ANII.ob (nutraceutical supplier) update. The company has filed an NT-10k notice that will be filing their annual report a few days late. They did the same thing last year, so not a big surprise. The company did discuss its FY04 results, and they had a nice Q4 and FY:
Advanced Nutraceuticals, Inc. expects to report on the subject report net income
of approximately $2.3 million ($0.46 per share) for its fiscal year ended
September 30, 2004, as compared to a net loss of $3.8 ($.77 per share) for the
year ended September 30, 2003. Income from continuing operations is expected to
report net income of $3.5 million after a $762,000 deferred income tax benefit
for the 2004 year as compared to net income from continuing operations of $1.9
million for the 2003 year. The 2004 results are expected to include the
presentation of the operations of the Company's ANI Pharmaceutical, Inc. segment
as a discontinued operation. The discontinued operations are expected to report
a net loss of $1.2 million ($.24 per share), after a $663,000 deferred income
tax benefit for the 2004, year, as compared to a net loss of $5.8 million ($1.16
per share) for the 2003 year.
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Doing some quick math:
YTD (9 mos) net income from cont ops: 3048k (includes a 1128k tax benefit).
FY 04 net income: 3500k (includes a 762k tax benefit)
So, if you back out the tax benefits and subtract the resulting pretax numbers, then it looks like Q4 pretax was about 818k.
Q4 eps: 0.09 (est) assumes 35% tax and fd shrs of 6MM. My own expectations had been for about 0.08. If you DON'T assume any tax rate, then fd eps is around 0.14 for Q4 only.
This would equate to about 0.32 ft and fd for FY04 (0.49 untaxed) using an avg fd shares est of 5.5MM.
Revenue growth this year has been close to 40% through 9 months; I'd expect that Q4 sales number will be up 30-35% y/y. If the company would provide some kind of guidance for next year, this one could pop again. 52 week high is 6, currently trading around $4.00.
AI
