FLIP - Huge News!
Amazing news. They turned a profit for the first time, blowing out last quarter. Up 536% in revenues. This stock is gonna be the story of the day!
posted May 16, 2006 07:41 Profile for matto Edit/Delete Post Reply With Quote [Big Grin] FTS Posts 537% Increase in First Quarter Revenue: Announces First Net Profit Ever
5/16/2006
Company Reports Record Q1 EBITDA of $70,848
TAMPA, FL, May 16, 2006 (MARKET WIRE via COMTEX News Network) --
FTS Group, Inc. (OTC BB: FLIP) today announced record first quarter operating results and the first operating profit in the nine year history of the Company. Below are selected operating results posted during Q1. FTS Group's full first quarter financial results are available at www.SEC.Gov.
-- Revenue for the quarter ended March 31, 2006 was a record $1,633,614
vs. $303,970 for the same period in 2005 resulting in an increase of 537%.
-- Operating income for the quarter ended March 31, 2006 was $41,946 vs.
an operating loss of ($586,875) for the quarter ended March 31, 2005 for a
year over year improvement of $628,821.
-- Net income totaled $5,251 compared to a net loss of ($770,987) for the
same period of 2005 for a net improvement of $823,238.
-- EBITDA (Earnings, Before Interest, Taxes, Depreciation and
Amortization) was a record $70,848.
-- Stockholders equity increased from $212,411 at 2005 year end to
$1,513,831 at March 31, 2006
-- Total Assets increased from $1,974,495 at 2005 year end to $7,151,691
at March 31, 2006
