430,385       444,346  
                 
Net earnings from continuing operations
    1,570,545       1,139,127  
                 
Discontinued operations:
               
    Loss from discontinued operations (less applicable income tax (benefit) of ($180,552) and $36,930, respectively)
    (381,784 )     (6,162 )
                 
                Net earnings
  $ 1,188,761       1,132,965  
                 
Earnings per common share – basic
               
                 
      From continuing operations
  $ 0.16     $ 0.11  
      From discontinued operations
  $ (0.04 )   $ (0.00 )
                Net earnings per common share
  $ 0.12     $ 0.11  
Earnings per common share – diluted
               
                 
      From continuing operations
  $ 0.16     $ 0.12  
      From discontinued operations
  $ (0.04 )   $ (0.01 )
                Net earnings per common share
  $ 0.12     $ 0.11  
                 
Weighted average number of common shares
               
   Basic
    9,833,635       9,498,729  
   Diluted
    9,833,635       10,344,363  

 


 
 


DGSE Companies, Inc. and Subsidiaries

 
CONSOLIDATED STATEMENTS OF OPERATIONS

 
   
Three months ended September
 
   
2009
   
2008
 
   
Unaudited
 
Revenue
           
  Sales
    16,280,397       23,491,946  
                 
      16,280,397       23,491,946  
                 
Costs and expenses
               
    Cost of goods sold
    13,286,097       20,417,850  
    Selling, general and administrative expenses
    2,185,049       2,530,171  
    Depreciation and amortization
    78,463       65,812  
      15,549,609       23,013,833  
                 
Operating income
    730,788       478,113  
                 
Other expense (income)
               
    Other income
          ———  
    Interest expense
    223,685       165,491  
                 
Earnings before income taxes
    507,103       312,622  
                 
Income tax expense
    197,202       111,229  
                 
Net earnings from continuing operations
    309,901       201,393  
                 
Discontinued operations:
               
    Income from discontinued operations (less applicable income tax of $13,647 and $36,930, respectively)
    (40,160 )     (35,607 )
                 
                Net earnings
  $ 269,741     $ 165,786  
                 
Earnings per common share – basic and diluted
               
                 
      From continuing operations
  $ 0.03     $ 0.02  
      From discontinued operations
  $ 0.00     $ 0.02  
                Net earnings per common share
  $ 0.03     $ 0.02  
                 
Weighted average number of common shares
               
   Basic
    9,833,635       9,498,729  
   Diluted
    9,833,635       10,344,363  

 


 
 


DGSE COMPANIES, Inc. and Subsidiaries

 
CONSOLIDATED STATEMENTS OF CASH FLOWS

 
   
Nine months ended September
 
   
2009
   
2008
 
 
 
Unaudited
 
Cash flows from operating activities  
     
             
 Net earnings
  $ 1,188,761     $ 1,132,965  
 Adjustments to reconcile net earnings to net cash provided by operating activities
               
      Depreciation and amortization
    196,145       281,654  
      Deferred income taxes
    20,038       88,074  
      Gain on marketable securities
          41,237  
      Loss on discontinued operations
    (381,784 )      
 (Increase) decrease in operating assets and liabilities
               
      Trade receivables
    916,567       253,500  
      Inventories
    448,917       (2,123,751 )
      Prepaid expenses and other current assets
    ( 28,520 )     (263,925 )
      Accounts payable and accrued expenses
    (992,151 )     799,884  
      Customer deposits
    (769,535 )     258,895  
      Federal income taxes payable
    94,603       116,133  
      Other assets
    (49,176 )     17,822  
Net cash provided by operating activities
    643,865       1,136,814  
Cash flows from investing activities
               
      Pawn loans made
          (954,746 )
      Pawn loans repaid
          463,188  
      Recovery of pawn loan principal through sale of forfeited collateral
          471,701  
      Proceeds from sale of discontinued operations
    1,324,450        
      Purchase of property and equipment
    (290,352 )     (901,871 )
Merger cost paid
            (61,699 )
Net cash provided by (used in) investing activities
    1,034,098       (983,497 )
Cash flows from financing activities
               
Proceeds from line of credit
          2,150,000  
Payments of capital lease
           
Repayments of notes payable
    (736,188 )     (905,352 )
            Net cash provided by (used in) financing activities
    (736,188 )     1,244,648  
                 
NET INCREASE IN CASH AND CASH EQUIVALENTS
    941,775       1,397,965  
Cash and cash equivalents at beginning of period
    244,429       536,548  
Cash and cash equivalents at end of period
  $ 1,186,204     $ 1,943,513  

 

Company Events Get Company Events for:
 
 
UPCOMING EVENTS  
 
Date Event Reminder
29-Mar-10 Earnings announcement Set a Reminder
 
RECENT EVENTS  
 
Date Event
16-Feb-10 DGSE COMPANIES INC Files SEC form 10-Q/A, Quarterly Report
5-Feb-10 DGSE COMPANIES INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Other Events, Financial Statements
2-Feb-10 DGSE COMPANIES INC Files SEC form 10-Q/A, Quarterly Report
2-Feb-10 DGSE COMPANIES INC Files SEC form 10-K/A, Annual Report
29-Jan-10 DGSE COMPANIES INC Files SEC form 10-Q/A, Quarterly Report
29-Jan-10 DGSE COMPANIES INC Files SEC form 10-K/A, Annual Report
16-Nov-09 DGSE COMPANIES INC Files SEC form 10-Q, Quarterly Report
14-Aug-09 DGSE COMPANIES INC Files SEC form 10-Q, Quarterly Report

 
 
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
DGSE
Current Price
Volume:
Bid Ask Day's Range
SureTrader
DGSE News: Current Report Filing (8-k) 11/14/2016 04:56:48 PM
DGSE News: Quarterly Report (10-q) 11/14/2016 04:09:39 PM
DGSE News: DGSE Companies, Inc. Reports Third Quarter 2016 Results 11/14/2016 04:01:00 PM
DGSE News: DGSE Companies, Inc. to Report 2016 Third Quarter Results on November 14, 2016 11/09/2016 04:13:00 PM
DGSE News: Proxy Statement (definitive) (def 14a) 11/01/2016 01:34:59 PM
PostSubject
#62   Wonder how the season sales are looking? straightarrow 12/19/15 10:50:38 AM
#61   Will there online sales impact NILE? straightarrow 11/06/15 12:11:19 PM
#60   New York--Retail sales during the holiday season are straightarrow 11/05/15 11:15:30 AM
#59   The company seems to be pushing in the straightarrow 11/05/15 10:39:35 AM
#58   I think the new management team will pull trough straightarrow 11/04/15 04:47:33 PM
#57   Nabil Lopez appointment good choice for CFO replacement straightarrow 11/02/15 01:52:37 PM
#56   Looking forward to see what the new board massad 10/30/15 02:41:07 PM
#55   That's a long Sch13 starbuxsux 09/16/15 02:34:05 PM
#54   Former Vice Pres to Goldman Sachs...huge news, and vlispxpert 09/14/15 04:01:16 PM
#53   watching for volume Roy London 09/14/15 05:55:07 AM
#52   thanx for invite/ mick 09/13/15 10:21:02 PM
#51   DGSE Appointed New CEO - Matthew M. Peakes $$$TOCK 007 09/11/15 03:51:50 PM
#50   $DGSE recent news/filings stocktrademan 07/06/15 12:07:21 PM
#49   RSI says bounce. Lot of open gaps that willlbone 05/28/15 06:22:45 PM
#48   Going to get a delisting warning at this willlbone 05/27/15 11:25:39 AM
#47   DOGS are barking. willlbone 05/14/15 03:33:26 PM
#46   This appears to be moving.IHUB chart is incorrect. paulscary 03/09/15 11:17:01 AM
#45   A/C Line beginning to curl up...Nice Sibware 10/01/14 09:44:26 PM
#44   DGSE: SEC Charges Former CFO of Dallas-Based Jewelry Renee 05/28/14 09:10:38 AM
#43   $DGSE 2.80 ,35 stores rolling out 90 day momentum74 08/21/13 10:08:29 AM
#42   Links DGSE 2.64 insider buy , CC call, momentum74 08/21/13 12:52:37 AM
#41   World Gold Council link. Coin/Bullion demand increasing. Macro momentum74 08/17/13 02:25:53 AM
#40   Links $DGSE 2.34 low price to sales ratio momentum74 08/02/13 02:40:38 PM
#39   Links.$DGSE $2.23 Bounce trade/Value stock ,float 4 million momentum74 07/26/13 06:41:19 AM
#38   <<< $DGSE Links! >>> ~ MAC's Quick DD Penny Roger$ 04/17/12 01:45:17 AM
#37   ~ Monday! $DGSE ~ Q1 Earnings posted, pending Penny Roger$ 04/17/12 01:44:45 AM
#36   DGSE DALLAS--(BUSINESS WIRE)-- DGSE Companies, Inc. (NYSE Amex: swanlinbar 11/16/10 02:03:17 PM
#35   DGSE insiders still buying,a very good sign imho swanlinbar 11/04/10 02:30:35 PM
#34   DGSE.. $2.75.. 10 bagger 05/17/10 11:58:02 PM
#33   DGSE..$2.50 I can't say that I have any opinion 10 bagger 04/06/10 01:53:38 PM
#32   dear mr hanks 10 bagger lilliancap 04/06/10 01:04:34 PM
#31   DGSE.. $2.15 10 bagger 03/21/10 04:38:20 PM
#30   Good post, I agree with your thoughts though littlefish 03/12/10 01:24:16 AM
#29   DGSE..$2.30 DGSE looks much higher as the latest news 10 bagger 03/09/10 12:04:25 PM
#27   this is a thorough and outstanding reply, informative winslowhomer 03/07/10 07:35:32 PM
#26   DGSE..$2.24.. As I posted if I sold out the 10 bagger 03/06/10 03:51:30 PM
#25   excuse me mr hank winslowhomer 03/05/10 06:18:38 PM
#24   DGSE..$2.10.. Getting interesting and now have few shares left.. 10 bagger 03/03/10 11:53:27 AM
#23   DGSE.. $1.84 10 bagger 03/01/10 03:52:41 PM
#22   DGSE.. $1.58 10 bagger 02/10/10 04:05:57 PM
#21   I was the small open buy yesterday and littlefish 02/09/10 12:30:52 PM
#20   I think Stanford was legitimate way back when gilead23 02/08/10 11:42:52 AM
#19   DGSE.. $1.50 10 bagger 02/08/10 11:40:10 AM
#18   I think what they said was they were gilead23 02/08/10 11:20:01 AM
#17   DGSE..$1.50 No It's not me.. I have been trying 10 bagger 02/08/10 11:09:07 AM
#16   Picked up 1500 this morning figuring the resolution gilead23 02/08/10 10:49:53 AM
#15   Jan. 16, 2006, 9:54 a.m. EST · Recommend 10 bagger 02/08/10 10:46:02 AM
#13   Form 8-K for DGSE COMPANIES INC 10 bagger 02/08/10 10:32:10 AM
#12   DGSE..$1.50 DGSE Companies, Inc. Executes Definitive Agreements to Acquire 10 bagger 02/08/10 09:55:03 AM
#11   DGSE.. $1.425 10 bagger 02/05/10 11:54:59 PM
PostSubject