 |
 | |
 |  |
| 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. |
This company caught my eye with year end results, then Q1 results. This company is showing 100% growth. It earned .07 last fiscal year, doubling revenues to $15 M. In Q1 they earned .07 doubling revenues to $8 M. This stock is trading dirt cheap. Reason, no one follows it, and thus liquidity is low, thus low multiple!! (ridicuously low for now). Here are excerpts from year end and Q1 results: Alberta Stock Exchange : TOM MARKHAM, Ont., Aug. 19 /CNW/ - T S Telecom Ltd. is pleased to announce its financial results for the year ended March 31, 1997, as follows : << For the year ended March 31 1997 1996 (in thousands of dollars, except earnings per share) Revenues 14,970 7,511 Net earnings (loss) 1,328 (2,077) Earnings (loss) per share $0.07 (0.13) Cash flow provided by (used in) operating activities 581 (1,977) >> Discussion of fiscal 1997 results Gross Revenues for the 1997 fiscal year doubled from 1996 levels to $14.97 million. The Company realized a net income of $1.328 million in 1997 or $0.07 per share as compared to a net loss of $2.077 million or $0.13 per share in fiscal 1996. The increase in operating revenues is attributable to the Company's efforts in expanding its product lines and markets, which included the successful introduction of a line of power monitoring equipment (''Powercom'') and optical fiber network access equipment. The Company also extended its markets beyond its traditional customer base and new applications for products were also introduced in the year. Cash provided by operating activities in the year was $581,000 as compared to cash used in operations of $1.977 million for the same period last year. The increase of cash from operations is largely attributable to the growth in net earnings, and partially offset by a net increase in non-cash working capital. In June of 1996, the Company repaid its short term loan of $881,500, and in October renegotiated a new short term loan of approximately $718,000. This subsequent loan was repaid in May of 1997. At March 31, 1997, the Company had a backlog of firm orders in the amount of $6.7 million. The Company expects this backlog to be filled in the fiscal year ending March 31, 1998. MARKHAM, Ont., Aug. 27 /CNW/ - T S Telecom Ltd. is pleased to announce its first quarter results for the period ended June 30, 1997, as follows: For the 3 months ended June 30 1997 1996 (in thousands of dollars) Revenues $8,355 $3,901 Net earnings after tax $1,467 $ 739 Earnings per share $0.073 $0.037 Cash flows from operations $1,763 $ 768 Discussion of fiscal 1998 Q1 results In the first quarter of fiscal 1998, both gross revenues and net earnings showed significant improvements over the results of the first quarter of fiscal 1997. Earnings per share for the first quarter, at $0.073, is nearly double the $0.037 realized a year earlier. The first quarter produced cash flows from operations of $1.76 million, compared to $768,000 for the first quarter of fiscal 1997. In addition, cash flows from investing activities for the quarter was $202,000, which includes a dividend of $282,000 from the Company's equity investment in Shanghai Hua Cheng Telecommunication Equipment Co. Ltd. (''SHC''). The increased cash flow from operations was used to repay a short term debt of $718,000, thus strengthening our balance sheet. The Company does not have any long term debt. The Company's share of earnings from its investment in SHC was $174,000 in the first quarter of fiscal 1998, as compared to $161,000 for the same period last year. We remain very positive about SHC, which continues to show increasing revenues and net earnings. In addition to booked revenues of $8.36 million, the Company has on its order book a backlog at June 30, 1997 of $5.1 million, as compared to $4.8 million at the end of the first quarter of fiscal 1997. The backlog is expected to be substantially cleared by the third quarter. Opinions? | ||||||||||||||
|
| Home | Hot | SubjectMarks | PeopleMarks | Keepers | Settings |
| Terms Of Use | Contact Us | Copyright/IP Policy | Privacy Policy | About Us | FAQ | Advertise on SI |
| © 2025 Knight Sac Media. Data provided by Twelve Data, Alpha Vantage, and CityFALCON News |