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Microcap & Penny Stocks : TVCP - Talk Visual Corporation -- Ignore unavailable to you. Want to Upgrade?

To: SCOOBEY-DO who wrote (168)	5/10/2002 8:54:23 AM
From: SCOOBEY-DO	Read Replies (1) \| Respond to of 180

TVCP filed their 1st quarter 10-Q on 5/7/02. Sales increased 92% and gross margin was 27.6% compared to 19.5% for 2001. TALK VISUAL CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) THREE MONTHS ENDED MARCH 31, ---------------------------- 2002 2001 ---- ---- REVENUE Telecommunication sales and services $1,877,471 $ 976,222 COSTS OF SALES AND SERVICES 1,358,872 785,424 ---------- ---------- GROSS PROFIT 518,599 190,798 ---------- ---------- COSTS AND EXPENSES Selling, general and administrative 902,977 1,058,022 Depreciation and amortization 93,438 95,567 ---------- ---------- Total costs and expenses 996,415 1,153,589 ---------- ---------- INCOME (LOSS) FROM OPERATIONS (477,816) (962,791) ---------- ---------- OTHER INCOME (EXPENSE) Interest expense, net (11,251) (8,068) Gain on disposal of property and equipment 7,321 - Foreign currency translation gain - 10,388 Write down of equity securities - (51,000) ---------- ---------- (3,930) (48,680) INCOME (LOSS) FROM CONTINUING OPERATIONS (481,746) (1,011,471) INCOME (LOSS) FROM DISCONTINUED OPERATIONS 69,943 23,338 ---------- ---------- NET INCOME (LOSS) $ (411,803) $ (988,133) ========== ========== NET LOSS PER COMMON SHARE - BASIC AND DILUTED FROM CONTINUING OPERATIONS(1) $ (0.003) $ (0.012) DISCONTINUED OPERATIONS 0.000 0.000 ---------- ---------- NET LOSS $ (0.003) $ (0.012) ========== ========== WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING DURING THE PERIOD 147,705,211 85,044,557 ========== ========== (1) The effect of common stock options and warrants is excluded from diluted earnings per share as its inclusion would be anti-dilutive for the three month periods ended March 31, 2002 and 2001.