Files Q305 Financial Report Extension with $14.8 Million in Estimated Quarterly Revenue Compared to $7.8 Million in Q304
Tuesday November 15, 3:47 pm ET
SEC Form 10QSB with NewMarket Financial Report to be Filed by Friday
DALLAS--(BUSINESS WIRE)--Nov. 15, 2005--NewMarket Technology Inc. (OTCBB:NMKT - News) today announced filing SEC Form 12b-25 to extend the reporting deadline for its Q305 financial report. The extension was filed Monday November 14th and included the Company's estimated Q305 revenue. For the quarter ended September 30, 2005, NewMarket estimates that it had revenues of approximately $14,880,000. For the same period the previous year in the quarter ended September 30, 2004, the Company had revenues of $7,877,721 and net income of $513,073. The Q305 revenue estimate represents an 88% increase over the same period last year. The Q305 estimate also represents a 43% increase over the reported $10.4 million in Q205.
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"NewMarket is growing rapidly," said Philip Verges, CEO. "With the consolidation of multiple acquisitions and the inclusion of substantial international sales contracts, we decided to take extra time to thoroughly review and refine the quarterly report. Revenue and profits are both increasing at a healthy pace. We believe the extra time is a prudent measure in order to soundly report the Company's growth."
Results for the quarter ended September 30, 2005 remain subject to further adjustment and actual
