OK what's up with this company! Came across my screen as big
decliner today, but all the fundamentals look great. Strong
earnings, low debt, increasing revenues low float. As my mother
always said if sounds too good to be true it is. So what is the
catch. And why don't they ever issue any press releases? Here is
some fundamental data for anybody who is interested
Lifschultz Industries Inc Ticker: LIFF Page 1 of 10
Complete Financials: January 1998 Exchange NASD
FY END JUL
ISSUE DATA (06/05/98) PER SHARE DATA RATIOS
Price $ 8.13 EPS (TTM) $ 1.14 P/E (TTM) 7.15
52W High $ 10.38 Div. Rate $ 0.00 Yield 0.00 %
52W Low $ 2.34 Book Value $ 7.60 Price/Book 1.07
Shrs Out 1.11 Mil Cash $ 1.34 ROE (TTM) 17.15 %
Float 0.40 Mil Rev (TTM) $ 12.44 ROA (TTM) 13.57 %
Mon. Vol 0.10 Mil Curr. Ratio 3.29
Beta -1.36 LT Dbt/Eqty 0.01
BRIEF: Lifeschultz Industries develops, manufactures and
markets scientific and industrial instrumentation, and
instrument calibration equipment. The Co. also manages real
estate interests. For the 6 mos ended 1/98, revenues rose
34% to $7.5M. Net income increased 67% to $737K. Results
benefitted from increased revenues from the Hart Scientific
subsidiary. Net income also reflects increase in gross
profit due to sales of higher priced instruments.
Copyright (c) 1998, Market Guide Inc., All rights reserved (more)
]Lifschultz Industries Inc QUARTERLY SUMMARY Page 2 of 10
HISTORICAL QUARTERLY RESULTS(Thousands of U.S. Dollars)
REVENUE 1995 1996 1997 1998
1st Qtr OCT 2,130 2,355 2,699 3,659
2nd Qtr JAN 2,394 2,976 2,930 3,867
3rd Qtr APR 2,487 2,948 3,228
4th Qtr JUL 2,282 3,013 3,357
EPS (U.S. Dollars per share)
1st Qtr OCT 0.172 0.200 0.225 0.222
2nd Qtr JAN 0.145 0.277 0.142 0.430
3rd Qtr APR 0.101 0.197 0.137
4th Qtr JUL -0.018 -0.062 0.350
FY'89-'90 restated due to the 5/91 disc. ops. of Zi-Tech.
FY'93 Q's restated due to acctg. change. 10/94-1/95 Q's are
restated. 10/96, 876K Pref. shs. conv. into 11.8M of Comm.
DIVIDENDS EMPLOYEES
Last Dividend Decl. $ NA # Employees 58
Last Div Ex-Date NA Sales/Employee (TTM) 243,293
Last Div Pay Date NA Net. Income/Empl.(TTM) 21,966
Copyright (c) 1998, Market Guide Inc., All rights reserved (more)
]Lifschultz Industries Inc COMPANY COMPARISON Page 3 of 10
TO THE SCIENTIFIC & TECHNICAL INSTRUMENTS AND S&P 500 AGGREGATES
VALUATION RATIOS: COMPANY INDUSTRY S&P 500
P/E Ratio 7.15 28.23 29.45
Dividend Yield 0.00 0.54 1.42
Price to Tangible Book 1.07 7.95 10.02
Price to Book 1.07 5.15 7.08
Price to Free Cash Flow -29.98 30.66 43.39
GROWTH STATISTICS:
3 Yr Rev Growth 19.91 20.30 14.31
3 Yr EPS Growth NM 20.00 15.65
3 Yr Div Growth NM 7.91 10.92
Reinvestment Rate 100.00 86.30 67.34
PROFITABILITY RATIOS:
Net Profit Margin 9.03 6.93 10.38
Return on Equity 17.15 10.43 21.94
Interest Coverage 12.33 8.45 10.17
FINANCIAL STRENGTH RATIOS:
Current Ratio 3.29 2.87 1.45
LT Debt to Equity 0.01 0.76 0.79
Total Debt to Equity 0.06 0.96 1.05
Copyright (c) 1998, Market Guide Inc., All rights reserved (more)
]Lifschultz Industries Inc TRADING & PRICE PERFORMANCE Page 4 of 10
INSTITUTIONAL OWNERSHIP INSIDER TRADING (Prev. 6 months)
% Shares Out. Owned NA % Net Insider Trades NA
# of Institutions NA # Buy Transactions NA
Total Shs Held NA Mil # Sell Transactions NA
3 Mo. Net Purch. NA Mil Net Shares Bought NA Mil
3 Mo. Shs Purch. NA Mil # Shares Bought NA Mil
3 Mo. Shs Sold NA Mil # Shares Sold NA Mil
4 Week Price % Change -5.8% 4 Week Rel. Price % Change -3.9%
13 Week Price % Change 62.5% 13 Week Rel. Price % Change 57.2%
26 Week Price % Change 73.3% 26 Week Rel. Price % Change 56.4%
52 Week Price % Change 73.3% 52 Week Rel. Price % Change 35.3%
YTD Week Price % Change 73.3% YTD Week Rel. Price % Change 55.3%
SHORT INTEREST
Current month 0.016 Mil
Previous month 0.017 Mil
Avg Daily Vol. 0.001 Mil
MARKET MAKERS: MHMY NITE WDCO NAWE MASH SHWD HRZG PGON TSCO
Copyright (c) 1998, Market Guide Inc., All rights reserved (more)
]Lifschultz Industries Inc EQUITY, OFFICERS & ADDRESS Page 5 of 10
Common Stock $.001 Par, 1/98, 80M auth., 1,111,479 issd.,
less 22,560 shares in Treas. @ $157K. Insiders own 49%. 2
others own 13%. 6/88, 5.4M shs. issd. in the Hart Scientific
merger (1 sh. Hart for 52 LIFF shs.). (As of 7/97) STD:
$153K @ Prime + 1.5%, $50K @ 7.5%; LTD: $123K in leases.
*FY'96 Q's are reclass. 1/98, 1-for-50 reverse split.
OFFICERS: David K. Lifschultz, Chmn./CEO, Dennis R. Hunter,
Pres./CFO, James Gleason, Secy./Counsel, Tim O. Pont, Contr.
TRANSFER AGENT: Interwest Transfer Co. Company incorp.
1987 in DE. Direct inquiries to: James Gleason, Secy./
Counsel.
ADDRESS & PHONE NUMBERS
Lifschultz Industries Inc
641 West 59th Street
New York, NY 10019
PHONE: (212) 397-7788
FAX: (212) 582-3972
Copyright (c) 1998, Market Guide Inc., All rights reserved (more)
]Lifschultz Industries Inc ANNUAL INCOME STATEMENT Page 6 of 10
(Thousands of U.S. Dollars)
12M 07/31/94 12M 07/31/95 12M 07/31/96 12M 07/31/97
Sales 7,085 9,293 11,292 12,214
R & D Contracts 0 0 0 0
Interest 0 0 0 0
Total Revenue 7,085 9,293 11,292 12,214
Cost of Goods Sold 3,543 4,314 4,880 6,013
R & D Contracts 0 0 0 0
Gen./Admin. 3,878 3,583 4,831 5,056
Marketing 0 0 0 0
R & D 459 818 694 866
Interest Expense 154 35 42 44
Other 0 0 0 0
Total Expenses 8,034 8,750 10,447 11,979
Operating Income -949 543 845 235
Copyright (c) 1998, Market Guide Inc., All rights reserved (more)
]Lifschultz Industries Inc ANNUAL INCOME STATEMENT Page 7 of 10
(Thousands of U.S. Dollars)
12M 07/31/94 12M 07/31/95 12M 07/31/96 12M 07/31/97
Operating Income -949 543 845 235
Income Before Taxes -949 543 845 235
Income Taxes 115 66 126 -743
Income After Taxes -1,064 477 719 978
Preferred Dividends -235 0 0 0
Pri/Bas EPS Ex. XOrd -2.013 0.417 0.608 0.840
Disc. Ops. 0 0 0 0
Extraordinary Item 126 143 1,296 314
Pri/Bas EPS In. XOrd -1.818 0.542 1.704 1.110
Primary/Basic Avg Sh 645.37 1,144.80 1,182.28 1,164.20
Common Dividends/Shr 0.0000 0.0000 0.0000 0.0000
Copyright (c) 1998, Market Guide Inc., All rights reserved (more)
]Lifschultz Industries Inc SELECTED INCOME STATEMENT Page 8 of 10
(Thousands of U.S. Dollars)
QUARTERS YEAR TO DATE
3M 01/31/97 3M 01/31/98 6M 01/31/97 6M 01/31/98
Revenue 2,930 3,867 5,629 7,526
Operating Expenses 2,694 3,323 5,095 6,683
Operating Income 236 544 534 843
Non-Operating Income 0 0 0 0
Non-Operating Expenses 0 0 0 0
Income Before Taxes 236 544 534 843
Income Taxes 68 65 93 106
Adjustments to Income 0 0 0 0
Inc. for Primary EPS 168 479 441 737
Pri/Bas EPS Ex. XOrd 0.142 0.431 0.367 0.653
Disc Opns + Xord Items 0 0 0 0
Pri/Bas EPS In. XOrd 0.142 0.431 0.367 0.653
Primary/Basic Avg Sh 1,181.56 1,111.48 1,196.37 1,136.35
Dilutd EPS Excl XOrd 0.142 0.431 0.367 0.653
Dilutd EPS Incl XOrd 0.142 0.431 0.367 0.653
Common Dividends/Shr 0.000 0.000 0.000 0.000
Copyright (c) 1998, Market Guide Inc., All rights reserved (more)
]Lifschultz Industries Inc SELECTED BALANCE SHEET Page 9 of 10
(Thousands of U.S. Dollars)
YEAR ENDING QUARTER ENDING
07/31/96 07/31/97 01/31/97 01/31/98
Cash & ST Investments 2,025 1,477 1,666 1,463
Receivables 1,774 1,838 1,643 2,528
Total Current Assets 5,381 5,613 5,017 6,734
LT Investments 0 0 0 0
Fixed Assets 3,462 3,442 3,359 3,237
Total Assets 8,843 9,597 8,376 10,420
Accounts Payable 632 473 584 737
ST Debt & Curr LTD 352 225 413 398
Total Current Liab. 2,607 1,956 1,695 2,046
LT Debt & Cap Leases 0 101 0 98
Total Liabilities 2,607 2,057 1,695 2,144
Preferred Stock 9 0 0 0
Common/Paid In Capital 11,022 11,043 11,035 11,043
Retained Earnings -4,623 -3,331 -4,182 -2,595
Total Equity 6,236 7,540 6,681 8,276
Shares Outstanding 850 1,089 1,111 1,089
Copyright (c) 1998, Market Guide Inc., All rights reserved (more)
]Lifschultz Industries Inc SELECTED STMT OF CASH FLOWS Page 10 of 10
INDIRECT METHOD (Thousands of U.S. Dollars)
ANNUAL YEAR TO DATE
12M 07/31/96 12M 07/31/97 6M 01/31/97 6M 01/31/98
Net Income 2,015 1,292 441 736
Depreciation & Amort. 566 684 429 321
Non Cash Items -1,377 -1,095 0 145
Total Operating CF 1,189 144 53 -68
Capital Expenditures -235 -540 -326 -116
Total Investing CF -798 -515 -326 -335
Dividends Paid 0 0 0 0
Sale (Purch.) of Stock 0 4 4 0
Net Borrowings -106 -156 -90 170
Total Financing CF -106 -152 -86 170
Exchange Rate Effect 0 0 0 0
Net Change In Cash 285 -523 -359 -233
Oper CF-Cap Exp-Div Pd 954 -396 -273 -184
|
