SecureAlert (OTC: SCRA) today reported gross profit improvement of $4,713,431 and a reduction in net loss of $9,161,891 for the fiscal year ending September 30, 2010, compared to the year ending 2009. SecureAlert has a market cap of $34 million an a 52-week range between $0.08 and $0.16 per share.
Recurring revenues from monitoring services grew from $12,055,159 in the fiscal year that ended September 30 2009 to $12,079,757 for the same reporting period in 2010, an increase of $24,598. Importantly, this was achieved while loss from operations decreased from $20,955,333 for fiscal year ended September 30 2009 to $10,083,337 for the same reporting period in 2010, or an improvement of $10,871,996, or 52%.
The Company reported a gross profit of $4,881,196 for the fiscal year ended September 30, 2010 compared to a gross profit of $167,765 for the fiscal year ended September 30, 2009, an improvement of $4,713,431, or an improvement of 2,910%. Gross profit margin increased from 1% in the fiscal year ended September 30 2009 to 39% for the same reporting period in 2010. During the years ended September 30, 2010 and 2009, the Company impaired monitoring equipment and parts of $590,801 and $2,319,530, respectively. Excluding impairment costs, adjusted gross margins were $5,471,997 and $2,487,295, a 220% improvement for the fiscal years ended September 30, 2010 and 2009, respectively.
"I am pleased with Company's progress and accomplishments over the past fiscal year, as we have focused on driving profitability. I am happy to report that these concentrated efforts have resulted in a gross margin improvement of 38 basis points and a reduction in our net operating loss by 52%, all while increasing our recurring revenue base," said John L. Hastings, III, President and Chief Operating Officer of SecureAlert, Inc.
SecureAlert is an international provider of electronic monitoring systems, case management and services utilized by more than 625 law enforcement agencies worldwide. SecureAlert offers real-time intervention services and innovative technologies to observe and track offenders wherever they may be: In their car, home or office. The Company delivers solutions and peace of mind through programs that allow probationers and paroled offenders to re-enter society by electronically monitoring them 24 hours a day, for enhanced public safety, while reducing the overall burdens and costs carried by the criminal justice and corrections systems.
Cereplast, Inc. (NASDAQ: CERP) 133% Jump In Revenue and $12 Million in the Bank
Date: February 11, 2011 4:11 PM Publisher: EQUITIES Editors Desk Source: Tom Copeland Categories: US Markets Tags: (NASDAQ:CERP), cereplast, equities, bioplastics, prviate placement, euroink romania, green tech, recycling, merriman capital inc, lazard capital markets
Cereplast, Inc., the leading manufacturer of proprietary bio-based, compostable and sustainable plastics in Europe, announced a securities purchase agreement the company struck with institutional investors last month worth approximately $12 million. The bioplastics manufacturer has been on a roll in Europe, preparing to amplify its production to meet the demands of new deals in Italy, Romania and elsewhere.
The green-plastics company agreed to sell about 2.6 million units consisting of one share of common stock and warrants to purchase 0.25 shares of common stock at a price of $4.75 per unit and at an exercise price of $6.35 a share. The resulting bottom-line proceeds for Cereplast are approximately $12 million less $1 million relating to fees and expenses incurred during the transaction. Today, shares of Cereplast are up 3.5% to settle around $5.00 a pop.
Legendary investment bankers Lazard Capital Markets served as lead placement agent for the offering with Merriman Capital, Inc. and Ardour Capital Investments, acting as co-placement agents. Cereplast plans to use the funds as working capital to bolster cash receipts as the company continues its rapidly growing product order pipeline that includes its Compostables and Sustainables Resins offerings.
The two bio-based, synthetically converted bioplastic products are ideally suited for single use applications where compostability one-time use is advantageous like in the food service industry. Even more appetizing for investors is that the company is able to sell its bioplastics at a price point that is competitive with the petroleum-based plastics that rule our world today.
Those product lines are indeed growing. During the first three weeks of 2011, Cereplast announced new distribution agreements in Italy, Romania, Poland and Slovenia with multiple companies. These contracts reflect Cereplast's rapid growth and expansion across the Pan-European marketplace, a bustling hub for demand among environmentally conscious companies that use plastics in their everyday operations (think packaging, shipping, and utensils, etc).
The books can back up the momentum. This past year Cereplast's total sales revenue was up 133%, from $2.7 million in 2009 to $6.3 million for 2010. Projected revenue for the 2011, according to senior executive members: between $24 million and $32 million, a 300% to 400% increase compared to 2010.
Frederic Scheer, Chairman and CEO of Cereplast, has been saying all year long that demand for bioplastic resin in Europe is soaring, especially in Poland. "The increasing market penetration we are gaining in various parts of Europe gives us greater visibility to outline our growth expectations for 2011", he said.
The private placement transaction closed on February 1, 2011. With a bank account full of capital and a worldwide push towards greater sustainability and bio-based product manufacturing and consumption, Cereplast could put its 2011 full year revenues over the edge – again.
Jeff Roberts, On Monday November 7, 2011, 6:48 pm EST
Investors are not the only ones who see Groupon (NSDQ:GRPN - News) as a money maker these days. In a lawsuit filed today, a California company is claiming the daily-deal site’s mobile shopping apps infringe its location technology.
[Update: Court records show that the plaintiff also filed a similar suit against review site Yelp]
The patent in question is owned by a subsidiary of Hothand, an Orange County firm that gained attention in 2009 by offering advertisers a way to send messages to students on their mobile phones. The company received the patent in 2010 and has already used it to sue Foursquare, the location-based social networking service. The new lawsuit says that Groupon’s apps for the iPhone and iPad violate the patent as do its Android, Windows and BlackBerry applications.
If it’s as broad as it sounds, the patent could spell trouble for the emerging location-based marketing industry. The patent abstract describes it as:
A subscription-based system for providing commerce information for one or more mobile devices for one or more merchants. Some techniques employed feature a subscription-based method for presenting commercial resources to a mobile device. The method involves receiving mobile device user information relating to a geographic location to locate one or more merchants within a subscription-based shopping network, and receiving mobile device user information relating to a merchant type within the subscription-based shopping network…
Jonathan Hangartner, the attorney for the patent owner, says that Hothand’s technology is the “earliest implementation of a mobile coupon network” and that the inventor spent years developing the business. If this is true, the lawsuit is not a run-of-the-mill “patent troll” case in which investors buy up shaky patents and then sue in an unfriendly district in the hopes of forcing a settlement.
Groupon did not immediately return requests for comment. Foursquare, which is fighting an identical infringement case, has previously described the allegations as without merit. The court docket for the Foursquare case shows that settlement negotiations failed this summer and that the parties are preparing to dispute the terms of the patent claims.
After its frenetic IPO last week, Groupon’s shares appear to have mellowed out this week, closing at just under $26.