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Technology Stocks : Adam's Golf (ADGO)
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To: Peder E. Angvall who wrote ()11/9/2006 11:09:43 AM
From: Scoobah   of 18
 
Adams Golf Announces Results for Third Quarter 2006

Adams Golf (OTCBB:ADGO) today reported net sales of $15.0 million for the third quarter ended September 30, 2006 as compared to $10.2 million in the comparable period of 2005. The Company reported a net loss of $0.5 million, or $0.02 fully diluted per share for the third quarter ended September 30, 2006, as compared to a net loss of $0.4 million, or $0.02 fully diluted per share for the comparable period of 2005. In the 2005 third quarter, the Company benefited from the reversal of a legal accrual in the amount of $1.8 million pretax.

For the nine months ended September 30, 2006, net sales were $63.0 million as compared to net sales of $46.8 million in the comparable period of 2005. The Company reported net income of $4.6 million in the 2006 period, or $0.20 fully diluted per share, as compared to net income of $4.3 million and fully diluted earnings per share of $0.19 in the comparable period of the prior year.
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