The Numbers...
THERMACELL TECHNOLOGIES, INC. and SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
Three Months Ended Nine Months Ended
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June 30, June 30,
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1999 1998 1999 1998
---- ---- ---- ----
Sales $1,310,625 $789,183 $3,250,976 $2,259,814
Cost of Sales 922,980 497,462 2,274,825 1,464,318
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Gross Profit 387,645 291,721 976,151 795,496
Selling, General
& Admin Expenses 624,738 430,055 1,810,052 1,178,124
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Loss from Operations (237,093) (138,334) (833,901) (382,628)
Other income
(expense) (19,430) 19,773 (24,463) 84,685
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Loss Before
Income Taxes (256,523) (118,561) (858,364) (297,943)
Deferred Income
Tax Benefit 51,305 23,712 171,672 59,589
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Net Loss ($205,218) ($94,849) ($686,692) ($238,354)
========= ========= ========= =========
Basic Loss per
Common Share ($0.02) ($0.03) ($0.09) ($0.08)
========= ========= ========= =========
Weighted Average
Common Shares
Outstanding 8,698,238 4,153,620 7,575,889 3,432,484
========= ========= ========= =========
Forward Looking Statements: This news release contains certain ''forward-looking'' statements within the meaning of the
Private Securities Litigation Reform Act of 1995, which provides a new ''safe harbor'' for these types of statements. To the extent statements in this news release involve, without limitation, product development and introduction plans, the Company's expectations for growth, estimates of future revenue, expenses, profit, cash flow, balance sheet items, sell-through or backlog, forecasts of demand or market trends for the Company's product categories and for the industries in which the Company operates, or any other guidance on future periods, these statements are forward-looking statements. The Company assumes no obligation to update forward-looking statements. ----------------------------------------------------------------------
Contact:
Thermacell Technologies
Gary Fishman
or
Kimberly Ferro
212-889-1727 |
