Followers | 295 |
Posts | 40909 |
Boards Moderated | 11 |
Alias Born | 08/30/2001 |
![](https://investorshub.advfn.com/uicon/8112.png?cb=1464282184)
Friday, August 02, 2002 9:28:26 AM
SUN VALLEY, Calif., Aug 02, 2002 (PRIMEZONE via COMTEX) -- Flamemaster Corporation (Nasdaq:FAME) today reported net income of $182,702 or $.13 per share on revenues of $1,385,388 for the quarter, compared to net of $152,275 or $.10 per share on revenues of $1,094,062 in the year earlier period. Sales from operations expanded to $1,329,107 in the quarter from $1,005,399 in the prior year.
The Company's balance sheet is very strong with a current ratio of more than 32.7 to 1. Working capital expanded to $6,953,667 from $6,597,130 in the year earlier.
For the nine month period ended June 30, 2002, revenues were $3,940,609 compared to $3,251,775 in the year earlier period. Net income for the nine months was $513,815 or $.36 per share vs. $479,213 or $.30 per share. Operating revenue expanded to $3,711,461 vs. $2,971,175 in the nine months ended June 30, 2001, with income before income taxes rising to $872,329 from $708,122 in the previous year.
Flamemaster is a Southern California-based specialty chemicals manufacturer of high performance sealants, adhesives and coatings.
The release herein may contain or identify a forward-looking statement. These statements are based on a number of assumptions and estimates, which are inherently subject to uncertainty and contingencies, many of which are beyond the control of the company and reflect future business decisions, which are subject to change.
Flamemaster Corporation
(Unaudited)
Three months ended Nine months ended
6/30/02 6/30/01 6/30/02 6/30/01
Revenues 1,385,388 1,094,062 3,940,609 3,251,775
Income before
Income taxes 361,255 232,513 872,329 708,122
Net income 182,702 152,275 513,815 479,213
Net income per share,
basic & diluted $.13 $.10 $.36 $.30
By Staff CONTACT: Flamemaster Corporation
Joseph Mazin, President & CEO
(818) 982-1650
Fax: (818) 765-5603
http://www.flamemaster.com
Flamemaster@cyberhotline.com
(C) Copyright 2002 PrimeZone Media Network, Inc. All rights reserved.
Have fun and be smart!
Always ALWAYS do your DD...
PROTECT YOUR ASS-ets!!
FEATURED BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • Jul 2, 2024 7:19 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM