InvestorsHub Logo

The Rainmaker

11/16/17 12:52 PM

#365 RE: TRAPPER JIM #363

Peter Wangsness linked in says he works for Dynamic Optics. They are a public company in Canada with over 100m in sales

Astronomy Technologist
Company Name Dynamic Optics - Mirrors
Dates EmployedJan 2014 – Present Employment Duration3 yrs 11 mos
LocationPort Coquitlam, BC Canada
I am developing Dynamic Structures capability of manufacturing large and small lightweight mirrors where robotic polishing is also being explored for off-axis large optics. They built some of the largest telescope enclosures in the worlds such as Keck, Gemini and Atacama as well as premium amusement rides such as Harry Potter.
To see more link to: www.dynamicstructures-optics.webs.com and www.empireds.com

Empire Industries Reports Third Quarter 2017 Performance and Conference Call Information
November 15, 2017
WINNIPEG, November 15, 2017 – Empire Industries Ltd. (TSX-V: EIL) (“Empire” or the “Company”) today reported its unaudited consolidated financial results for the quarter ended September 30, 2017. The unaudited consolidated financial statements and MD&A have been filed on SEDAR and can be viewed at www.sedar.com or at www.empind.com.

Summary of the Third Quarter 2017 Performance

Contract Backlog was $235 million CAD as of September 30, 2017 which represents a strong volume base moving forward. The Group has successfully positioned itself to be a globally competitive leader in the higher margin, rapidly growing, media-based attractions market niche that is expected to grow rapidly for many years to come.
Year-to-date revenues increased by $15.3 million, or 16.9 % (to $105.8 million from $90.5 million in the 3rd quarter 2016). This increase in revenues compared to 2016 was due to the Group being into the production phase on 5 major projects which in the previous year were still in largely the design phase. This increase in production has also offset the Group’s decision to reduce operations in the industrial steel fabrication.
Year-to-date Adjusted EBITDA increased by $4.0 million, or 91% to $8.4 million compared to the same period in 2016, with the increase all attributed to higher revenue volumes and improved adjusted gross margins.
Net Income (Loss) decreased by $4.2 million, or 35.3% (to $2.3 million from $6.5 million in the third quarter 2016). 2016 had income from discontinued operations of $2.5 million and positive fair value changes in derivative financial instruments of $5.0 million that increased the net income figure.

The Rainmaker

11/16/17 1:01 PM

#374 RE: TRAPPER JIM #363

Joined you as a mod, looks good here.