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Any thoughts on tomorrows release of the second quarter Results?
OurPet's Company Reports Record 2010 Second Quarter ResultsFont size: A | A | A8:31 AM ET 7/27/10 | Marketwire
OurPet's Company (OTCBB: OPCO) (www.ourpets.com), a leading proprietary pet supply company today reported record financial results for its second quarter ended June 30, 2010.
Dr. Steven Tsengas, President and CEO, said, "We are pleased with our record 2010 second quarter and year-to-date results. They were achieved despite sluggish economic conditions and reflect increased penetration of our branded products in key segments of the market. These record results demonstrate the soundness of our multi-pronged growth strategy. We expect stronger performance during the second half of 2010 compared to the first six months of this year."
Dr. Tsengas, continued, "We are very encouraged by our growth opportunities and performance outlook for the remainder of 2010. The purchase of certain assets of Cosmic Pet Products, which is on schedule to close during the 2010 third quarter, and the planned launch of more than 100 new products this year position us more favorably for 2011."
"According to our most recent research Cosmic Catnip, Cosmic Pet's leading product, has twice the brand awareness as its next closest competitor, 2.5 times the past purchase behavior as its next closest competitor, and three times the quality rating as its next closest competitor. We anticipate that Cosmic Pet Products will accelerate our future sales and profit while also complementing the exciting organic growth opportunities we are pursuing."
2010 Second Quarter Results
Net revenue increased 24% to a record $4,477,863 for the 2010 second quarter from $3,605,332 for the same period in 2009. The Company's sales particularly benefited from the introduction of additional dog toys during the 2010 second quarter. More products will be introduced during the second half of 2010 consistent with the planned launch of more than 100 new products this year.
Gross profit rose 26% to $1,363,415 for the 2010 second quarter from $1,083,644 a year ago. Gross profit margin increased to 30.5% for the 2010 second quarter from 30.1% for the 2009 second quarter, despite price and cost pressures. Plans focused on tight control of costs continue to be implemented throughout the company to achieve increased efficiencies.
Income from operations increased 104% to $415,168 for the 2010 second quarter from $203,583 for the same period last year. This was attributable to the increase in net revenues and higher gross profit margin, which were partially offset by higher selling, general and administrative expenses related to product development and sales and marketing activities. The 2010 second quarter results also benefited from lower litigation expense.
The Company recognized $94,230 in income tax expense during the 2010 second quarter due to expected utilization of tax loss carry forwards that reduced net deferred tax assets.
Net income increased 50% to $292,911 or $.01 per diluted share for the 2010 second quarter from $194,933 or $0.01 per share for the 2009 second quarter. The weighted average number of common and equivalent shares outstanding increased approximately 19% to 19,051,602 for the 2010 second quarter compared to a year ago, principally due to the increase in the common stock price during the quarter ended June 30, 2010 as well as the issuance of convertible preferred stock earlier this year.
2010 First Half Results
Net revenue increased 16.1% to a record $8,121,796 for the six months ended June 30, 2010 from $6,995,711 for the same period a year ago. Sales for the first half of 2010 benefited from additional dog toys introduced this year.
Gross profit rose 20% to a record $2,509,814 for the six months ended June 30, 2010 from $2,083,712 for the same period last year. Gross profit margin increased 1.1 percentage points to 30.9% from the first six months of 2009 principally due to maintaining tight cost controls of operating overhead.
Income from operations increased 115% to a record $705,995 for the six months ended June 30, 2010 from $328,764 for the same period last year. This was attributable to the increase in net revenues and increased gross profit margin, which were partially offset by higher selling, general and administrative expenses related to product development, sales and marketing activities, and also benefited from lower litigation expense.
The Company recognized $93,003 in income tax expense for the six months ended June 30, 2010 due to expected utilization of tax loss carry forwards that reduced net deferred tax assets.
Net income increased 103% to a record $555,157 or $0.03 per diluted share for the six months ended June 30, 2010 from $273,543 or $0.02 per share for the same period last year. The weighted average number of common and equivalent shares outstanding increased approximately 14% to 18,263,100 for the six months ended June 30, 2010 compared to a year ago, principally due to the increase in the common stock price during the six months ended June 30, 2010, as well as the issuance of convertible preferred stock earlier this year.
About OurPet's Company
OurPet's designs, produces and markets a broad line of innovative, high-quality accessory and consumable pet products in the U.S. and overseas. Investors and customers may visit www.ourpets.com for more information about the Company and its products. The Company's Websites include: www.smartscoop.com, www.ecopurenaturals.com, www.playnsqueak.com, and www.flappydogtoys.com.
Certain of the matters set forth in this press release are forward-looking and involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially are the following: business conditions and growth in the industry; general economic conditions; addition or loss of significant customers; the loss of key personnel; product development; competition; risks of doing business abroad; foreign government regulations; fluctuations in foreign rates; rising costs for raw materials and the unavailability of sources of supply; the timing of orders booked; and the other risks that are described from time to time in OurPet's SEC reports.
View data OURPET'S COMPANY AND SUBSIDIARIES
CONSOLIDATED OPERATING RESULTS
For the Six Months Ended For the Quarter Ended
June 30, June 30,
----------------------- -----------------------
2010 2009 2010 2009
----------- ----------- ----------- -----------
Net revenue $ 8,121,796 $ 6,995,711 $ 4,477,863 $ 3,605,332
Cost of goods sold 5,611,982 4,911,999 3,114,448 2,521,688
----------- ----------- ----------- -----------
Gross profit on sales 2,509,814 2,083,712 1,363,415 1,083,644
Selling, general and
administrative expenses 1,747,861 1,509,274 928,097 798,700
Litigation expense 55,958 245,674 20,150 81,361
----------- ----------- ----------- -----------
Income (loss) from
operations 705,995 328,764 415,168 203,583
Other income and (expense),
net - 37,720 - 37,722
Interest expense 57,835 84,531 28,027 42,172
----------- ----------- ----------- -----------
Income before taxes 648,160 281,953 387,141 199,133
Income Tax expense 93,003 8,410 94,230 4,200
----------- ----------- ----------- -----------
Net Income $ 555,157 $ 273,543 $ 292,911 $ 194,933
=========== =========== =========== ===========
Basic and Diluted Net
Income (Loss) Per Common
Share After Dividend
Requirements For
Preferred Stock $ 0.03 $ 0.02 $ 0.01 $ 0.01
=========== =========== =========== ===========
Weighted average number of
common and equivalent
shares outstanding used to
calculate basic and
diluted earnings per share 18,263,100 15,984,780 19,051,602 16,005,237
=========== =========== =========== ===========
OURPET'S COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
June 30, December 31,
2010 2009
------------ ------------
ASSETS
Cash and equivalents $ 72,312 $ 84,555
Receivables, net 2,445,990 1,881,179
Inventories 3,478,681 2,984,035
Prepaid expenses 235,008 93,130
Deferred Tax Asset net 31,090 125,370
------------ ------------
Total current assets 6,263,081 5,168,269
Property and equipment, net 2,037,141 1,954,805
Other 807,558 475,668
------------ ------------
Total assets $ 9,107,780 $ 7,598,742
============ ============
LIABILITIES AND STOCKHOLDERS' EQUITY
Notes payable $ 1,445,000 $ 949,000
Current maturities of long-term debt 550,588 956,589
Accounts payable 1,493,983 1,046,101
Accrued expenses 335,215 417,199
------------ ------------
Total current liabilities 3,824,786 3,368,889
Long-term debt 855,850 1,254,080
Stockholders' Equity 4,427,144 2,975,773
------------ ------------
Total liabilities and stockholders' equity $ 9,107,780 $ 7,598,742
============ ============
OURPET'S COMPANY AND SUBSIDIARIES CONSOLIDATED OPERATING RESULTS For the Six Months Ended For the Quarter Ended June 30, June 30, ----------------------- ----------------------- 2010 2009 2010 2009 ----------- ----------- ----------- ----------- Net revenue $ 8,121,796 $ 6,995,711 $ 4,477,863 $ 3,605,332 Cost of goods sold 5,611,982 4,911,999 3,114,448 2,521,688 ----------- ----------- ----------- ----------- Gross profit on sales 2,509,814 2,083,712 1,363,415 1,083,644 Selling, general and administrative expenses 1,747,861 1,509,274 928,097 798,700 Litigation expense 55,958 245,674 20,150 81,361 ----------- ----------- ----------- ----------- Income (loss) from operations 705,995 328,764 415,168 203,583 Other income and (expense), net - 37,720 - 37,722 Interest expense 57,835 84,531 28,027 42,172 ----------- ----------- ----------- ----------- Income before taxes 648,160 281,953 387,141 199,133 Income Tax expense 93,003 8,410 94,230 4,200 ----------- ----------- ----------- ----------- Net Income $ 555,157 $ 273,543 $ 292,911 $ 194,933 =========== =========== =========== =========== Basic and Diluted Net Income (Loss) Per Common Share After Dividend Requirements For Preferred Stock $ 0.03 $ 0.02 $ 0.01 $ 0.01 =========== =========== =========== =========== Weighted average number of common and equivalent shares outstanding used to calculate basic and diluted earnings per share 18,263,100 15,984,780 19,051,602 16,005,237 =========== =========== =========== =========== OURPET'S COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS June 30, December 31, 2010 2009 ------------ ------------ ASSETS Cash and equivalents $ 72,312 $ 84,555 Receivables, net 2,445,990 1,881,179 Inventories 3,478,681 2,984,035 Prepaid expenses 235,008 93,130 Deferred Tax Asset net 31,090 125,370 ------------ ------------ Total current assets 6,263,081 5,168,269 Property and equipment, net 2,037,141 1,954,805 Other 807,558 475,668 ------------ ------------ Total assets $ 9,107,780 $ 7,598,742 ============ ============ LIABILITIES AND STOCKHOLDERS' EQUITY Notes payable $ 1,445,000 $ 949,000 Current maturities of long-term debt 550,588 956,589 Accounts payable 1,493,983 1,046,101 Accrued expenses 335,215 417,199 ------------ ------------ Total current liabilities 3,824,786 3,368,889 Long-term debt 855,850 1,254,080 Stockholders' Equity 4,427,144 2,975,773 ------------ ------------ Total liabilities and stockholders' equity $ 9,107,780 $ 7,598,742 ============ ============
CONTACT:
OurPet's Company
Dr. Steven Tsengas
CEO
(440) 354-6500 (Ext. 111)
INVESTOR RELATIONS:
Robert A. Lentz and Associates, Inc.
Robert Lentz
(614) 876-2000
SOURCE: OurPet's Company
http://www.stockguru.com/2010/07/ourpets-company-is-in-the-stockguru-spotlight-for-july-15-2010/
OurPet’s Company is in the StockGuru Spotlight for July 15, 2010
Written by Editor on July 14, 2010
DALLAS, TEXAS : StockGuru announces that OurPet’s Company (OTCBB: OPCO) is in the StockGuru Spotlight. OurPet’s designs, produces and markets a broad line of innovative, high-quality accessory and consumable pet products in the U.S. and overseas. Investors and customers may visit www.ourpets.com for more information about the Company and its products.
On Wednesday, the company put out news announcing the appointment of William L. Lechtner as an advisory member of the Board of Directors. Mr. Lechtner is CEO and Managing Director of The Lechtner Group, in San Diego, California. He was formerly Vice President/General Merchandise Manager of PETCO. Prior to his ten year successful tenure with PETCO, Mr. Lechtner held top executive positions and made valuable contributions at Pet Food Warehouse, Half Price Stores and several other major retailers. His career spans thirty-five years with the last fifteen being in the pet industry.
Shares for OurPet’s Company (OTCBB: OPCO) were down during the afternoon of trading on Wednesday and closed down eight cents at closing.
To view our StockGuru Spotlight on OurPet’s Company (OTCBB: OPCO), please visit:
http://www.stockguru.com
What is the StockGuru Spotlight?
The StockGuru Spotlight features stocks that we expect some action in. Generally speaking we expect a strong showing in the market based on the market, our knowledge of the stock and the buzz in the markets. Many times these will be stocks that have big news out recently, there is fresh interest in getting the word out on these stocks or we hear a buzz in our day to day contacts on these stocks. If we think it is going to move or see action, we put it in the StockGuru Spotlight. If we are compensated for a stock in the Spotlight, it will be clearly disclosed within this Spotlight Announcement.
http://www.hotstocked.com/article/2272/-sunwin-international-neutraceuticals-inc.html
Sunwin International Neutraceuticals Inc. (OTC:SUWN) Hits a Price Jump on the Market
By Nelly Shishkova
Date: Jun 14, 2010
Sunwin International Neutraceuticals Inc. (OTC:SUWN, SUWN message board) made a high price jump on the market. On June 11, 2010 the company surged by 14.7% to close at $0.63 with total traded volume of over $1 million shares, which is approximately 5 times more than SUWN's average volume.
Records show that Wall Street E News has paid a compensation of $300 thousand for SUNW to get promoted, which may be the reason for the sudden price move. There was another price jump for Sunwin International in May, 2010, when the company announced they would present at the Rodman & Renshaw Annual Global Investment Conference.
Sunwin International Neutraceuticals, Inc. is an integrated global agricultural processing firm with the sourcing and production capabilities to meet the needs of consumers throughout the world. Sunwin operates in China through its wholly owned subsidiary, Shangdong Qufu Natural Green Engineering Co., Ltd. and thorough Sunwin Stevia International Corp. in North America.
Company's financial results show that during the first nine months of fiscal 2010, SUWN's total and related party revenues have decreased by approximately 38% as compared to the same period in 2009. During the third quarter of 2010, revenues from its stevioside segment decreased approximately 15% , and revenues from the company's Chinese and veterinary medicines decreased approximately 37%, while the operating expenses got higher.
Due to the substantial decline in the SUWN's revenues, its net income has also decreased and the company suffered a 1 million loss on closure of its facility in Qufu. However, Sunwin International believes there is an opportunity for growth in its stevioside segment based on the established strategic alliance with Wild Flavors and the company's self-affirmed GRAS status, authorized by FDA.
In 2010, SUWN has acquired the rights to a stevioside extraction technology and entered into an agreement for product development and technical support but no recent press releases can be found on the company's website yet.
AML Communications Reports Fourth Quarter and Fiscal 2010 Year End ResultsFont size: A | A | A9:00 AM ET 6/8/10 | BusinessWire
--Company to Host Conference Call Today at 1:00 p.m. PT
AML Communications, Inc. (OTCBB: AMLJ), a producer of specialized amplifiers and integrated assemblies for the defense electronic warfare industry, today announced results for its fourth quarter and the fiscal year ended March 31, 2010.
Fourth Quarter 2010 Highlights
-- Net sales increased 30 percent to $4.2 million.
-- Operating profit increased 336 percent to $564,000.
-- Gross margins increased to 49 percent compared with 42 percent for the same period last year.
Fiscal 2010 Year End Highlights
-- Net sales increased 23 percent to $16.3 million.
-- Operating profit increased 158 percent to $2.3 million.
-- Gross margins increased to 48 percent compared with 43 percent for the prior fiscal year.
-- Cash balance of $3.3 million compared to $1.6 million a year ago.
CEO Commentary
"We are very pleased to report strong growth in revenues and earnings for the fourth quarter and fiscal year 2010," said Jacob Inbar, President and Chief Executive Officer of AML. "After years of investment in R&D and new program orders, Fiscal 2010 rewarded us with record revenues of $16.3 million and record operating profits of $2.3 million. Strong growth in revenues was driven by increased sales of AML integrated assemblies for Unmanned Aerial Vehicles ("UAV"s), Surveillance and Radar applications, part of long term programs. Disciplined manufacturing overhead costs coupled with the utilization of automated manufacturing process allowed us to achieve record operating profits."
Fourth Quarter and Fiscal 2010 Year End Financial Results Summary
Net sales for the fourth quarter of fiscal year 2010 increased 30 percent to $4.2 million, compared with $3.3 million for the same period a year earlier. Net income for the quarter ended March 31, 2010 rose 127 percent to $477,000, or $0.04 per share, compared with $210,000, or $0.02 per share, a year ago. Gross margin for the quarter ended March 31, 2010 was 49% compared with 42% for the same period last year.
Net sales for the fiscal year ended March 31, 2010 increased 23 percent to $16.3 million, compared with $13.3 million for the prior fiscal year. Net income for the fiscal year ended March 31, 2010 rose 54 percent to $1.5 million, or $0.14 per share, compared with $959,000, or $0.09 per share (this includes a one time book entry gain of $0.05 per share), a year ago. Gross margin for the fiscal year ended March 31, 2010 was 48% compared with 43% for the prior fiscal year.
Balance Sheet Overview
AML ended the fiscal year 2010 with a strong financial position including $3.3 million in cash, $9.1 million in working capital, and total stockholders' equity of $15.1 million.
Conference Call
A conference call to discuss the fiscal year 2010 results is scheduled for Tuesday, June 8, 2010 at 1:00 p.m. Pacific Time/4:00 p.m. Eastern Time.
The conference call dial-in number is 877-212-8197 for domestic participants and 816-249-4432 for international participants. The Conference ID number is 79581959. A recording of the call will be available for playback through the Company's website, http://www.amlj.com/ir.html, after 6:00 a.m. Pacific Time on Wednesday, June 9, 2010.
About AML Communications
AML Communications is a designer, manufacturer, and marketer of specialized amplifiers and integrated assemblies that address the defense electronic warfare markets. Its key customers include Raytheon, Lockheed Martin, Northrop Grumman, L-3 Communications, BAE, and others. The Company's extensive range of microwave low noise amplifiers and power amplifiers can be found in leading defense projects. For more information, visit www.amlj.com.
Forward-Looking Statements
This press release contains forward-looking statements made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, the Company's views on future profitability, commercial revenues, market growth, capital requirements, new product introductions, and are generally identified by words such as "thinks," "anticipates," "believes," "estimates," "expects," "intends," "plans," "schedules," and similar words. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. These factors and uncertainties include: reductions or cancellations in orders from new or existing customers; success in the design of new products; the opportunity for future orders from domestic and international customers including, in particular defense customers; general economic conditions; the limited number of potential customers; variability in gross margins on new products; inability to deliver products as forecast; failure to acquire new customers; continued or new deterioration of business and economic conditions in the wireless communications industry; and intensely competitive industry conditions with increasing price competition. The Company refers interested persons to its most recent Annual Report on Form 10-K and its other SEC filings for a description of additional uncertainties and factors that may affect forward-looking statements. Forward-looking statements are based on information presently available to senior management, and the Company has not assumed any duty to update its forward-looking statements.
View data A
ML COMMUNICATIONS,INC.& SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
ASSETS M M
arch 31, arch 31,
2010 2009
Current Assets:
Cash and cash equivalents $ 3,327,000 $ 1,581,000
Accounts receivable, net 3,148,000 2,367,000
Inventories, net 3,498,000 3,290,000
Note receivable 4,000 7,000
Prepaid expenses 218,000 189,000
Deferred tax asset--current 1,277,000 867,000
---------- ----------
Total current assets 11,472,000 8,301,000
Property and equipment, at cost 7,417,000 7,313,000
Less: Accumulated depreciation (5,534,000 ) (5,229,000 )
---------- -- ---------- --
Property and equipment, net 1,883,000 2,084,000
Deferred tax asset 2,931,000 3,916,000
Intangible Assets:
Technologies, net 1,583,000 1,778,000
Patents, net 51,000 75,000
Customer relationship, net 32,000 41,000
Trademarks and brand names 202,000 203,000
---------- ----------
1,868,000 2,097,000
Deposits 42,000 33,000
---------- ----------
$ 18,196,000 $ 16,431,000
== ========== == ==========
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Line of credit $ 161,000 $ 496,000
Accounts payable 832,000 854,000
Current portion of notes payable and capital lease obligation 111,000 58,000
Accrued expenses:
Accrued payroll and payroll related expenses 993,000 659,000
Other accrued liabilities 273,000 242,000
---------- ----------
Total current liabilities 2,370,000 2,309,000
---------- ----------
Long term notes payable 574,000 594,000
Capital lease obligations, net of current portion 103,000 --
Commitments -- --
Stockholders' Equity:
107,000 106,000
Common stock, $0.01 par value: 15,000,000 shares authorized;
10,680,915 and 10,654,665 shares issued and outstanding at March
31, 2010 and March 31, 2009, respectively. 38,600 shares held in
treasury as of March 31, 2010.
Capital in excess of par value 14,203,000 14,034,000
Retained earnings (Accumulated deficit) 866,000 (612,000 )
Less: Treasury stock at cost (27,000 ) --
---------- -- ----------
Total stockholders' equity 15,149,000 13,528,000
---------- ----------
$ 18,196,000 $ 16,431,000
== ========== == ==========
A ML COMMUNICATIONS,INC.& SUBSIDIARIES CONSOLIDATED BALANCE SHEETS ASSETS M M arch 31, arch 31, 2010 2009 Current Assets: Cash and cash equivalents $ 3,327,000 $ 1,581,000 Accounts receivable, net 3,148,000 2,367,000 Inventories, net 3,498,000 3,290,000 Note receivable 4,000 7,000 Prepaid expenses 218,000 189,000 Deferred tax asset--current 1,277,000 867,000 ---------- ---------- Total current assets 11,472,000 8,301,000 Property and equipment, at cost 7,417,000 7,313,000 Less: Accumulated depreciation (5,534,000 ) (5,229,000 ) ---------- -- ---------- -- Property and equipment, net 1,883,000 2,084,000 Deferred tax asset 2,931,000 3,916,000 Intangible Assets: Technologies, net 1,583,000 1,778,000 Patents, net 51,000 75,000 Customer relationship, net 32,000 41,000 Trademarks and brand names 202,000 203,000 ---------- ---------- 1,868,000 2,097,000 Deposits 42,000 33,000 ---------- ---------- $ 18,196,000 $ 16,431,000 == ========== == ========== LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Line of credit $ 161,000 $ 496,000 Accounts payable 832,000 854,000 Current portion of notes payable and capital lease obligation 111,000 58,000 Accrued expenses: Accrued payroll and payroll related expenses 993,000 659,000 Other accrued liabilities 273,000 242,000 ---------- ---------- Total current liabilities 2,370,000 2,309,000 ---------- ---------- Long term notes payable 574,000 594,000 Capital lease obligations, net of current portion 103,000 -- Commitments -- -- Stockholders' Equity: 107,000 106,000 Common stock, $0.01 par value: 15,000,000 shares authorized; 10,680,915 and 10,654,665 shares issued and outstanding at March 31, 2010 and March 31, 2009, respectively. 38,600 shares held in treasury as of March 31, 2010. Capital in excess of par value 14,203,000 14,034,000 Retained earnings (Accumulated deficit) 866,000 (612,000 ) Less: Treasury stock at cost (27,000 ) -- ---------- -- ---------- Total stockholders' equity 15,149,000 13,528,000 ---------- ---------- $ 18,196,000 $ 16,431,000 == ========== == ==========
View data A
ML COMMUNICATIONS,INC.
CONSOLIDATED STATEMENTS OF INCOME
For the Years Ended
-----------------------------------------------
March 31, 2010 March 31, 2009
--------------------- ---------------------
Net sales $ 16,317,000 $ 13,288,000
Cost of goods sold 8,485,000 7,549,000
---------- ----------
Gross profit 7,832,000 5,739,000
Operating Expenses:
Selling, general and administrative 3,407,000 2,925,000
Research and development 2,152,000 1,932,000
---------- ----------
5,559,000 4,857,000
Total operating expenses
---------- ----------
Income from operations 2,273,000 882,000
Other Income (Expense)
Gain on settlement of debt - 567,000
Gain on sale of fixed assets 20,000 -
Interest & other expense (78,000 ) (100,000 )
---------- ---- ---------- ----
Total other income (expense) (58,000 ) 467,000
---------- ---- ----------
Income before provision for income taxes 2,215,000 1,349,000
Provision for income taxes (737,000 ) (390,000 )
---------- ---- ---------- ----
Net income $ 1,478,000 $ 959,000
==== ========== ==== ==========
Basic earnings per common share $ 0.14 $ 0.09
==== ========== ==== ==========
Basic weighted average number of shares of common stock outstanding 10,631,000 10,575,000
========== ==========
Diluted earnings per common share $ 0.14 $ 0.09
==== ========== ==== ==========
Diluted weighted average number of shares of common stock outstanding 10,824,000 10,688,000
========== ==========
A ML COMMUNICATIONS,INC. CONSOLIDATED STATEMENTS OF INCOME For the Years Ended ----------------------------------------------- March 31, 2010 March 31, 2009 --------------------- --------------------- Net sales $ 16,317,000 $ 13,288,000 Cost of goods sold 8,485,000 7,549,000 ---------- ---------- Gross profit 7,832,000 5,739,000 Operating Expenses: Selling, general and administrative 3,407,000 2,925,000 Research and development 2,152,000 1,932,000 ---------- ---------- 5,559,000 4,857,000 Total operating expenses ---------- ---------- Income from operations 2,273,000 882,000 Other Income (Expense) Gain on settlement of debt - 567,000 Gain on sale of fixed assets 20,000 - Interest & other expense (78,000 ) (100,000 ) ---------- ---- ---------- ---- Total other income (expense) (58,000 ) 467,000 ---------- ---- ---------- Income before provision for income taxes 2,215,000 1,349,000 Provision for income taxes (737,000 ) (390,000 ) ---------- ---- ---------- ---- Net income $ 1,478,000 $ 959,000 ==== ========== ==== ========== Basic earnings per common share $ 0.14 $ 0.09 ==== ========== ==== ========== Basic weighted average number of shares of common stock outstanding 10,631,000 10,575,000 ========== ========== Diluted earnings per common share $ 0.14 $ 0.09 ==== ========== ==== ========== Diluted weighted average number of shares of common stock outstanding 10,824,000 10,688,000 ========== ==========
SOURCE: AML Communications, Inc.
AML Communications, Inc.
Jacob Inbar, President and Chief Executive Officer
805-388-1345, Ext. 201
Penwest Pharma beats by $0.03, beats on revsFont size: A | A | A8:35 AM ET 5/3/10 | Briefing.com
Reports Q1 (Mar) earnings of $0.12 per share, $0.03 better than the single estimate of $0.09; revenues rose 66.0% year/year to $8.8 mln vs the $7.9 mln estimate. Co notes that this was their third consecutive profitable quarter, and that they began to receive the full royalty rate for Opana ER during Q1.
any bettors on what it will close at today?