Daniel, last night I realized TMSR has grown from $389,000 to $30.8 million in only 6 years - has done so without making any acquistions, and been comfortably profitable the last 5 years. In a word - WOW!
While I await an investor's packet from TMSR, I would like to share the following 'Thrustmaster Selected Financial Data' I pulled together last night from various webpages. I can report I also found a couple of other good newsgroup to follow - rec.avaition.simulators; microsoft.public.simulators; and, comp.sys.ibm.pc.games.flight-sim
Questions:
1. I noticed reference to a 12/11/95 lawsuit TMSR filed against Suncom's parent company, WICO. What is the status on this?
2. Reference was made in the 1995 annual report to the planned introduction in 1996 of a 3-D game controller and "opportunities to produce leading-edge training controllers for the space and defence industries". What is the status on these projects?
--alan
BTW ... When I posted this, all my numbers were in nice, neat columns! When I tried using the fixed font option, they scattered! Please advise how I can do this better the next time :)
Statements of Income Data:
(Thousands)..12-31-91 1992 1993 1994 1995 1996
Revenues.........$389 $2,655 $8,214 $13,582 $19,415 $30,821
Cost..............278 1,438 4,290 8,007 11,815 19,592
GROSS PROFIT......111 1,217 3,924 5,575 7,600 11,229
Total expenses....122 687 2,581 3,804 5,956 8,066
Income (loss).....(11) 530 1,343 1,771 1,644 3,163
Interest income....-- -- -- -- 404 466
Income B4 taxes..$(11) $530 $1,343 $1,771 $2,048 $3,629
Income taxes.......-- 169 456 633 687 1370
Net income.......$(11) $361 $887 $1,138 $1,361 $2,259
Common stock
Net inc /share.$(0.01) $0.08 $0.20 $0.25 $0.30 $0.50
Note: I calculated these based on _current_ weighted average of 4,512 shares outstanding prior to the 3% stock dividend we are about to enjoy!
Balance sheet data:
(Thousands)
Working capital..$(15) $485 $1,022 $1,873 $12,276 $17,701
Total assets......243 965 2,905 4,575 15,102 21,261
Total liabilities.202 303 1,574 1,885 1,791 5,363
Total .............41 662 1,331 2,690 13,311 15,898
shareholders' equity
(TMSR was treated for federal and state income tax purposes as
an S corporation from January 1, 1991 through December 31, 1994...) |
