ALY...
As I have caused doubt on a company I did not bring to the board. I thought I would bring the finanical information on ALY...assets/lia.. are interesting... Also ALY at 7.25 is only 0.35 away from a double where it was first mentioned... ACRG is at a new high today at 3.85....Hank Do your own DD...
From SEC fillings....
ITEM 8.01 - OTHER EVENTS
We estimate that for the year ended December 31, 2004, our revenues increased by
45% to approximately $47.6 million and our operating income increased by 71% to
approximately $4.3 million. We have not yet finalized our Annual Report on Form
10-K for the year ended December 31, 2004, and our independent registered public
accounting firm has not completed its audit of our financial statements for the
year. Our preliminary operating results are subject to completion; accordingly,
our actual results for 2004 could differ from our estimated results. Please see
the preliminary results of operations for the year ended December 31, 2004 in
the column below.
Year Ended
December 31,
(in thousands, except per share data)
2004
---------
(Restated)
(unaudited)
STATEMENT OF OPERATIONS DATA:
Revenues $ 47,585
Income (loss) from operations $ 4,311
Net income (loss) from continuing
operations $ 1,180
Net income (loss) attributed to
common stockholders $ 1,056
Per Share Data:
Net Income (loss) from continuing
operations per common share:
Basic $ 0.15
Diluted $ 0.10
Weighted average number of common
shares outstanding:
Basic 7,930
Diluted 11,549
CONSOLIDATED BALANCE SHEET DATA
Year Ended
December 31,
(in thousands, except per share data)
2004
---------
(Restated)
(unaudited)
Total Assets $ 81,085
Long-term debt classified as:
Current $ 4,509
Long-Term $ 26,014
Redeemable convertible
Preferred stock --
Stockholders' Equity $ 37,298
Book value per share $ 2.64
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ALLIS-CHALMERS ENERGY INC.
/S/ VICTOR M. PEREZ
---------------------------
BY: VICTOR M. PEREZ
CHIEF FINANCIAL OFFICER
DATE: MARCH 2, 2005
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