RESY ($4 3/8) came out with earnings (up 60% to $0.16!). News release not out yet, but numbers are on Edgar. Here's the details:
(3 months ending June 30th, 1998 vs. June 30th, 1997)
Revenue: $2,653,092 vs. $2,267,362 (up 17%)
Net Income: $242,547 vs. $148,808 (up 62.9%)
EPS: $0.16 vs. $0.10 (up 60%)
EPS (diluted): $0.14 vs. $0.09 (up 56%)
Shares Out: 1,473,950 vs. 1,473,950
Fully diluted shares outstanding: 1,691,411 vs. 1,578,510
Current ratio improved to 3.7:1 compared to 3.5:1 last quarter and 2.7:1 last year.
Book value improved to $1.67/share, vs. $1.50 last quarter and $1.03 last year.
The company still has $2.1 million left in Federal Tax Loss carryovers and $1.9 million in state tax loss carryovers.
No material long term debt.
Untapped $1 million line of credit thru M&I Bank.
Company has stated that they will begin a conservative acquisition program to accelerate sales (internal growth rate 15-20%).
Great Numbers!
Gator |
