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Alright...try to get a few more..and lets continue to post there...thanks for your reply and have a nice eve my friend
too many things to worry about...but not this. If the company continues to grow well and it is reflected in a stable pps of lets say $1.50 in 2 years, then ECIG could do a small RS from 8:1, uplist starting at $12...and even if they would subsequently loose lets say 50% then the uplist would be still solid and they can grow from $8 to wherever :)
a comprehensive financial (incl. Balance Sheet/Income Statement/Cash Flow Statement) overview:
https://online.capitalcube.com/#!/stock/us/us-otc/drnk/financials/income-statement
Michelle???? I thought no functioning contact with comp. right now???
Hey stock...quick question: the "coal" board is completely abandoned (even though there are some good developments)...are you still in that ticker???
Here we're looking good despite the anticipation of a potential hurdle through the at some point finalized FDA regulations (which might or not be "adjusted" from its harsh stance/phrasing)
Indeed: Todays Stock Focus is Progressive Care Inc (OTCMKTS:RXMD)
By Daniel McCarthy on November 15, 2015 Media & Technology, Micro Cap Insider
Progressive Care Inc (OTCMKTS:RXMD) continues to trade big volume and make moves to the upside in recent trading after the Company announced four consecutive quarters of profitability.
While this stock still remains quite unknown RXMD is quickly gaining the attention of a growing shareholder base who swears this one goes much higher. Everyone knows just how explosive these OTC sub penny pharmacy plays can be.
Progressive Care Inc (OTCMKTS:RXMD) operates through its subsidiary PharmCo, LLC as a brick and mortar South Florida provider of prescription pharmaceuticals. The Company specializes in health practice risk management, the sale of anti-retroviral medications and related medication therapy management, the sale and rental of durable medical equipment (“DME”) and the supply of prescription medications to long term care facilities.
In April RXMD released its annual report today recording over $11 million in sales revenue for fiscal year 2014. Progressive Care reported a net revenue increase of 20.74% for the year ended December 31, 2014 as compared to year ended December 31, 2013, from approximately 9.33 million to approximately $11.27 million.
Prescription counts for the year were over 140,000, a 33% increase over 2013 totals (approx. 105,000) and record for the company. Pharmacy revenues represented approximately 98% of total revenues for the year ended December 31, 2014 and 91% of total revenues for the year ended December 31, 2013. DME revenues represented 2% of total revenues in 2014 and 9% in 2013. Despite the loss in DME revenue, the Company’s sales continued to rise throughout the year due to strong marketing efforts, a switch to 90-day supplies of medications, and a new focus on compounding medications.
Net loss from continuing operations before income taxes decreased 30% for the year ended December 31, 2014 as compared to the year ended December 31, 2013, from approximately $.61 million to approximately $0.43 million.
“Last year was a successful year for the company and we accomplished many of our goals. We were able to adapt and retool quickly in response to changes in our industry and we began the process of eliminated debt and strengthening our balance sheet. We will continue to improve and believe that 2015 will be another remarkable year for the Progressive Care and our shareholders,” stated Shital Parikh Mars, COO.
I like to have these guys here now...got used to it and balances the over-optimistic posters...i'm on board but I honestly cannot advise newbies with DRNK...the ping pong posts here, however, promote the appropriate awareness to do DD first and mediate intriguing aspects as well as concerning features...hey, its the OTC
mid next year the latest we all will know...it hinges on what happens with the "asia expansion" and if US sales pick up...even if, then management cannot continue to disappear...I will just tune in once a week to observe the ongoing experiment...
Expansions/Distribution Agreements/E-Commerce + The Real Story of NoHo (Microcap daily)
RECENT PARTNERSHIPS:
SCOTTSDALE, AZ, Oct. 30, 2015 /PRNewswire/ - Scottsdale, AZ based beverage company NOHO, Inc. (OTC: DRNK) has entered into an exclusive distribution agreement with TDG Brands, Inc. for distribution of NOHO "The Hangover Defense" 2 oz. shots in all flavors.
"TDG Brands services over 48,000 stores in the domestic U.S. The 5 year exclusive U.S. distribution agreement between NOHO, Inc. and TDG Brands, Inc. guarantees NOHO, Inc. $2,500,000 for the first year of the agreement. NOHO, Inc. will still retain the worldwide rights to distribute its NOHO 2 oz. shot. TDG will be responsible for all slotting and marketing costs of the distributed NOHO products throughout the term of the agreement.
SCOTTSDALE, AZ, Aug. 12, 2015 NOHO, INC. (OTC Symbol: DRNK) has begun production on its first production run of NOHO Gold, The Premium Lifestyle beverage, for the South Korean market.
SCOTTSDALE, AZ, June 23, 2015 /PRNewswire/ - Scottsdale, AZ based company NOHO, Inc. (OTC Symbol: DRNK) is excited to announce the availability of NOHO's Hangover Defense 2 oz. shots in over 500 7-Eleven locations throughout Hong Kong.
SCOTTSDALE, AZ, April 7, 2015 /PRNewswire/ - Scottsdale, AZ based company NOHO Inc. (DRNK) announced today that they have signed a distribution deal with A.R. Artemis Import and Distribution, Inc., a subsidiary of Wissotzky Tea, to distribute NOHO beverages throughout Israel. Wissotzky Tea is based in Israel with offices in London and the United States of America.
ONLINE SALES:
Always in stock now (before often on backorder): NoHo on AMAZON under Grocery & Gourmet Food or Health & Personal Care (nice 24 pack price) or on EBAY (low shipping for 6 packs)
The Real Story on NOHO Inc.
BY DANIEL MCCARTHY ON NOVEMBER 3, 2015MICRO CAP INSIDER, SMALL CAPS
NOHO Inc (OTCMKTS:DRNK) continues to wallow away in sub penny land on light volume in recent weeks.
Back in June the Company said its NOHO Gold beverage has won Gold at the prestigious SIP awards for the second year in a row.
On June 15th, the Spirits International Prestige (SIP) Awards awarded NOHO, Inc. a Gold medal in taste and quality for NOHO’s premium lifestyle 8.4 oz. beverage, NOHO Gold, at the 2015 award ceremony. Along with the Gold medal, NOHO also won a Consumers’ Choice Award for being awarded a Gold medal two years in a row. The SIP Awards is an international competition of spirits and mixers that is judged by consumers. This years contest had over 400 products in the competition. The blind taste test gives competing brands an opportunity to distinguish themselves based solely on taste and quality, which allows up and coming brands to compete on a level playing field with brands that have already been well established.
Beverage stocks with big stories are the most explosive of them all and DRNK has plenty to go around; new CEO is Jay Grdina ex-husband of Jenna Jameson who used to be Senior Vice President of Playboy.
Jay Grdina is proving himself as a master at attracting serious media attention for NOHO ”the hangover defense” shot which has appeared in Bloomberg News, CNBC, Fox Carolina, US Weekly, People Magazine, OK Magazine, Phoenix Business Journal, Vegas Magazine, USA Today, Hot Mixology and many others.
NOHO Inc (OTCMKTS:DRNK) bills itself as a ”Premium and Functional Lifestyle Beverage Brand” NOHO “The Hangover Defense” 2 oz. shot and NOHO “Premium Lifestyle Beverage” Gold 8.4 oz. can, are category leaders and changing how consumers support their active and social lifestyles.
The NOHO 2 oz. shot is the #1 selling hangover prevention shot on the market that helps you love your body by protecting it from the adverse effects of alcohol. NOHO comes in the form of a two shot combination, one shot to be taken prior to your first alcoholic beverage and one after your last, and is packed with essential nutrients and vitamins, and NO energy components making it just as healthy as it is reliable.
NOHO was developed by world class pharmacist David Gelardi and works on the backend of having a hangover. it fortifies the body with all the vitamins and minerals and nutrients it needs to metabolize the alcohol and break it down in the system
NOHO pre louds your system, called prehab and boost your system up with the vitamins and nutrients you need. Sodium is added which helps the body to retain water to prevent dehydration. Prickly pear is added to flush the toxins out of the liver and Ginger is added to coat the stomach.
NOHO has quickly established national and international distribution with distributers such as Bonanza Beverage, Glazer’s, Core-Mark, McLane and Savannah Distributing and is currently selling in all 50 states as well as in Ireland, Germany, Australia, United Kingdom, Spain, Mexico, Austria, Sweden with many more countries lined up for distribution deals
Distributed in fine company:
thank YOU
Why to invest in RXMD (compilation of posts by EBW31, stockforce, jasonstocktrader, times2times2)
Positive updates expected in the next weeks; each of which will drive the pps: i) Update on 3(a)(10) Transaction; ii) 340B business update; iii) regular monthly prescription sales and profitability updates; iv) debt pay off
Headlines:
Progressive Care: PharmCo, LLC Delivers Fourth Consecutive Quarter of ProfitabilityMarketwired(Tue, Nov 10)
Progressive Care's Strong Third Quarter Brings Revenues to $10 MillionMarketwired(Tue, Oct 13)
Progressive Care Issues Update on 3(a)(10) TransactionMarketwired(Wed, Sep 16)
Progressive Care Continues Record Breaking Run in AugustMarketwired(Thu, Sep 10)
PROGRESSIVE CARE INC. FinancialsEDGAR Online Financials(Thu, Sep 3)
Progressive Care Announces Record Prescription Sales for July 2015Marketwired(Wed, Aug 19)
Analyst Coverage Initiated on Progressive Care, Inc. (RXMD) with Speculative Buy Rating Following Recent Earnings AnnouncementPR Newswire(Wed, Aug 12)
Progressive Care Achieves Operating Profits After Record Sales QuarterMarketwired(Thu, Aug 6)
Progressive Care Enters $10 Billion 340B MarketMarketwired(Mon, Jul 20)
Progressive Care Sets New Sales Record During Second Quarter 2015Marketwired(Thu, Jul 9)
Reasons Why to Invest in RXMD
1. Through the first nine months of 2015 PharmCo, LLC has recorded nearly $350,000 in net income.
2. RXMD Achieves Operating Profits after Record Sales Quarter
3. 4 Quarters of Profitability!!!
4. Eliminated Approximately $1.7 Million in Debt from the Balance Sheet
5. Increased filled prescriptions counts to 20,000 per month
6. The total number of shares that have been issued and outstanding as of November 10, 2015 is 306,068,329
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7. Due to dramatic increases in demand, PharmCo initiated plans to expand the pharmacy this quarter. The facility currently fills approximately 50,000 prescriptions per quarter with minimal square footage devoted to compounding and long term care operations. The expansion plans would nearly double the amount of general filling space plus expand the compounding department. The company also is in the process of choosing and purchasing a robotic dispensing system. This system will allow PharmCo to tremendously increase production and save on labor cost. To take advantage of its marketing capabilities the company plans to expand to Palm Beach County. PharmCo expects the expansion to produce numerous positive results including improvements to efficiency and capacity as well as increased revenues
Excerpts from ECIG's expansions/developments/Q3 financial review:
VIP Kiosk Program Continues to ExpandGOLDEN, COLORADO, November 11, 2015 – Electronic Cigarettes International Group, Ltd. (The “Company”) (OTCBB: ECIG) today announced after securing an additional 26 new kiosks in the third quarter of 2015, which included the opening of four new blending boutiques, VIP just confirmed the opening on December 5th of three new locations in Westfield
Electronic Cigarettes International Group Strengthens Balance Sheet with $18.0 Million Financing from a Current InvestorGOLDEN, COLORADO, November 2, 2015 – Electronic Cigarettes International Group, Ltd. (The “Company”) (OTCBB: ECIG) today announced that on October 30, 2015 it completed an $18.0 million term loan financing with one of the Company’s long term investors. The new capital allows the Company to retire subordinate convertible debt, repay loans with interest...
Electronic Cigarettes International Group Further Expands FIN Advanced Vaping System Distribution in USGOLDEN, COLORADO, October 28, 2015 – Electronic Cigarettes International Group, Ltd. (The “Company”) (OTCBB: ECIG) today announced it has expanded the FIN Advanced Vaping System (AVS) distribution in response to continued strong customer demand across the United States. Regarded as the most convenient, user-friendly vaping solution in the market, the FIN...
Electronic Cigarettes International Group Hires Kate Anseth as Senior Director Supply ChainGOLDEN, COLORADO, October 13, 2015 – Electronic Cigarettes International Group, Ltd. (The “Company”) (OTCBB: ECIG) has hired Kate Anseth as Senior Director Supply Chain, and she will join the Company on October 19, 2015. Ms. Anseth has 17 years of experience in the areas of production planning, order fulfillment and supply chain management in the consumer...
Electronic Cigarettes International Group Expands FIN Advanced Vaping System Product Line Following Initial Success in USGRAND RAPIDS, MICHIGAN, October 8, 2015 – Electronic Cigarettes International Group, Ltd. (The “Company”) (OTCBB: ECIG) today announced it has expanded the FIN Advanced Vaping System (AVS) product line in response to strong customer demand across the United States. ECIG is adding 10 new refills in various flavors and strengths, bringing the total number...
Electronic Cigarettes International Group’s UK VIP Expansion Bolstered by Report from Public Health England: E- Cigarettes are 95% Less Harmful Than Normal CigarettesGRAND RAPIDS, MICHIGAN, September 21, 2015 – Electronic Cigarettes International Group, Ltd. (The “Company”) (OTCBB: ECIG) today commented on a recent study published in a report from Public Health England. “The timing of the report could not have been better for the VIP brand as we aggressively expand our Kiosk operations which focus on 1 on 1...
ELECTRONIC CIGARETTES INTERNATIONAL GROUP OPENS 100TH KIOSK IN UKGRAND RAPIDS, MICHIGAN, September 15, 2015 – Electronic Cigarettes International Group, Ltd. (The “Company”) (OTCBB: ECIG) today announced that its VIP brand continues ?the rapid expansion of its award winning kiosk program with the opening of the 100th directly owned unit on September 9th. The brand which began the year with 53 owned and operated outlets...
VAPESTICK BRAND LAUNCHED IN UNITED STATES THROUGH TRADITIONAL RETAIL OUTLETS BY ELECTRONIC CIGARETTES INTERNATIONAL GROUPGRAND RAPIDS, MICHIGAN, August 20, 2015 – Electronic Cigarettes International Group, Ltd. (The “Company”) (OTCBB: ECIG) today announced that its VAPESTICK brand is being launched into 200 traditional small retail stores in the Northeast region of the US. The test will be supported with marketing and promotional programs designed to optimize in-store...
Third Quarter Financial Review
• Net sales increased 28% sequentially from $12.0 million to $15.4 million reflecting the impact of the company’s turnaround program. On a constant currency basis, third quarter 2015 net sales increased 25% sequentially.
• Net sales were $15.4 million compared with $15.9 million in the third quarter of 2014. Net sales in the third quarter of 2015 were reduced by $0.7 million due to the negative impact of foreign currency exchange.
• Gross profit increased 49% sequentially from $6.2 million to $9.3 million, reflecting an increase in gross margin of 8%.
• Net income for the third quarter of 2015 was $9.2 million, or $0.09 per diluted share.
• Adjusted EBITDA was negative $0.7 million compared to adjusted EBITDA for the second quarter of 2015 of negative $1.2 million, a 42% sequential improvement in adjusted EBITDA, and negative $10.4 million in the year ago period.
Financial Review For The Nine Months Ended September 30, 2015
• Net sales for the first nine months of 2015 were $38.5 million, an increase of $7.2 million, or 23%, compared with $31.3 million in the same period of 2014.
• The net loss for the first nine months of 2015 was $15.5 million, or $0.30 per diluted share, compared with a net loss of $43.1 million, or a loss of $8.87 per share, in the same period of 2014.
• Adjusted EBITDA was negative $6.7 million compared to adjusted EBITDA for the first nine months of 2014 of negative $18.6 million, an improvement of $11.9 million.
Dan O’Neill, Chief Executive Officer of Electronic Cigarettes International Group, Ltd, commented, “The results of the overall business continue to improve, driven by the relentless focus and commitment of the new management team to enhance the base fundamentals of the company. At this time I do not foresee any reason that this improvement should not continue in the near future. Additionally, following the previously announced strategic review, the company has identified numerous opportunities and remains well-positioned to grow profitability.”
“The company has continued to strengthen its balance sheet with the recent $18 million Term Debt financing, proceeds from which were used to pay off the $4.5 million balance on the company’s working capital line of credit, the settlement of $6.2 million of Accounts Payable for $4.1 million and to retire the remaining toxic convertible debt,” said Phil Anderson, Chief Financial Officer of Electronic Cigarettes International Group, Ltd.
Average weekly coal commodity spot prices slowly recovering:
(dollars per short ton)
Week
Ended Central
Appalachia
12,500 Btu,
1.2 SO2 Northern
Appalachia
13,000 Btu,
<3.0 SO2 Illinois Basin
11,800 Btu,
5.0 SO2 Powder
River Basin
8,800 Btu,
0.8 SO2 Uinta Basin
11,700 Btu,
0.8 SO2
9-Oct-15 $48.15 $51.10 $32.75 $11.55 $40.05
16-Oct-15 $49.00 $52.00 $32.75 $11.55 $40.55
23-Oct-15 $49.00 $52.00 $32.75 $11.55 $40.55
30-Oct-15 $49.00 $52.00 $32.75 $11.55 $40.55
6-Nov-15 $49.00 $52.00 $32.75 $11.55 $40.55
correct...but without news no upward movement and shrinking volume...the last two news were followed instantly by dilution as if timed purposely...that is not encouraging new investors at all
the rule...meaning packaging only??? The big problems would arise with other things. I am really not up to date...so if you could explain I would appreciate
The delay could take much longer (amendmends; youth risks, uncoupling it from tobacco)...the result could be immediately downing 90% of small ecig manufacturers stock by 90%....ECIG IS well positioned but the expected FDA response could also down ECIG pps by 50% temporarily even though shares are locked or through longs (even on this boars we hold some 20M shares) quasi-locked, i GUESS THATS WHY THE mmS PLAY THE SHORT GAME sinceotherwise at this volume they only make peanuts
thanks...Mr. Oneil explined why ecig would be well positioned...but is the FDA update expected now (I haven't heard or it escaped me}?
hello dudeness...could you please explain why you think so? tx
much appreciated...have a great weekend
I can see who stickied them and one could write them on whatever board they are posting (yet, this is not really along the guidelines).
Even if a mod only posts one message every once in a blue moon he/she won't be removed and his sticky could be 2 years old. Good luck
For now you could combine all you think is important (EBW31 post I stickied) in one message (can we also copy paste pics?) and even during the week I could sticky that within 24 hrs the latest???!
no..thats the problem...a mod can only remove his own sticky. Also, writing the administrators will get just the answer that mods inactive over 3 months will get a warning...but we cannot remove them or their stickies...you could try to write an administrator, too. Also please try to apply as moderator...you might be put on a waiting list but it appears to have the excisting inactive ones reviewed (I did that on another board and here and after 2 weeks the list changed and incl. me)
looks like only 3 of 6 mods are active...choosing which post to sticky is nerve wrecking so one solution would be to copy important stuff from various posts into one new message, give it a nice headline and sticky it all together (the obvious downfall is that the original authors would not show up but the "combiner")???!.
In this context...where are the MODS that can sticky the new stuff, such as the pics???????
Correct....I am not as blessed with recources like some other longs here. Yet, I purchased some 400k more shares the last three days to a total of 2.2M.....the reason was not to so much to hold some more, but to give me room to flip some should I get "weak" at higher pps, yet still not to touch a core of 1.5M.
In other words: if you guys with 5-12M shares each and other longs which together might hold some 150M of the eventual 300M OS, eventually flip some shares then still a third easily of the OS would be locked at higher pps.
Specifically, what is?
lets for now just hold the 0.3s for two weeks...unless a bunch of serious analysts suggest this as an opportunity not much can move the pps...institutional investors won't come now and positive PRs don't create enough interest, either. Of course you could explain why you say 2 weeks.
of course at minimum (I just wanted to avoid an outcry here)...one could easily multiply the current annual revs ~55M by four to a market cap of 220M and accordingly get to a pps equivalent of over 2 dollars
yes the MM grip...there is no realistic pps...the market cap should be right now ~60M at least, so that alone should make it 80 cents...if you can ave down under that on the medium term you have good chances to see/get green without flips
ok...lets see what surprises await us (ep NR) or until end of feb the latest (..eg Q4/EOY ER)
well...i live off my account and don't know how to continue without a boost here (or on RXMD)...its getting too tight and too slow despite good will and DD
hi Cuin...seriously, we might have to wait yet another 3 months until the next chance unfolds for the pps to reflect the real value of ECIG..hate to say it
the wall (~100k shares, ask 0.315) is still up....nothing big to be expected for friday...guess the 3s will stand, though
At least they couldn't get it lower...similar for TTRADE: 726,850(16:05:09 PM)$ .0073
adtf build an ask-wall at 1:48...trying to create cabin fever and take the last steam out thats left after the Q3 & news....will "we" cooperate?
Excerpts from ECIG's expansions/developments/Q3 financial review:
VIP Kiosk Program Continues to ExpandGOLDEN, COLORADO, November 11, 2015 – Electronic Cigarettes International Group, Ltd. (The “Company”) (OTCBB: ECIG) today announced after securing an additional 26 new kiosks in the third quarter of 2015, which included the opening of four new blending boutiques, VIP just confirmed the opening on December 5th of three new locations in Westfield
Electronic Cigarettes International Group Strengthens Balance Sheet with $18.0 Million Financing from a Current InvestorGOLDEN, COLORADO, November 2, 2015 – Electronic Cigarettes International Group, Ltd. (The “Company”) (OTCBB: ECIG) today announced that on October 30, 2015 it completed an $18.0 million term loan financing with one of the Company’s long term investors. The new capital allows the Company to retire subordinate convertible debt, repay loans with interest...
Electronic Cigarettes International Group Further Expands FIN Advanced Vaping System Distribution in USGOLDEN, COLORADO, October 28, 2015 – Electronic Cigarettes International Group, Ltd. (The “Company”) (OTCBB: ECIG) today announced it has expanded the FIN Advanced Vaping System (AVS) distribution in response to continued strong customer demand across the United States. Regarded as the most convenient, user-friendly vaping solution in the market, the FIN...
Electronic Cigarettes International Group Hires Kate Anseth as Senior Director Supply ChainGOLDEN, COLORADO, October 13, 2015 – Electronic Cigarettes International Group, Ltd. (The “Company”) (OTCBB: ECIG) has hired Kate Anseth as Senior Director Supply Chain, and she will join the Company on October 19, 2015. Ms. Anseth has 17 years of experience in the areas of production planning, order fulfillment and supply chain management in the consumer...
Electronic Cigarettes International Group Expands FIN Advanced Vaping System Product Line Following Initial Success in USGRAND RAPIDS, MICHIGAN, October 8, 2015 – Electronic Cigarettes International Group, Ltd. (The “Company”) (OTCBB: ECIG) today announced it has expanded the FIN Advanced Vaping System (AVS) product line in response to strong customer demand across the United States. ECIG is adding 10 new refills in various flavors and strengths, bringing the total number...
Electronic Cigarettes International Group’s UK VIP Expansion Bolstered by Report from Public Health England: E- Cigarettes are 95% Less Harmful Than Normal CigarettesGRAND RAPIDS, MICHIGAN, September 21, 2015 – Electronic Cigarettes International Group, Ltd. (The “Company”) (OTCBB: ECIG) today commented on a recent study published in a report from Public Health England. “The timing of the report could not have been better for the VIP brand as we aggressively expand our Kiosk operations which focus on 1 on 1...
ELECTRONIC CIGARETTES INTERNATIONAL GROUP OPENS 100TH KIOSK IN UKGRAND RAPIDS, MICHIGAN, September 15, 2015 – Electronic Cigarettes International Group, Ltd. (The “Company”) (OTCBB: ECIG) today announced that its VIP brand continues ?the rapid expansion of its award winning kiosk program with the opening of the 100th directly owned unit on September 9th. The brand which began the year with 53 owned and operated outlets...
VAPESTICK BRAND LAUNCHED IN UNITED STATES THROUGH TRADITIONAL RETAIL OUTLETS BY ELECTRONIC CIGARETTES INTERNATIONAL GROUPGRAND RAPIDS, MICHIGAN, August 20, 2015 – Electronic Cigarettes International Group, Ltd. (The “Company”) (OTCBB: ECIG) today announced that its VAPESTICK brand is being launched into 200 traditional small retail stores in the Northeast region of the US. The test will be supported with marketing and promotional programs designed to optimize in-store...
Third Quarter Financial Review
• Net sales increased 28% sequentially from $12.0 million to $15.4 million reflecting the impact of the company’s turnaround program. On a constant currency basis, third quarter 2015 net sales increased 25% sequentially.
• Net sales were $15.4 million compared with $15.9 million in the third quarter of 2014. Net sales in the third quarter of 2015 were reduced by $0.7 million due to the negative impact of foreign currency exchange.
• Gross profit increased 49% sequentially from $6.2 million to $9.3 million, reflecting an increase in gross margin of 8%.
• Net income for the third quarter of 2015 was $9.2 million, or $0.09 per diluted share.
• Adjusted EBITDA was negative $0.7 million compared to adjusted EBITDA for the second quarter of 2015 of negative $1.2 million, a 42% sequential improvement in adjusted EBITDA, and negative $10.4 million in the year ago period.
Financial Review For The Nine Months Ended September 30, 2015
• Net sales for the first nine months of 2015 were $38.5 million, an increase of $7.2 million, or 23%, compared with $31.3 million in the same period of 2014.
• The net loss for the first nine months of 2015 was $15.5 million, or $0.30 per diluted share, compared with a net loss of $43.1 million, or a loss of $8.87 per share, in the same period of 2014.
• Adjusted EBITDA was negative $6.7 million compared to adjusted EBITDA for the first nine months of 2014 of negative $18.6 million, an improvement of $11.9 million.
Dan O’Neill, Chief Executive Officer of Electronic Cigarettes International Group, Ltd, commented, “The results of the overall business continue to improve, driven by the relentless focus and commitment of the new management team to enhance the base fundamentals of the company. At this time I do not foresee any reason that this improvement should not continue in the near future. Additionally, following the previously announced strategic review, the company has identified numerous opportunities and remains well-positioned to grow profitability.”
“The company has continued to strengthen its balance sheet with the recent $18 million Term Debt financing, proceeds from which were used to pay off the $4.5 million balance on the company’s working capital line of credit, the settlement of $6.2 million of Accounts Payable for $4.1 million and to retire the remaining toxic convertible debt,” said Phil Anderson, Chief Financial Officer of Electronic Cigarettes International Group, Ltd.
right today !!!(there were, however, 7 releases sice mid october and the pps still does not show correlation)
asia will make a revenue impact in 3-6months...as long as the company is able and willing to keep the pps stable and become financially transparent soon
asia will make a revenue impact in 3-6months...as long as the company is able and willing to keep the pps stable and become financially transparent soon
don't count the norwegians and russians out
Excerpts from Zacks: Brokerages Give $0.61 Consensus Price Target to Alpha Natural Resources (NASDAQ:ANRZQ)
http://www.wkrb13.com/markets/877659/zacks-brokerages-give-0-61-consensus-price-target-to-alpha-natural-resources-nasdaqanrzq/
Posted by Scott Davis on Oct 29th, 2015 /
Analysts have set a one year consensus price objective of $0.61 for the company and are anticipating that the company will post ($0.78) earnings per share for the current quarter, according to Zacks. Zacks has also given Alpha Natural Resources an industry rank of 169 out of 265 based on the ratings given to related companies.