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Annual report out.
Third year in a row with net income!
Nice volume this morning.
Thank you for your response on todays actions.
When I got home from work, I saw the Q, and was excited to look up the stock price, only to look at it and be surprised.
Wow, I feel smarter just from reading this post.
I have been in this stock years, and definitely like your enthusiasm. Thank you for your insight.
Just curious how did you come up with those numbers, and if they are close, how do you think the stock will react? TIA
I was gonna ask when the Q was gonna be out? You beat me to it. I like your over all thoughts on your numbers.
No volume or interest right now.
Hopefully soon.
Me too!
So far, we have had a good winter, its only been wet. And yes with the Replublicans gaining more control, I am also hoping to see the Coal industry come back. The last 4 years has been tough on our industry.
Happy Thanksgiving to everyone.
Very imformative post, thank you. I never worked around the manufactoring industry, and have never attended a convention. So your input is very helpful. Unfortunately, in my younger days I did leave a little more in Las Vegas than I wanted to. Guess the ole saying should be "money taken to Vegas, stays in Vegas".
Philltee
I can read that release either way, so I am not sure if they just attended, or went to set up a booth, but I appreciate you pointing that release out to me. For some reason the alert my son set up for me, didn't work. I hadn't saw it yet, thanks.
As for the PR company, I feel differently than you, I think they must be promoting it behind the scenes. And grabbing new investors. Almost every day there are sells on TXHG, but yet it hardly ever goes down in price. To me that means for every one selling, there are new buyers, or at least buyers. I think its a great job they are doing.
Yes they have only put out 2 news releases, but really what else could they put out? TXHG sells mining supplies, its not one of the most glamorous companies to write about.
What Vegas trip?
Sorry guys for the over sized, extra large print in the ibox. My son was over for dinner, and I was showing him this board, and he was making fun of how large the print was on the shareholder letter that I copied and pasted. He then showed me how to make it smaller.
Philltee, I wasn't able to make it on the call, as we had doctor appointments. (Growing old stinks) How many was on the call? I noticed only three people asked questions at the end.
Yes this quarter wasn't quite what some wanted, but I am sure not gonna throw them under the bus and give up. From listening to the call a couple more times, I still get the feeling that things are just getting started. Building an inventory is one of the things I feel most important when dealing with these mining companies. From my experience with dealing with some of the mines around here, their loyalty is extremely small. And what I mean by that is if the mining company calls TX Holdings and says I need 30 kegs/barrels of 4" bolts, and they say sorry we only have 25 kegs/barrels, many times that guy on the phone will end the call, and call his next supplier. When they want or need something they want it now. I am not saying that is whay TXHG lost some accounts, but I would guess that is one reason they are building their inventory.
Many new companies come in my area and think they can sell mining supplies, but without an inventory they come and then they go.
I also really liked the little comments about working on some potential bids, I could hear some excitment in "Buck's" voice there.
But maybe these are just my old senial thoughts about the phone call.
After just listening to the complete conference call, I feel very good about my investment. In the last 3 years look how much things have changed.
The number to call in and listen to the recording of the call, is 888-203-1112 and use the passcode of 6808599. If you didn't get to call in, you should its about 15-20 minutes and well worth the listen.
With five consecutive profitable quarters, we reported an increase in net income of 107% for the most recent quarter ended March 31, 2014. Revenue for the quarter was $1,206,567 representing a 26.5% increase over the first quarter of 2013, and income from operations rose by 25.8%.
Kaad, you are right! I didn't see that last night. Thank you, that is great news!
Fellow Shareholders:
I am pleased to report that we believe our company is making significant progress on all fronts and is well-positioned to grow our revenues and market share.
With five consecutive profitable quarters, we reported an increase in net income of 107% for the most recent quarter ended March 31, 2014. Revenue for the quarter was $1,206,567 representing a 26.5% increase over the first quarter of 2013, and income from operations rose by 25.8%.
As previously reported, we successfully restructured our debt position with a view to improving our cash flows and reducing our short-term indebtedness. Additionally, as of September 30, 2014, we had a tax loss carry forward of $7,250,000 which will be of benefit as we move forward.
On February 25, 2014, I demonstrated my unwavering commitment to the company by restructuring $2 million in debt and accrued interest, consolidating all notes previously issued to me and $385,846 in advances as of January 31, 2014, into a single note. The new consolidated note bears interest at the rate of 5% per annum, except that if the prime rate of interest as reported by the Wall Street Journal exceeds 5%, then the new note will bear interest at the prime rate reported by the Wall Street Journal. The prior notes bore interest at the rates of 10% and 5% while the advances were non-interest bearing. The new note is for a term of ten years from the date of issuance while the prior notes or advances were due on demand. In addition, I agreed to waive prior defaults under the terms of the prior notes and released the company from any future claims for defaults under the prior notes. Finally, the note is to be secured by a $2 million key man insurance policy that the company has been purchased and which will provide for the repayment of the principal amount of the note in the event of a tragedy.
For more information about, and a more detailed description of, the above matters, please refer to the Forms 8-K we filed with the Securities and Exchange Commission on February 28, 2014 and April 28, 2014, which we believe demonstrate that TX Holdings' has a bright future. These filings may be easily accessed over the internet via our website at www.txholdings.com or via the SEC's Edgar database.
We believe our vendor relationships are solid. We provide very high quality products at the lowest possible cost due to these long-standing alliances. In addition to our vendor relationships, we believe we have forged many long-term relationships with our customers. Our salesmen visit every customer on a regular basis and maintain contact via e-mails and direct phone calls. We believe our customer service is superior in an industry that demands a high level of customer service.
In view of what we have accomplished over the last couple of years, I believe the company has a strong story to tell -- one we contend will be very attractive to the investment community and our shareholders.
In the coming months, I am planning to meet with members of the investment community in a series of road shows with a view to conveying our compelling story. In fact, we have exhibited success in the small market share we have infiltrated to date, of this large industry, leaving the company plenty of room for growth.
In order to help our stockholders and ensure that you receive company information on a current basis, please join our e-mail list by emailing us at - txinfo@txholdings.com.
We believe we have overcome significant obstacles and are forging ahead to fulfill our strategic objective of holding a leadership position in the industry.
You should expect to hear more from us on a regular basis.
Thank you for your continued support.
Sincerely,
William "Buck" Shrewsbury
Chairman & CEO
Forward-Looking and Cautionary Statements
Except for historical information and discussions contained herein, statements contained in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (PSLRA) and other applicable law. These statements involve a number of risks, uncertainties and factors discussed in our Quarterly Reports on Form 10-Q, our Annual Reports on Form 10-K, and in our other filings with the SEC or in materials incorporated therein by reference. Any forward-looking statement in this report speaks only as of the date on which it is made. We assume no obligation to update or revise any forward-looking statement. Notwithstanding the above, Section 27A of the Securities Act of 1933, as amended, and Section 21 E of the Securities Exchange Act of 1934, as amended, expressly state that the safe harbor for forwarding looking statements does not apply to companies that issue penny stocks. Because we may from time to time be considered an issuer of penny stock, the safe harbor for forward looking statements under the PSLRA may not be applicable to us at certain times.
Can you post it on here? I am not able to find it. Thanks
I agree about the current price looks cheap. I can remember back about two years ago I thought .04 was cheap. I look forward to seeing what my friends will say when TXHG reaches .50. I never could convince them to take the "risk" of buying a penny stock.
I sure like your enthusiasm Philltee. I for one am curious as to the trading friday. I would like to buy some more shares, (although the ole lady would kill me) but thanks to this whole obummercare there is not much money left at the end of a month.
Definately great news that the lawsuit is over. Another step in the right direction to a cleaner company.
Last year TX didn't have this problem, we had a fairly mild winter last year. Our local news is stating this winter could be the worst in 50-70 years. So I don't feel selling mining supplies would normally be affected by seasonality. This is just a harsh year.
I have not been able to look at the report yet, but I will answer your question on the weather. As I have stated I am in West Virginia surrounded by some of the mines that TX supplies. Today I have read one report that all 55 counties in the state has closed their school due to inclimate weather. We are looking at -30 degrees with the wind chill, and a possible 3-6 inches more of snow tonight. Currently we only have 3-4 inches on the ground. It has been our coldest winter in many years(my wife says its time to move to Florida).
Now about holidays, yes that does play a factor in mining. They are a community, or a family of workers. They do take their vacation time very serious. Their vacation time, is time they have with their families away from work. Remember these guys work a very dangerous job, and they all know any day they go down that shaft, they might not get to come back up alive. So family time is very important.
I also know there are some mines that will shut down their whole opperation for 2 weeks at a time. Only the security guards are working. And yes Thanksgiving, Christmas, and New Years are very big holidays that would prevent some vendors from being able to sell.
I guess its time to stoke the fire, before the old lady gripes that its getting cold in here.
Not only touched a new 52 week high, but then we closed at a new 52 week high. Things are looking good.
Another good volume day. And a new 52 week high. Things are not only looking up, but prices are going up too.
Philltee,
I went ahead and changed the Ibox to show the latest press release. My wife always tells me I am not real creative, so if you want to change it around some that is fine. I just put the main points from the release.
On another note, sure was nice to see some good volume today, with movement closer to a new 52 week high.
Wishing everyone a Happy and Prosperous New Year.
I know I am a little late, the weather has been a little "white" around here, and as I get older, it takes longer to remove. I sure am looking forward to spring.
Merry Christmas
I won't be turning my computer on tomorrow, but I wanted to take a minute to say Merry Christmas to each and everyones family.
Another great report!
I haven't had time to read it all yet, but so far I am very happy. Good job to the TXHG team!
Happy Thanksgiving!
Anyone notice the filings posted on Nov. 20th? I added up totals and not only is Buck(CEO) turning this company around, he also has been steadily purchasing the stock. Over the past three years, all buys and no sells. Looks like almost 2 million shares. Pretty impressive to me!
Philltee, about the year end, I also look forward to it, and hope we are able to file on time this year. I am looking forward to printing it off and showing some friends that, OTCBB stocks aren't always a bad investment. That some of them truly are just a start-up company.
Again, Happy Thanksgiving, make sure to take some time to remember all we that have to be thankful for!
Yes I like how you put it, this stock is gearing up nicely. Also like you said this report will be the annual, which should be nice. Since buying TXHG, I have looked into other OTCBB companies, and it is really rare to find a company that is fully reporting with the SEC. (Not to mention, profitable)
With that being said, I couldn't find another stock, with the same oppurtunities!
Happy Labor Day
Hope everyone enjoys a relaxing day off. Time to fire up the grill, and get ready for a family gethering with all the kids coming over.
TXHG, seems to have good support at the .07 range.
Philltee, I see you are a moderator, that is good, feel free to make changes or whatever you see needs to be done. Even though my wife thinks I hate change, I actually like it, just don't tell her. But what ever we can do to help new investors to learn about TXHG, I will agree with. As far as the stock demand has tailed off, you are right, but I think we all expected that. I also am looking forward to the annual. Allthough I am not getting my hopes us, but I am looking forward to it. I would like to see another huge increase, but I will be happy with continued increase. Slow and steady is fine with me. As far as promoting, I would like to see 4-6 consistant quarters before I would like to see a promoting company come in. But that is just me. I feel putting the money into building the inventory base will be more substantial to the future, then worrying about the share price right now.
Phil actually I came across it on accident. I was reading through posts, and trying to figure out this investorshub, and I clicked on the moderator button. At the time there wasn't a moderator. If you are interested, click the add me as moderator button, and you can help. I am not real computer savvy, like the motorcycleman wanted me to change stuff. I would like to put the company logo from the website, but can't figure out how to.
Almost 800,000 shares traded today, on what I feel is great news! Phil it looks like your prediction definetly is possible. I show a high of .10 today, did anyone see how many shares were traded there?
themotorcycleman I think I was able to do what you asked. If you have any other suggestions, or thoughts, I am all for change. Until you mentioned it, I didn't realize I had the control to change that feature.
WOW! what a way to start off a monday morning!
Really looks like they have turned this around! Back to Back good quarters! Way to go guys! Thank you!
I will be back later today, the ole lady has my breakfast ready.
TX Holdings Reports 2013 Third Quarter Results; Third Quarter Revenue Increased 67%; Second Back-to-Back Quarter Reporting Net Income
ASHLAND, KY--(Marketwired - Jul 22, 2013) - TX Holdings, Inc. (OTCQB: TXHG)
• Third quarter revenue increased 67% as compared to last year's third quarter revenue
• Second back-to-back quarter in which company has reported net income
• Revenue for the first nine months of 2013 increased 68% as compared to last year
• Net income for the third quarter of 2013 of $185,999 as compared to last year's third quarter net loss of $202,738
• Net income for the first nine months of 2013 of $123,676 as compared to a net loss of $413,655 for the first nine months of 2012
• Gross profit in the third quarter increased 233% as compared to the third quarter of 2012
• Gross profit for the first nine months of 2013 increased 163% as compared to the first nine months of 2012
TX Holdings, Inc. (OTCQB: TXHG) is pleased to announce that its move into the distribution of rail material and mining supplies consumed by the coal mining industry in the production and transportation process has resulted in its ability to continue to produce increased sales and reports a second consecutive quarter in which it has been able to show net income.
Net income in the third quarter was $185,999 as compared to a net loss of $202,738 for the same period in 2012. Net income for the first nine months of 2013 was $123,676 compared to a net loss of $413,655 for the same period in 2012.
During the third quarter, cost of goods sold was $823,892 as compared to cost of goods sold of $645,455 for the same period in 2012, an increase of $178,437 or 27.6% as a result of higher sales volumes. During the first nine months of 2013, cost of goods sold was $2,097,649 as compared to cost of goods sold of $1,459,208 for the same period in 2012, an increase of $638,441 or 43.8 %, a result of increased in sales volume as the company continues to expand its products and customer base.
Operating expenses for the third quarter of 2013 were $309,303 as compared to $316,883 for the same period in 2012, a decrease of 2.4%. Operating expenses for the first nine months of 2013 were $783,011 as compared to $744,428 for the same period in 2012, an increase of 5.2%.
Other expense was $11,456 for the first three months of 2013 as compared to $37,932 in the comparable period last year. Other expense was $56,635 for the first nine months of 2013 as compared to $36,067 for the comparable period in 2012, an increase of 57%.
Net increase in cash during the first nine months of 2013 was $18,375 as compared to $11,924 in 2012. Cash used in operating activities of $415,982 and resulted from the continued effort by the company to increase inventory to meet projected increases in sales demand. To fund ongoing operations, the company continues to rely upon financing provided by its CEO, William "Buck" Shrewsbury, in the form of a $1.062 million revolving demand note, a demand note in the amount of $289,997, and advances in the amount of $523,583, and a bank line of credit in the amount of $250,000.
Mr. Shrewsbury stated that "Our earnings in the latest period have resulted in a strengthening of our balance sheet and our decision to enter the rail and mining supplies business is proving to have been fortuitous. The new field that we are involved in is consumables used in the production of coal. We believe our products are being accepted by the coal mining industry and we anticipate expanding our operations into other mining supplies products.
Mr. Shrewsbury commented, "We are pleased with our 3rd quarter sales as it is our second consecutive quarter with positive net income. We are continuing our commitment to our shareholders by concentrating on increasing revenue as well as margins thereby increasing shareholder value. We are also continuing our commitment to our customers by providing quality products at competitive prices thus creating customer loyalty."
Mr. Shrewsbury concluded that "Our outlook for the company going into the 4th quarter of 2013 and into 2014 continues to move in a positive direction."
Forward-Looking and Cautionary Statements
Except for the historical information and discussions contained herein, statements contained in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (PSLRA) and other applicable law. When used, the words "believe", "anticipate", "estimate", "project", "should", "expect", "plan", "assume" and similar expressions that do not relate solely to historical matters identify forward-looking statements. Forward-looking statements are based on the company's current assumptions regarding future business and financial performance. Forward-looking statements concerning future plans or results are necessarily only estimates and actual results could differ materially from expectations. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the following: our ability to implement our business strategy; our financial strategy; a downturn in economic environment; the company's failure to meet growth and productivity objectives, a failure of the company's innovation initiatives; risks from investing in growth opportunities; fluctuations in financial results and purchases, impact of local legal, economic, political and health conditions; adverse effects from environmental matters and tax matters; ineffective internal controls; the company's use of accounting estimates; the company's ability to attract and retain key personnel and its reliance on critical skills; impacts of relationships with critical suppliers; currency fluctuations and customer financing risks; impact of changes in market liquidity conditions and customer credit risk on receivables; reliance on third party distribution channels; SEC regulations related to trading in "penny stocks"; the continued availability of certain financing provided by our CEO, and other risks, uncertainties and factors discussed in the company's Forms 10-Q, Form 10-K and in the company's other filings with the U.S. Securities and Exchange Commission (SEC) or in materials incorporated therein by reference. Any forward-looking statement in this release speaks only as of the date on which it is made. The company assumes no obligation to update or revise any forward-looking statements. Notwithstanding the above, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1933, as amended, expressly state that the safe harbor for forward looking statements does not apply to companies that issue penny stocks. Because the company may from time to time be considered to be an issuer of penny stock, the safe harbor for forward looking statements under the PSLRA may not be apply to it at certain times.
Welcome! And yes this is a pretty quiet board. Although I cannot predict the future, I hope it was not a one time thing. I feel management has a plan of action, and they are doing what it takes to make it happen. I for one feel this is a golden oppurtnity! But that is just my opinion.