10Q out...
Another profitable quarter and the book value just went positive. This is record revenue for ONTV.
They just keep growing. You gotta love that! :)
RESULTS OF OPERATIONS
Three months ended December 31, 2004 compared with three months ended December 31, 2003.
Revenue for the fiscal quarter ended December 31, 2004 was $1,538,244 an increase of 27.8% over revenue of $1,204,045 for the quarter ended December 31, 2003. This improvement is primarily the resultant increase in sales due to the expanded product line available for sale.
Cost of goods sold, as a percentage of revenue, was 64% for the quarter ended December 31, 2004, as compared with 63% for the comparable period in 2003. Management believes that the current percentages are in line with expectations in the future.
Operating expenses, as a percentage of revenue, were 33.9% for the current quarter ended December 31, 2004, as compared with 39.2% for the comparable quarter ended December 31, 2003. The improvement of this percentage during the current operating period results is primarily the result of realized economies of scale generated from the absorption of expenses against increased revenues.
Six months ended December 31, 2004 compared with six months ended December 31, 2003.
Revenue for the six months ended December 31, 2004 was $2,644,120 an increase of 45.5% over revenue of $1,816,793 for the six months ended December 31, 2003. This improvement is primarily the resultant increase in sales due to the expanded product line available for sale.
Cost of goods sold, as a percentage of revenue, was 65% for the six months ended December 31, 2004, as compared with 64% for the comparable period in 2003. Management believes that the current percentages are in line with expectations in the future.
Operating expenses, as a percentage of revenue, were 34.0% for the six months ended December 31, 2004, as compared with 44.9% for the comparable quarter ended December 31, 2003. The improvement of this percentage during the current operating period results is primarily the result of realized economies of scale generated from the absorption of expenses against increased revenues.
Net Income (Loss) for the Period $26,480
