New York, NY, June 10, 2010,T12-NEWS reports that Revenue for First American Scientific (OTC:FASC) for its trailing twelve months (TTM) ended March 31, 2010 was $1,477,195, a 189.57% increase over the year earlier same twelve months when First American Scientific generated $510,142 in Revenue. The increase compares with Revenue of $1,276,461, which was an increase of 153.27% for its nine months ended March 31, 2010 as compared to Revenue of $504,000 for the prior year period. The 189.57% increase in twelve month Revenue compared to a -4.54% decrease in Revenue for its most recent third quarter ended March 31, 2010.
The Pollution and Treatment Control Products industry in which First American Scientific is a member generated a Revenue decrease of -11.99% over its most recent twelve months which compared to an increase of 189.57% in Revenue for the company over the earlier or comparable twelve months. The industry's Revenue statistics compared to a decrease in aggregate Revenue of -10.78% for the S&P 500's non-financial companies and an aggregate decrease in Revenue of -13.12% for the Dow Jones Industrial's non-financial companies.
The Pollution and Treatment Control Products industry is currently ranked at 153 out of 230 industries based on Revenue growth rates for all industries over the latest 12 months according to T12-NEWS.
T12-NEWS is a publisher of proprietary financial news. It is dedicated to reporting on revenue and earnings data, which cover a public company’s most recent versus previous or TRAILING 12 month and fourth quarter financial information and data. The proprietary news that it publishes is calculated from the quarterly reports (10Q’s) and annual reports (10K’s) which a publicly traded company is required to file with the United States Securities Exchange Commission (SEC). The reporting of trailing 12 month news for public companies is essential because public companies are not required by the U.S. Securities & Exchange Commission (SEC) to report trailing 12 month or fourth quarter financial data when they make their quarterly and annual filings.
The reporting and publishing of Trailing 12 month data is necessary because a constant look back at the previous 12 months of comparative data will give investors a more stable reading on the true health of a public company. T12-NEWS also covers and reports on fourth quarter revenue for all publicly traded companies. Fourth quarter comparisons of financial information as compared to previous fiscal year fourth quarters can also give investors better readings on the financial health of a publicly traded company. Public companies can withhold or push negative information from the first three quarters of a fiscal year to their fourth quarter because they are not required to file a quarterly report for their fourth quarter by the SEC. The quarterly, semi-annual, nine month and annual reports that a public company is required to be filed with the SEC can be skewed because they cover shorter time horizons.
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