Input Capital,,,,$21 million in cash, $60 million Stockholders equity,
operating cash flow almost $2 million, no debt,,,,,,better hurry and buy all you can,,,,,,you can thank me l8r
and oh yeah,,,,,,,we have approximately $60 million that we are getting ready to invest
jeff
,,,,,$$$$$
REGINA, Aug. 19, 2014 (Canada NewsWire via COMTEX) -- Input Capital Corp. ("Input" or the "Company") (INP.V) (INPCF) has released its unaudited results for the first quarter ended June 30, 2014. All figures are presented in Canadian dollars.
FIRST QUARTER FINANCIAL HIGHLIGHTS
-- Input generated revenues of $2,261,253 from streaming contracts
on the sale of 4,585 ("MT" or "tonnes") of canola at an average
price of $493.23;
-- Cash operating margin(1) of $397.31 per MT (81% cash operating
margin) from streaming contracts;
-- Adjusted net income(1) of $35,541, or $0.00 per share;
-- Operating cash flow of $1,933,892, or $0.03 per share;
-- Invested $11.65 million of upfront payments(2) into multi-year
streaming contracts, adding 49,755 contracted MT to the
Company's future canola sales. These base tonnes have been
acquired for an average upfront cost of $234.15 per MT and
Input will purchase them in the year they are produced for an
average crop payment of $70.18 for a total cost of $304.33 per
MT; and
-- Finished the quarter with:
o Cash and cash equivalents of $20,871,197;
o Total canola interests of $35,753,814 (current portion and
long-term portion);
o Multi-year streaming contracts with 20 farm partners, with
179,299 contracted base
o MT of canola remaining to be delivered to the Company over
the terms of the streaming contracts, of which 7,810 MT are
from the 2013 harvest;
o Total shareholder's equity of $59,015,803; and
o No debt.
"The first quarter results highlight the strength of our canola marketing program, as we once again achieved strong pricing for our product. We continue to make sales of canola from the 2013 harvest and over the next quarters will shift our focus to the sale of the approximately 38,000 MT we have contracted from the upcoming harvest, which is over double the 18,000 MT we contracted from the 2013 crop," said Input President & CEO Doug Emsley. Emsley added, "With the bought-deal financing that we closed subsequent to quarter-end, we have approximately $60 million that we are getting ready to invest and we have the back-office in place to meet the demand as we market our streaming contracts."
