Right on forecast,
$25+ rev eps last 3qs=$.12............... Extrapolation ----->
The industry is expected to grow 400% over the next 6 years. TSTA is growing faster than anyone in the industry and should become a leader price wise. IMO
TurboSonic Technologies, Inc. (OTC Bulletin Board – TSTA), a global provider of clean air technologies, presents the following audited operating results for its fiscal year ended June 30, 2009:
Twelve Months Ended
06/30/0906/30/08
US Dollars
Total Revenues$25,405,475$14,268,284
Income before Provision for Taxes$2,185,143$(977,968)
Net Income $1,555,905$(662,994)
Basic Earnings per Share$0.10$(0.04)
Weighted Average Number of Shares Outstanding15,130,05415,130,054
Commenting on the Company’s results, Edward Spink, TurboSonic CEO, stated, “Effective management of a significant order volume and record revenue that resulted from our strategies of international expansion, product development, and quality improvement has delivered record earnings for our shareholders. We will continue our efforts to develop new solutions that are responsive to the progressively complex problems of air emissions control to support our plans for growth.
According to The McIlvaine Company, a recognized independent market consulting firm with expertise in the air pollution control industry, the world market for air pollution control systems, products and services is forecast to grow from $65 billion in 2004 to $250 billion by 2015.
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