Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : AMERICAN BIOMED, Minimally Invasive Technology (ABMI) -- Ignore unavailable to you. Want to Upgrade?

To: greg Benfield who wrote (2163)	11/16/1998 3:07:00 PM
From: A66TALLguy	Read Replies (1) \| Respond to of 2887

greg: Isn't it customary for ABMI to submit the 10-Q without any press release? I've looked at the past news releases and each quarter a 10-Q is listed with no further explanation from the company. Am I missing these?

To: greg Benfield who wrote (2163)	11/17/1998 3:12:00 AM
From: Dan A.	Read Replies (2) \| Respond to of 2887

Interesting info buried in the 10-Q: >>Revenues for other services and projects for the first nine months of 1998 increased to $83,612 from $42,863 or 95.1% compared to the same period in 1997. << One of the interesting things I see in these numbers is the substantial (95%) increase in OEM contract sales. I wonder if this represents a shift in their marketing strategy from an individual sales approach to an OEM approach, where they just manufacture and have another company them worry about the marketing expenses. Any ideas? >>Net sales for the third quarter 1998 increased 27.4% to $136,681 as compared to $107,292 for the third quarter 1997. Foreign export net sales decreased 11.2% for the quarter to $63,550 from $71,562 and 11.5% for the first nine months of 1998 to $201,051 from $227,122. Domestic net sales for the quarter decreased 6.6% to $33,374 from $35,730 << If Foreign sales were $63,550 and Domestic Sales were $33,374, that would be about $96,924 in sales. Subtract from the $136,681, leaving just about $40,000 in OEM sales This Quarter. That's almost half of all OEM sales ($83,612) from the past 9 months. I have not seen the tableized version of the statements yet, but it seems that a substantial increase in OEM sales has occurred, more than compensating for the 11% drop in Export sales and the 6% drop in Domestic sales. After all is said and done, they still posted a 27% increase in Net Sales. While it's not the 150% everyone here would like to see, it's still not too shabby. Does anyone know what they reported for total outstanding shares? -Dan