European Shorting
| New Threads Only: |  |  |  |
|
|---|---|---|---|---|
| New Threads & Replies: | | | |
|
Forum List » Business News and Headlines SEC Filings, Earing Reports, Press Releases  
Food Technology Service Inc. Reports Operating Results (10-Q)
Posted by: gurufocus (IP Logged)
Date: May 17, 2010 12:15PM
Food Technology Service Inc. (VIFL) filed Quarterly Report for the period ended 2010-03-31. Highlight of Business Operations:Net Income Per Common Share-Basic $ 0.052 $ 0.066 -Diluted $ 0.050 $ 0.064 The components of the provision for income taxes (benefits) attributable to operations are as follows: Three Months Ended March 31, 2010 2009 - - Current Federal $ - $ - State - - - - $ - $ - = = Deferred Federal $ 73,100 $ - State 12,500 - - - $ 85,600 $ - = = Current Non-Current - - Deferred tax assets NOL carryforwards $ 186,000 $1,042,400 - - Deferred tax asset $ 186,000 $1,042,400 = = Year Shares Per Share - - - 2006 10,000 $3.28 2007 10,000 $2.52 2008 11,500 $2.18 2009 11,500 $1.89 Out of the money options excluded Three Months Ended March 31, 2010 2009 - - Stock option with an exercise price of $3.60 5,000 5,000 Stock option with an exercise price of $4.96 - 1,500 Stock option with an exercise price of $4.56 2,500 2,500 Stock option with an exercise price of $4.12 7,000 7,000 Stock option with an exercise price of $3.56 2,250 2,250 Stock option with an exercise price of $3.36 2,500 2,500 Stock option with an exercise price of $3.28 10,000 10,000 Stock option with an exercise price of $3.24 100,000 100,000 Stock option with an exercise price of $2.52 - 10,000 Stock option with an exercise price of $2.57 20,000 20,000 - - Total anti-dilutive options excluded from EPS 149,250 160,750 = = Management's Analysis of Quarterly Income Statements Operations - Food Technology Service, Inc. had revenues of $661,824 during the first quarter of 2010 compared to revenues of $674,830 for the same period in 2009. This is a decrease of about 1.9 percent. The Company had income before taxes during the first quarter of 2010 of $227,591 compared to income before taxes of $181,872 during the first quarter of 2009. This is an increase of about 21.9 percent. Management attributes decreased revenue to a large customer that was purchased and moved during the first quarter of 2009. That customer accounted for approximately 25% of the Company's 2008 revenue and virtually all of that revenue has been replaced.
Sorry, only registered users may post in this forum.
Please Login if you have an account or Create a Free Account if you don't 
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names
| Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More) 
|
Feedback
My Portfolios
Browse Gurus
RSS