QUICK TAKE:
For the three months ended June 30, 1998, net sales were $9,968,812, a 53% increase over the $6,498,765 reported for the fourth quarter of 1997 ( VERY POSITIVE) This was the largest quarter, in terms of revenues, in the company's history. Operating income decreased to $564,571 for the fourth quarter from $671,096 in the same period a year ago as Pacer and Cook Bates ran parallel operations from March 1998 through June 1998.( THIS MODERATE DECREASE SHOWS THAT MANAGEMENT IS DOING GOOD JOB OF INTEGRATING THE COOK BATES) Net income was $386,313, or $.02 per share, versus $382,101, or $.02 per share, for the corresponding quarter last year ( THIS IS QUITE POSITIVE SINCE OFTEN COMPANIES REPORT A LOSS AFTER A TAKEOVER)
For the year ended June 30, 1998, net sales improved 24% to $31,938,514, up from $25,677,840 during the last fiscal year. (THIS IS WITHIN THE RATE OF SALES INCREASE THAT JIM MUNN PROMISED) Operating income was $2,972,265, a 16% increase over $2,562,033 in 1997. Net income rose 27% to $1,541,049, or $0.09 per share, up from $1,217,402, or $0.07 per share, in the prior fiscal year. ( IMAGINE THAT PTCH EARNED MORE MONEY ANNUALLY THAN BORDERS - NOW AT $27. MORE MONEY THAN AMAZON-$128 , THAN NETSCAPE-$31, ETC).
ONCE THE PARALLEL OPERATIONS BECOME BECOME ONE OPERATION, ITS SEEMS THAT EARNINGS COULD EASILY DOUBLE FROM HERE.
REVENUES OVER THE LAST FOUR YEARS:
95/$20.6 MILLION...96/$22. MILLION...97/$25.7 MLLION.... ...98/$31.8 MILLION
NET INCOME OVER THE LAST FOUR YEARS:
95/-$200,00.....96-/$900,00....97/$1.2 MILLION....98/1.5 MILLION
EARNINGS PER SHARE OVER THE LAST FOUR YEARS
95/-$.01...96/$.06...97/$,08......98/.$.10 |
