SAMPLE POST ON......ABTX
AGRIBIOTECH.........ABTX............http://www.agribiotech.com
PHONE #....1 702 798-1969
BUSINESS SUMMARY:
AgriBioTech, inc. is a full service seed company specializing in developing, processing, packaging and distributing varieties of forage and cool season terfgrass seed. For the 3 months ended 9/30/97, ney sales rose from $7.7M to $40.5M. Net income totalled $758K vs. a loss of $12.3M. Revenues benefitted from the company's acquisition program. Earnings also reflect lower operating expenses as a percentage of sales.
COMMENTS:
Two of ABTX's last three quarters have been profitable. The company has grown from 5M in sales since '95 to 200+M in '98. Management targets 500M in sales by year 2000. Company is 12 to 18 months ahead of that schedule.
SALES REPORT:
.................Three months ended...........Three months ended
......................Sept 30 1997...........Sept 30 1996
SALES..............40,458,106......................7,653,171
GROS PROFITS........7,534,165......................2,040,591
OPERATING INCOME....1,063,300......................(1,528,799)
NET EARNINGS........784,540........................(1,294,671)
NET EPS...............0.03............................(0.14)
TOTAL ASSETTS......Sept 30, 97....June 30, 97..........June 30 96
...................103,259,012.....95,113,025..........26,183,788
CLOSING PRICE 1/23/98......17.81
52 WEEK HIGH...............19.56
52 WEEK LOW................2.25
MARKET CAP.................513 MILLION
SHARES OUTSTANDING.........28 MILLION
FLOAT......................21 MILLION
12 MONTH TRAILING EARNINGS.....-0.07
PE RATIO.......................N/M
BOOK VALUE.................2.10
PRICE TO BOOK..............8.46
SALES PER SHARE............4.84
CASH PER SHARE.............0.07
TOTAL DEBT/EQUITY..........0.34 |
