LUMP with a market cap of $3M is a true sleeper. Annual out after the bell to. Summary below:
- the Company recognized revenues of $16,418,590; net loss
$1,047,488
- gross profit, defined as revenues less cost of goods sold, was $3,329,672 or 22% of sales
- general and Administrative expenses incurred during the year ended December 31, 2012 totaled $4,377,161 (Non-Recurring
2,046,500.00)
- working capital of $2,009,381 and stockholders’ equity of
$5,377,584
- the company negotiated a $1,000,000 line of credit with its factoring company CapFlow Funding Group, NY
- EBITDA 2,077,300; Net Income/(Loss) Per Share 0.06
- the Company added three new officers: Donny R. Wells, Vice President, National Director of Business Development and Treasurer, Kirt Bailey, Vice President National Director of Logistics,Chad Monson, Vice President , Director of Mining Operations, Joyce Campbell, Chief Administrative Officer,
Assistant Controller, Matt Parker, Vice President, Human
Resources/Safety.
- during 2012, the Company converted approximately $3.4 million of equipment leases into purchases, adding to asset value
- the company acquired the operations of Monson Corporation of North Dakota and its assets in North Dakota and Montana
- the company formed Westby Rock & Gravel LLC
- During the year the Company incurred new equipment financing in the amount of $3,412,009
