Gross profit

GSE Systems Announces Third Quarter 2019 Financial Results

Retrieved on: 
Tuesday, November 19, 2019

The lower gross profit percentage in Q3 2019 was primarily due to lower margin work from a major customer in 2019.

Key Points: 
  • The lower gross profit percentage in Q3 2019 was primarily due to lower margin work from a major customer in 2019.
  • Amortization of definite-lived intangible assets decreased to $0.5 million in Q3 2019, compared to $0.6 million in Q3 2018.
  • Earnings before interest, taxes, depreciation and amortization ("EBITDA") for Q3 2019 was $0.4 million compared to $0.5 million in Q3 2018.
  • Management will host a conference call today at 4:30 pm Eastern Time to discuss Q3 2019 results as well as other matters.

Acorn Reduces Q3 Operating Loss by 47% with Gross Margin of 66.5% v. 62.2% in Q3’18 in its Remote Monitoring & Control IoT Business; Investor Call Tomorrow at 11am ET - Dial 844-834-0644

Retrieved on: 
Thursday, November 14, 2019

Monitoring revenue growth reflects an increase in the number of end points being monitored (units connected), more than 90% of which renew annually.

Key Points: 
  • Monitoring revenue growth reflects an increase in the number of end points being monitored (units connected), more than 90% of which renew annually.
  • Gross profit grew 11% in Q319 to $922,000, compared to gross profit of $831,000 in Q3'18.
  • OmniMetrix's Q319 total operating expenses increased only 1% to $816,000 versus $810,000 in Q3'18, on slightly higher selling, general and administrative expenses.
  • At September 30, 2019, Acorn had cash of approximately $1,338,000 (excluding restricted cash of $311,000 held in a bank in Israel).

Goodfood Reports Record Financial Results for Fiscal Year 2019 With Gross Merchandise Sales¹ Exceeding $200 Million and Significant Gross Margin Expansion

Retrieved on: 
Thursday, November 14, 2019

As at August 31, 2019, the Company had total debt of $14.0 million and $47.6 million in cash, cash equivalents and restricted cash.

Key Points: 
  • As at August 31, 2019, the Company had total debt of $14.0 million and $47.6 million in cash, cash equivalents and restricted cash.
  • Goodfood will hold a conference call to discuss these results on November 14, 2019, at 8:00AM Eastern Time.
  • Gross merchandise sales run-rate is defined as gross merchandise sales for the four-week period ended as at the date indicated multiplied by thirteen.
  • Adjusted gross margin is calculated as adjusted gross profit divided by gross merchandise sales.

TOFUTTI ANNOUNCES THIRD QUARTER AND NINE MONTH RESULTS

Retrieved on: 
Tuesday, November 12, 2019

Frozen dessert sales were negatively impacted by the unavailability of certain frozen novelties that our former manufacturing plant had produced.

Key Points: 
  • Frozen dessert sales were negatively impacted by the unavailability of certain frozen novelties that our former manufacturing plant had produced.
  • Certain of these novelties became available in the fourth quarter of this year.
  • Gross profit percentage in the third quarter of 2019 was negatively impacted by increases in freight out expense and sales discounts and allowances.
  • We look forward to improved frozen dessert sales in the fourth quarter and into 2020 as these novelties became available in the beginning of the fourth quarter of 2019.

GrowGeneration Reports Record Q3 2019 Revenues and Net Income

Retrieved on: 
Monday, November 11, 2019

Gross profit as a percentage of sales was 29.9% for the three months ended September 30, 2019, compared to 25.7% for the three months ended September 30, 2018.

Key Points: 
  • Gross profit as a percentage of sales was 29.9% for the three months ended September 30, 2019, compared to 25.7% for the three months ended September 30, 2018.
  • In addition, same store sales increased 48% comparing the quarter ended September 30, 2019 to the quarter ended September 30, 2018.
  • Corporate overhead was 12% of revenue for the three months ended September 30, 2019 and 16% for the three months ended September 30, 2018.
  • The presentation of this additional information is not meant to be considered in isolation or as a substitute for net income or net income per share prepared in accordance with generally accepted accounting principles.

Celsius Delivers Record Third Quarter Revenue of $20.4 Million, Net Income of $961,042

Retrieved on: 
Thursday, November 7, 2019

Gross profit margin for the three months ended September 30, 2019 was 42.2%, which compares favorably to 41.5% for the 2018 quarter.

Key Points: 
  • Gross profit margin for the three months ended September 30, 2019 was 42.2%, which compares favorably to 41.5% for the 2018 quarter.
  • The increase in gross profit dollars is mainly related to increases in sales volume, as opposed to increases in product pricing.
  • Total other expense increased to $542,829 for the three months ended September 30, 2019 from $43,000 for the three months ended September 30, 2018.
  • The total increase in revenue was primarily due to an increase in sales volume, as opposed to increases in product pricing.

Datatrak International, Inc. Reports Third Quarter Results of 2019

Retrieved on: 
Wednesday, November 6, 2019

Datatrakachieved its sixth consecutive quarter of profitability and saw a continued increase in backlog during the nine months ended September 30, 2019.

Key Points: 
  • Datatrakachieved its sixth consecutive quarter of profitability and saw a continued increase in backlog during the nine months ended September 30, 2019.
  • Revenue for the third quarter of 2019 was $2,028,000 compared to $1,847,000 for the third quarter of 2018.
  • The Company's gross profit margin was 81% for both the three months ended September 30, 2019 and 2018.
  • Depreciation and amortization increased for the third quarter of 2019 to $210,000 compared to $173,000 for the third quarter of 2018, due to capitalized software development that was released into production.

Zoom Telephonics Reports Sales of $10.9 Million for Q3 2019  

Retrieved on: 
Monday, November 4, 2019

Net sales increased 20.8% to $10.9 million due primarily to strong, improved sales from both E-tail and Best Buy.

Key Points: 
  • Net sales increased 20.8% to $10.9 million due primarily to strong, improved sales from both E-tail and Best Buy.
  • Frank Manning, Zooms CEO, commented on the quarter, In Q3 2019 we achieved our highest Q3 net sales since 2002.
  • Gross profit was $3.1 million or 28.8% of net sales in the third quarter of 2019, as compared to $3.3 million or 36.4% of net sales for the third quarter of 2018.
  • Operating expenses were $3.4 million or 30.9% of net sales in the third quarter of 2019, compared to $2.9 million or 32.1% of net sales in the same period of 2018.

Northwest Pipe Company Reports Strong Operating Profitability and Announces Third Quarter Conference Call

Retrieved on: 
Wednesday, October 30, 2019

The Company will broadcast its third quarter 2019 earnings conference call on Thursday, October31, 2019 at 7:00amPDT.

Key Points: 
  • The Company will broadcast its third quarter 2019 earnings conference call on Thursday, October31, 2019 at 7:00amPDT.
  • There was strong quarter over quarter improvement in revenue and significant improvement in gross profit and gross profit margin.
  • Conference Call The Company will hold its third quarter 2019 earnings conference call on Thursday, October31, 2019 at 7:00amPDT.
  • About Northwest Pipe Company Founded in 1966, Northwest Pipe Company is the largest manufacturer of engineered steel water pipeline systems in North America.

John B. Sanfilippo & Son, Inc. First Quarter Diluted EPS Nearly Doubled to a First Quarter Record $1.12 per Share

Retrieved on: 
Monday, October 28, 2019

Gross profit increased to $42.2 million for the first quarter of fiscal 2020 compared to $33.0 million for the first quarter of fiscal 2019.

Key Points: 
  • Gross profit increased to $42.2 million for the first quarter of fiscal 2020 compared to $33.0 million for the first quarter of fiscal 2019.
  • Gross profit margin, as a percentage of net sales, increased to 19.4% from 16.1% for the first quarter of fiscal 2019.
  • The first quarter of fiscal 2020 marks the third consecutive quarter in which we reported record net income and earnings per share.
  • Sales volume in our consumer distribution channel accounted for approximately 70% of total sales volume in the current first quarter, Mr. Sanfilippo noted.