To: ARCHIE P. who wrote (99 ) 1/26/1998 4:22:00 PM From: ARCHIE P. Read Replies (2) | Respond to of 119
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