Armada Data 10 Year Revenue /Profit (loss) / Dividend Chart
Legend: M = Millions, K = Thousands,
Common Shares: 17.7 million, 50% held by directors
Note: In 2011, ARD purchased Mister Beer and wrote it off in 2015
Note: In 2012, a director and one of the largest shareholders passed away
Note: CEO and 20% shareholder Jim Matthews loans company $200,000 Feb.2015
Note: 2016 Sales only based on first three quarters. Year end will be out end of September
2006 – Sales: $1.56M – Net Loss: $48K – Assets:663K – Liabilities - $151K – Dividend - 0
2007 – Sales: $1.67M – Net Income: $100K – Assets: $792K – Liabilities - $107K – Dividend - 0
2008 – Sales: $1.73M – Net Income: $166K – Assets: 964K – Liabilities – $104K – Dividend – 0
2009 – Sales: $2.15M – Net Income: $141K – Assets: $1.18M – Liabilities - $180K – Dividend - 0
2010 – Sales: $2.94M – Net Income: $289K – Assets: $1.56M – Liabilities - $222K – Dividend - $67K
2011 – Sales: $3.06M – Net Income: $270K – Assets: $1.96M – Liabilities - $280K – Dividend - $71K
2012 – Sales: $3.1M – Net Loss: $637K – Assets: $1.7M – Liabilities - $305K – Dividends - $82K
2013 – Sales: $2.59M – Net Loss: $496K – Assets: $1.58M – Liabilities - $628K – Dividends – 0
2014 – Sales: $2.23M – Net Loss: $240K – Assets: $1.25M – Liabilities - $546K – Dividends – 0
2015 – Sales: $2M – Net Loss: $640K – Assets: $730K – Liabilities - $660K – Dividends – 0
2016 – Sales: $1.6M – Net Income: $186K – Assets: $854K – Liabilities - $597K – Dividends paid yearly
After 10 years of sales, it’s clear to see how ARD.V had grown as a company from 2006 to 2011, even through the financial crisis of 2008. However, after the asset purchase of Mister Beer in 2011 and passing of director Paul Timoteo, the combination hurt the company from 2012 to 2015 and almost made it go bankrupt. With the directors now focused on the original five revenue producing assets, along with some cost reductions, ARD will be able to recover back to a profitable position and possibly pay dividends once again. So far after 9 months without Mister Beer, ARD has earned over 1 cent in net income and this should continue to carry forward.
Additional articles:
Mister Beer Purchase: armadadata.com
Director Passing: armadadata.com
ARD Q3 2016 Results: armadadata.com
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