I may hurl!!!.....................................................
BOYDS WHEELS INC files 0930 qtr 10-Q. Reports $-0.55 EPS.
IFN Smart Edgar News - November 17, 1997 19:46
Excerpted from 10QSB filed on 11/17 by BOYDS WHEELS INC:
BOYDS WHEELS INC files 0930 qtr 10-Q. Reports $-0.55 EPS.
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATION.
THE FOLLOWING DISCUSSION INCLUDES FORWARD-LOOKING STATEMENTS WITH RESPECT TO THE
COMPANY'S FUTURE FINANCIAL PERFORMANCE. ACTUAL RESULTS MAY DIFFER MATERIALLY
FROM THOSE CURRENTLY ANTICIPATED AND FROM HISTORICAL RESULTS DEPENDING UPON A
VARIETY OF FACTORS, INCLUDING THOSE DESCRIBED BELOW AND UNDER THE SUB-HEADING,
"BUSINESS RISKS." SEE ALSO THE COMPANY'S ANNUAL REPORT ON FORM 10-KSB FOR THE
YEAR ENDED DECEMBER 31, 1996.
GENERAL
The Company designs, manufactures and markets high quality aluminum
wheels for the specialty automotive and motorcycle aftermarkets. The Company
also markets a premium line of car care products and a line of sportswear under
its own label. The Company sells its products domestically through a national
distribution network of tire and performance retailers, warehouse distributors
and mail order outlets and internationally through foreign distribution
channels. The Company's wholly owned subsidiary, Hot Rods By Boyd, Inc., designs
and manufactures custom vehicles which are sold directly to private clientele
and promotional businesses.
(End of item excerpt.)
----------FINANCIAL DATA SCHEDULE--------
PERIOD-TYPE 9-MOS
FISCAL-YEAR-END DEC-31-1997
PERIOD-START JAN-01-1997
PERIOD-END SEP-30-1997
CASH 556,527
SECURITIES 0
RECEIVABLES 2,503,223
ALLOWANCES 1,175,117
INVENTORY 8,627,449
CURRENT-ASSETS 12,924,809
DEPRECIATION 4,622,078
TOTAL-ASSETS 27,894,735
CURRENT-LIABILITIES 14,005,999
BONDS 1,344,419
PREFERRED-MANDATORY 0
PREFERRED 0
COMMON 17,856,101
OTHER-SE (5,667,736)
TOTAL-LIABILITY-AND-EQUITY 27,894,735
SALES 4,777,007
TOTAL-REVENUES 4,777,007
CGS 5,202,547
TOTAL-COSTS 5,202,547
OTHER-EXPENSES 0
LOSS-PROVISION 0
INTEREST-EXPENSE 0
INCOME-PRETAX (2,231,843)
INCOME-TAX (112,200)
INCOME-CONTINUING (2,119,643)
DISCONTINUED 0
EXTRAORDINARY 0
CHANGES 0
NET-INCOME (2,119,643)
EPS-PRIMARY (.55)
EPS-DILUTED 0 |
