everything is right about this situation except the price of the stock...about.50 on otc bb:
Astrex, Inc. Reports the Filing of Its Second Quarter 10-QSB
PLAINVIEW, N.Y., Nov. 13 /PRNewswire/ -- Astrex, Inc. (OTC Bulletin Board: ASXI - news) reports that it has filed its Second Quarter 10-QSB report for the period ending September 30, 2000 with the SEC. As previously reported on a preliminary basis, the results for the Second Quarter show a strong continuation of the Company's positive trend with Net Income and Sales exceeding the prior fiscal year's second quarter results.
Specifically, the results for the Second Quarter as compared to the previous fiscal year's second quarter are:
-- Net Income of approximately $159,000 for the Second Quarter and
$313,000 for the first half of the fiscal year as compared to
approximately $51,000 and $122,000 for the respective periods a year
ago;
-- Per Share (diluted) Net Income of approximately $0.02 for the Second
Quarter and $0.05 for the first half of the fiscal year as compared to
$0.01 and $0.02 for the respective periods a year ago;
-- Net Sales of approximately $4,612,000 for the Second Quarter and
$9,126,000 for the first half of the fiscal year as compared to
approximately $4,004,000 and $7,858,000 for the respective periods a
year ago; and
-- Total Shareholders' Equity as of September 30, 2000 of $3,973,000 as
compared to $3,654,000 at the same date last year.
In addition as previously reported:
-- Bookings (i.e. orders) for the Second Quarter were approximately
$4,840,000 and for the first half of the fiscal year approximately
$9,560,000, as compared to approximately $4,097,000 and $8,076,000 for
the respective periods a year ago; and
-- Backlog (i.e. confirmed but not yet shipped orders) at October 1, 2000,
was approximately $4,404,000 as compared to approximately $3,957,000 at
the same date last year.
This press release briefly summarizes only certain portions of the Company's Quarterly Report on Form 10-QSB for the second quarter ended September 30, 2000 and readers should review the entire report filed with the SEC. Further, the Company cautions that the results for the Second Quarter and first half of the current fiscal year reported in its just filed 10-QSB have not been subject to audit and that they are only for the Second Quarter and the first half of the current fiscal year and thus are not necessarily indicative of what the results will be for the entire fiscal year.
This announcement contains forward-looking statements that involve risks and uncertainties, including those relating to the future business performance of Astrex. More information about some of the many potential factors which could affect the Company's business and financial results are included in the Company's Annual Report on Form 10-KSB for the year ended March 31, 2000, including (without limitation) under the captions ``Description of Business,'' ``Description of Property'' and ``Management's Discussion and Analysis or Plan of Operation,'' and in the Company's Quarterly Reports on Form 10-QSB for the first quarter ended June 30, 2000 and the second quarter ended September 30, 2000, all of which are on file with the Securities and Exchange Commission (http://www.sec.gov).
SOURCE: Astrex, Inc. |
