Cbyi-quiet on good report.Maybe delayed reaction next week.Three Month periods Ended September 30, 2004 and 2003
The following Cal-Bay International business summary is from the consolidated results of the Cal-Bay Controls and Cal-Bay Analytical operating subsidiaries.
Cal-Bay generated $110,395 in commission income, and $737 in product sales, for total revenues of $111,132 for the three-month period ended September 30, 2004, with cost of sales of $550 for a gross profit of $110,582. These revenues compare with $17,953 in commission income and $43,935 in product sales for total revenues of $61,888 for the three-month period ended September 30, 2003, with cost of sales of $36,808 and gross profit of $25,080. Revenues for the three-month period ended September 30, 2004 were $49,244 more than the same period ended in 2003. Gross profit for the three-month period ended September 30, 2004 was $85,502 more than the same period ended in 2003. The net cash provided by operating activities for the three months ended September 30, 2004 was $31,941 compared to net cash provided of $3,615 from the comparable period in 2003, which is an increase in the net cash provided by operating activities of $28,326.
Operating expenses were $69,463 for the three-month period ended September 30, 2004 compared with operating expenses of $239,952 for the three-month period ended September 30, 2003, which is a decrease of $170,489. The net gain in income was $41,119 for the three-month period ended September 30, 2004 compared to a loss of ($214,872) for the same period ended in 2003, which is an increase in net income of $255,991.
Nine Month periods Ended September 30, 2004 and 2003
The following Cal-Bay International business summary is from the consolidated results of the Cal-Bay Controls and Cal-Bay Analytical operating subsidiaries.
Cal-Bay generated $148,602 in commission income, and $2,294 in product sales, for total revenues of $150,896 for the nine-month period ended September 30, 2004, with cost of sales of $1,712 for a gross profit of $149,184. These revenues compare with $56,178 in commission income and $43,935 in product sales for total revenues of $100,113 for the nine-month period ended September 30, 2003, with cost of sales of $36,808 and gross profit of $63,305. Revenues for the nine-month period ended September 30, 2004 was $50,783 more than the same period ended in 2003. Gross profit for the nine-month period ended September 30, 2004 was $85,879 higher than the same period ended in 2003. The net cash provided by operating activities for the nine months ended September 30, 2004 was $23,095 compared to net cash used of ($29,466) from the comparable period in 2003, which is an increase in the net cash provided from operating activities of $52,561.
Operating expenses were $169,468 for the nine-month period ended September 30, 2004 compared with operating expenses of $563,296 for the nine-month period ended September 30, 2003, which is a decrease of $393,828. The net gain (loss) in income was ($20,284) for the nine-month period ended September 30, 2004 compared to a net loss of ($499,991) for the same period ended in 2003, which is an increase in net income of $479,707.
AI
